Singapore Cost of Living Payment 2025: What You Need to Know
The Singapore government has announced a new Cost of Living payment to help Singaporeans cope with the rising inflation rate, projected to remain elevated in 2025. This payment is part of a larger package of measures the government is implementing to mitigate the impact of rising prices.
Who is eligible for the Cost of Living Payment 2025?
All Singaporeans aged 21 and above in 2025 will be eligible for the Cost of Living Payment. This includes Singapore citizens, permanent residents, and long-term pass holders.
How much will the Cost of Living Payment 2025 be?
The amount of the Cost of Living Payment will vary depending on the recipient’s income and household size. The payment will be tiered, with lower-income households receiving a higher amount. The exact payment amounts have not yet been announced but are expected to be similar to the Cost of Living Payment which was provided in 2023.
When will the Cost of Living Payment 2025 be disbursed?
The Cost of Living Payment 2025 will be disbursed in two tranches in 2025. The first tranche will be disbursed in January 2025, and the second tranche will be disbursed in July 2025.
How will the Cost of Living Payment 2025 be disbursed?
The Cost of Living Payment will be disbursed through the recipients’ bank accounts or SingPass accounts.
What are the other measures the government is implementing to mitigate the impact of rising prices?
In addition to the Cost of Living Payment, the government is also implementing a range of other measures to mitigate the impact of rising prices, including:
- Extending the Enhanced Utilities Assistance Scheme until December 31, 2025
- Providing additional subsidies for essential food items
- Increasing the GST Offset Package for lower-income households
- Expanding the ComCare Long-Term Assistance Scheme
How can I apply for the Cost of Living Payment 2025?
You do not need to apply for the Cost of Living Payment. Eligible Singaporeans will automatically receive the payment in their bank accounts or SingPass accounts.
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Please search for “singapore cost of living payment 2025” which is rapidly rising on Google Trends SG and explain in detail. Answers should be in English.
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