In a major effort to improve the financial stability of its ageing population, Singapore has enhanced the Assurance Package (AP) Seniors’ Bonus for 2025. This expansion forms part of a broader initiative to extend continuous assistance to senior citizens, especially those in the low- and middle-income groups. With the cost of living climbing and economic shifts ongoing, the revised support scheme aims to help seniors approach retirement with greater financial assurance and security.

February 2025 to Bring Fresh Round of Targeted Payments

Starting in February 2025, eligible seniors will receive AP Seniors’ Bonus payouts ranging from $200 to $300. Around 850,000 Singaporeans aged 55 and above are set to benefit. To qualify, individuals must:

• Be Singapore citizens
• Own no more than one residential property
• Live in a home with an Annual Value (AV) of $31,000 or less
• Have an Assessable Income (AI) of no more than $34,000

MediSave Top-Up Benefits to Broader Groups

Also in February 2025, the government will credit a $150 top-up to CPF MediSave accounts of all Singaporeans under 20 or over 55. This initiative comes with no income or property ownership restrictions, allowing close to two million citizens to receive the benefit. The goal is to reduce medical costs and support early planning for retirement healthcare needs.

Verified Notifications to Protect and Inform Seniors

To ensure seniors get timely updates, SMS notifications will be sent from “gov.sg” starting February 2025. These messages aim to protect recipients from scams and ensure only official information is shared. Those without a Singpass-registered mobile number or who miss the SMS will receive a physical letter by mail, containing the same benefit details—without requesting any personal data.

Matched MediSave Scheme to Boost Long-Term Health Savings

From 2026 to 2030, Singapore will roll out the Matched MediSave Scheme for CPF members aged 55 to 70. This initiative offers dollar-for-dollar matching on voluntary MediSave contributions, capped at $1,000 annually. The goal is to motivate seniors to grow their health savings with strong backing from the government.

Silver Support Scheme to Deliver Bigger Payouts

Starting in 2025, the Silver Support Scheme will provide 20% higher quarterly payouts, offering more robust aid to seniors with little or no retirement savings. The household income ceiling will also rise from $1,800 to $2,300 per person, allowing more seniors to qualify and easing financial stress for a broader group of retirees.

More Flexibility Under the Enhanced Silver Housing Bonus

From December 1, 2025, the Silver Housing Bonus (SHB) will offer more attractive cash incentives and relaxed eligibility criteria for seniors who choose to downsize to smaller HDB flats. This update empowers older residents to unlock greater value from their homes and improve their retirement income through smart housing choices.

Strengthened Government Support for Ageing Citizens

These enhancements underscore Singapore’s ongoing promise to improve the financial and social wellbeing of its seniors. With upgrades to the AP Seniors’ Bonus, MediSave contributions, and retirement savings plans, the government is ensuring seniors have the tools to age with dignity and peace of mind. Citizens are encouraged to stay updated via official government channels and make full use of the benefits available.

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