Those aged 65 and above will also have up to $450 credited to their CPF MediSave accounts.
SINGAPORE - About 1.5 million eligible adult Singaporeans will receive $450 or $850 in cash in August to help with their daily living expenses, the Ministry of Finance said on July 4.Those with homes with annual values of more than $21,000, and up to $25,000, will receive $450.
The payments will be made to Singaporeans aged 21 and above who have an assessable income of up to $34,000 for the year of assessment 2023.About 650,000 Singapore citizens aged 65 and above will also have up to $450 credited to their Central Provident Fund MediSave accounts in August. In January 2023, the GST rate increased from 7 per cent to 8 per cent, before jumping to 9 per cent at the start of 2024.which were first announced by Prime Minister Lawrence Wong in February 2023, will amount to $1.4 billion, which is around $200 million more than in 2023, according to the ministry.by July 9. Citizens who sign up after this date and by June 20, 2025, will receive their payments by the end of the following month.
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