Senior citizens in Singapore (typically aged 60+) receive extensive support, including annual MediSave top-ups (up to $800/year for life), 50% off polyclinic/specialist bills, and subsidized care via the Community Health Assist Scheme (CHAS). They enjoy transportation discounts, 25% cheaper fares with the PAssion Silver Concession Card, and cash payouts via the Silver Support Scheme.
Schemes for Seniors - Caring For Seniors
Lower-income senior Singapore citizens will receive cash payments of $600 to $900 through the AP Seniors' Bonus. The AP Seniors' Bonus will be disbursed over three years, from 2023 to 2025. The last disbursement was made in February 2025.
The Silver Support scheme provides continuing financial support for Singapore Citizens aged 65 and above, who had low income during their working years and now have less in retirement. Please refer to cpf.gov.sg/sss for more details. If you wish to check your eligibility, you may log in to our e-services.
Eligibility. Adult Singaporeans aged 21 years and above will receive AP Cash in December every year from 2022 to 2026. In total, eligible Singaporeans will receive between $700 and $2,250 of AP Cash over these five years.
To be eligible for Silver Support, you must be a Singapore citizen aged 65 and above, and must meet all of the following criteria: Contributed not more than $140,000 to your CPF by age 55. If self-employed or have worked as a platform worker, earned not more than $27,600 between ages 45 and 54.
All adult Singaporeans born between 1966 and 2004 (aged 21 to 59 in 2025) will receive $600, while those born in 1965 and earlier (aged 60 and above in 2025) will receive $800. The higher quantum for seniors recognises their long-standing contributions to Singapore's growth and success.
The amount you will receive depends on your household monthly income per person and the type of HDB flat you live in. If you are a Singapore Citizen aged 65 and above, and receiving ComCare Long -Term Assistance (LTA), you will receive $430 per quarter regardless of flat type and household monthly income.
In 2022, the median household income per household member, after adjusting for inflation, is $3287 as shown in fig 5. By taking the threshold as 50%, a family with a household income per household member of $1643.50 and below is considered to be living in relative poverty.
Senior Citizens Savings Scheme (SCSS)
Eligibility: Individuals aged 60 years and above. Investment Limit: Minimum ₹1,000 and maximum ₹15 lakhs. Interest Rate: Approximately 8% per annum (subject to change). Tenure: 5 years, extendable by 3 years.
Defined Contribution - No mandatory national Government / State pension plan.
It consists of spending your money on: 50% needs. 30% wants. 20% savings/investments.
$600 to $900 cash payouts over 3 years from 2023 to 2025 for eligible Singapore Citizens aged 55 and above. Cash payouts of $600 to $900 for eligible Singapore Citizens aged 55 and above in February over 3 years, from 2023 to 2025.
SCSS has certain limitations, such as a fixed 5-year lock-in period, strict eligibility rules for senior citizens, and a maximum investment limit. Premature withdrawals attract penalties, and interest earned is taxable. Unlike FDs, it does not offer flexible tenures or unlimited investment amounts.
In Singapore, a $100K salary puts you in the top 20% of earners. Yet many professionals at this level are living paycheck to paycheck, trapped by lifestyle inflation and the city's unique financial pressures. The numbers don't lie: Average monthly expenses for a middle-class family: $6,000-$8,000.
As part of the Government's commitment to providing seniors greater assurance in retirement, the Silver Support Scheme supports seniors aged 65 and above who had low incomes during their working years and now have less in their retirement. Eligible seniors will receive cash supplements of up to $900 every three months.
Jurong West, Woodlands, Sembawang, Bukit Batok, Yishun, Tampines, and Pasir Ris offer affordable rental options with great value for money. When searching for rental housing, consider proximity to transportation, local amenities, and the neighborhood's atmosphere to find the perfect fit for your budget and needs.
Here in Singapore, the elderly are certainly not exempted from these privileges. From lower-priced telco prices, discounted tickets to popular attractions, and cheaper trips to the grocery stores, here are the best discounts and benefits that can help senior citizens in Singapore stretch their dollar!
Social Security and Supplemental Security Income (SSI) retirement benefits are available to seniors who have worked and paid Social Security taxes. For those with limited income and resources, Supplemental Security Income (SSI) provides additional monthly cash assistance.
What pension and tax benefits can I claim?
For Singaporeans with an annual income of up to $34,000 and property ownership that meets the criteria: Annual Value up to $21,000: Eligible Singaporeans can expect a cash payout of $850. Annual Value between $21,001 and $31,000: The cash payout will be $450.
General Benchmarks. One survey estimated that ~S$1 million in savings is needed to retire “comfortably” in Singapore. In terms of monthly spending, retirees today spend anywhere from S$1,200 (basic) to S$3,500 (comfortable) per month. As of 2023, an average retiree spends approximately S$2,000 per month.
All Singapore Citizens (SCs) aged 21 and above in 2025 will receive $600 in SG60 Vouchers. SC seniors aged 60 and above in 2025 will receive $200 more – a total of $800 in SG60 Vouchers.