Singapore has launched a new financial aid scheme called the Majulah Package, aimed at helping senior citizens who have lower retirement savings. This move shows the government’s continued efforts to support elderly citizens and ensure they can live comfortably in their golden years.
The Majulah Package offers a one-time bonus of $1,000 to $1,500 to seniors whose Central Provident Fund (CPF) savings fall below the 2023 Basic Retirement Sum (BRS) of $99,400. It is meant to provide a financial cushion and help seniors manage their retirement expenses better.
Who Will Get This Bonus?
This scheme is only for Singapore Citizens who were born in 1973 or earlier and are living in Singapore. So if you are a citizen, aged 52 or older in 2025, and meet the savings criteria, you are likely eligible.
But there’s more to check. Your retirement savings in CPF should be below $99,400, and you must not own more than one property. Also, the Annual Value of your home (a government-assessed rental value) should not exceed $25,000. These conditions make sure that help goes to seniors who genuinely need it.
No Need to Apply – Bonus Is Automatic
One of the best things about the Majulah Package is that there is no need to apply. Seniors do not have to fill out any forms, log in online, or visit any office. The bonus amount will be automatically credited to the eligible person’s CPF account.
This makes it easy for elderly citizens, especially those who are not comfortable with technology. All they need to do is ensure that their CPF account details are updated and correct to avoid any delays.
Bonus Amount Depends on Your Savings
Not every senior will get the same amount. The bonus is tiered depending on how much CPF retirement savings you have.
- If your CPF savings are below $60,000, you will get $1,000.
- If your CPF savings are between $60,000 and $99,400, you will receive $1,500.
This tiered support system helps the most vulnerable get the maximum benefit. It’s a smart move to make sure those who are struggling the most financially get more help.
When Will the Money Be Credited?
The bonus is expected to be credited directly into CPF accounts by the end of the year, just in time for the holiday season. This extra support can come in handy for year-end expenses like medical bills, groceries, or even festive celebrations with family.
Seniors don’t need to worry about paperwork or waiting in long queues. Just keep an eye on your CPF account and ensure everything is updated.
Why the Majulah Package Matters?
As Singapore’s population ages, the need to support older citizens has become more important. Many seniors may not have been able to save enough due to various reasons, like low wages in the past or gaps in employment.
This is where the Majulah Package comes in — it’s not just about money, but about giving seniors peace of mind, knowing that they are not forgotten or left behind.
The government has made it a direct, simple, and effective solution. Seniors can use this bonus for essential needs like:
- Daily living expenses
- Medical bills and medicines
- Paying down small debts
- Setting aside emergency funds
It’s all about improving their quality of life during retirement.
A Step Forward in Elderly Support
The Majulah Package is part of a broader commitment from the Singapore government to uplift its ageing population. In the coming years, more than 1 in 4 Singaporeans will be aged 65 or older. That’s why such schemes are becoming more frequent and necessary.
Apart from this package, there are also other programs like Silver Support Scheme, Workfare Income Supplement, and CPF LIFE, which aim to help seniors with various financial needs.
The Majulah Package adds to these efforts, giving targeted aid to a specific group — those with low CPF balances, modest housing, and no additional property assets.
Why Automatic Support Is a Game Changer?
Many elderly people are not tech-savvy. If a support scheme requires online applications, uploading documents, or understanding detailed instructions, it may discourage them from applying, even if they need the help.
That’s why automatic disbursement is such a relief. Seniors don’t have to worry, apply, or wait. The money will just arrive in their CPF account, giving them peace of mind without any extra effort.
This also reduces the risk of scams or false information, since there’s no third party involved in the application process.
Singapore’s Message: No One Gets Left Behind
The Majulah Package sends a clear message — Singapore is committed to caring for its elderly. Retirement can be stressful when savings are low and medical needs are rising. This kind of timely help can make a real difference.
By offering financial support in a non-complicated and thoughtful way, the government is not only helping today’s seniors but also setting a good example for future planning. Singapore Announces Majulah Package to Support Seniors with Low CPF Retirement Savings