Senior support in Singapore, particularly financial schemes like the Silver Support Scheme, is primarily for Singapore Citizens aged 65 and above with low incomes during their working years and low retirement funds. Key eligibility criteria include living in a 5-room or smaller HDB flat, not owning private property, and having limited CPF contributions (e.g., $\le$$140,000 by age 55).
You must be aged 20 and below, or 55 and above, in the disbursement year. 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.
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.
The Silver Support Scheme provides quarterly cash payments of up to $1,080 for Singapore Citizens aged 65 and above (previously $900), who had low incomes during their working years and now have less in retirement.
This convenient stored value travel card is specially catered for senior Permanent Residents aged 60 years and above for hassle-free concessionary travel on buses, the MRT and LRT.
Schemes for Seniors - Caring For Seniors
An individual who has attained the age of 60 years or above on the date of opening of an account or an individual who has attained the age of 55 years or more but less than 60 years and has retired under Superannuation, VRS or Special VRS, can open an account.
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.
Who is eligible? Singapore citizens who: Were born from 1 January 1950 to 31 December 1959, and. Became a Singapore citizen on or before 31 December 1996.
So, what is the most requested support service for the elderly? Answer: in-home care. This service allows seniors to maintain their independence, safety and well-being while staying in the comfort of their own homes.
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.
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.
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.
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.
What pension and tax benefits can I claim?
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.
$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.
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.
The Senior Citizen Savings Scheme (SCSS) is the top pick for the best investment for senior citizens, blending high 8.2% p.a. returns (Q2 FY 2025-26) with ironclad government security. The limit's now INR 30 lakh—ideal for couples to anchor retirement income needs.
You might be able to claim benefits or increase your current benefits if you're: over 16 years old with a low income or no income. sick or disabled, including if you have a mental health condition. of State Pension age with a low income or no income.
It is better to look at credit unions and government-run schemes. These can give quick, emergency loans to people.
The government-backed initiative offers temporary financial assistance to lower- and middle-income workers actively seeking new employment. Payouts of up to S$6,000 (US$4,500) will be spread across six months to cushion the financial blow of involuntary unemployment.
7 Most Overlooked Government Benefits for Seniors
The scheme currently offers an interest rate of 8.2% (for the ongoing quarter), supports deposits up to ₹30 lakh, and has a 5-year tenure extendable by 3 years.
Unity Small Finance Bank offers attractive Fixed Deposit (FD) rates, ranging from 4.50% to 9.50% for the general public and 4.50% to 9.50% for senior citizens, depending on the tenure. These rates apply to FDs maturing in 7 days to 10 years.