Singapore has rolled out an ambitious 2025 Financial Support Plan to help its people manage rising costs, prepare for the future, and bounce back from changing job trends.
This isn’t just about handing out money—it’s a full-fledged strategy designed to support Singaporeans across different age groups and life stages.
From retirees and jobseekers to working families and low-income individuals, the new plan has something for everyone. It’s a strong response to inflation, economic uncertainty, and a fast-changing global environment.
Helping People Through Modern Challenges
Living costs are rising globally. At the same time, people are switching jobs more often, and healthcare needs are growing. To tackle all this, Singapore’s 2025 plan offers direct financial help along with smart, long-term benefits.
The government is focusing on giving cash support, boosting savings for healthcare, helping people switch careers, and making sure older Singaporeans are ready for retirement.
The overall goal? Give everyone the tools to handle today—and build a more secure tomorrow.
Support That Fits Different Life Stages
This plan doesn’t take a one-size-fits-all approach. It offers different types of support depending on your age, job status, and income level.
Here’s a quick look at what’s included:
- Cash payouts for daily needs
- CDC vouchers to help families shop and support local businesses
- MediSave top-ups for medical savings
- Jobseeker support to assist people during employment gaps
- CPF bonuses to grow retirement savings
It’s a full-circle approach aimed at easing today’s worries while building long-term security.
Key Highlights of the Plan
- Assurance Package (AP)
Eligible citizens can receive up to S$2,250 in cash over five years. This package is designed to ease the pressure of Goods and Services Tax (GST) hikes, particularly for middle- and lower-income groups. - CDC Vouchers
Every household will get S$800 worth of CDC vouchers—S$500 in May 2025 and S$300 in January 2026. These can be used at local hawker stalls, shops, and small businesses, which also boosts the local economy. - MediSave Top-Ups
To support healthcare savings, S$150 will be added to the MediSave accounts of Singaporeans aged 20 and below or 55 and above, helping both the young and elderly manage medical costs. - Earn and Save Bonus
Working seniors born in 1973 or earlier will receive up to S$1,000 directly into their CPF Retirement Accounts. This helps grow their retirement savings while they continue working. - Seniors’ Bonus
Low-income seniors will also get a Seniors’ Bonus of up to S$900 by 2025. It’s a targeted move to ease their financial burdens. - U-Save Rebates
With energy costs fluctuating, eligible households will receive up to S$190 in U-Save rebates every quarter, cutting down utility bills.
A Focus on Employment: SkillsFuture Jobseeker Support
For people in between jobs, the SkillsFuture Jobseeker Support Scheme provides real help. Unemployed Singaporeans who are actively looking for work or upgrading their skills can get up to S$6,000 over six months.
Launched in April 2025, this program encourages people to stay active and motivated while navigating career changes. It rewards effort and helps ease the financial stress of job hunting.
How Does the Assurance Package Offsets Gst Impact?
With the Goods and Services Tax (GST) rising, the Assurance Package steps in to ease the hit. If you’re 21 or older, earn S$100,000 or less a year, and don’t own more than one property, you’ll likely qualify.
The payments will vary depending on income level, with those who earn less getting more help. The good news? You don’t need to fill out long forms—just make sure your PayNow-NRIC is active for direct deposit.
Boosting Local Economies: More Than Just Aid
The CDC vouchers not only help families afford food and groceries, but they also support small businesses. When you spend these vouchers at your neighborhood hawker stall or grocery shop, you’re helping your community grow.
Redemption is easy through the government portal, and the vouchers are valid at thousands of merchants. It’s a smart way to keep money flowing within Singapore’s local economy.
Retirement Planning: Smart, Simple, and Secure
The Earn and Save Bonus is aimed at seniors still in the workforce. If you were born in 1973 or earlier, you can get up to S$1,000 a year added straight to your CPF Retirement Account.
By connecting bonuses to earned income, the government is encouraging people to stay employed and build a stronger retirement foundation.
Easy, Automatic Payouts—No Hassle
One of the best parts of the 2025 Financial Support Plan is how simple it is to receive benefits. Most citizens don’t need to apply.
If your PayNow-NRIC is linked to your bank account, you’ll receive payouts automatically. Others can get payments through GovCash or direct bank transfers. You can check everything using your Singpass—from your payment history to your banking info.
Singapore’s Big Picture: A Future-Ready Nation
In a time when many countries are struggling to balance short-term relief with long-term planning, Singapore’s 2025 Financial Plan stands out.
By offering both instant help and strategic investments in healthcare, job support, and retirement savings, the government is showing its dedication to every citizen’s well-being.
This isn’t just a response to economic challenges—it’s a future-ready strategy to empower Singaporeans and keep the nation strong, stable, and supportive.