It has been confirmed by the Singapore government that, under a new support scheme for 2025, a special one-time payout of \$3,267 will be given to eligible workers. This special measure came into effect to provide workers support amidst the rising cost of living and economic uncertainties affecting the region.
Who Will Receive the \$3,267 Payout?
Full-time local employees who have been making consistent CPF contributions for the past year are eligible to receive this payout. Workers falling within the lower- to middle-income range will be prioritized, while certain self-employed individuals who meet contribution and income criteria may also be eligible.
Payment Setup and Disbursement
Payments are expected to be made starting in the second quarter of 2025. By default, the money will be transmitted to the recipients’ bank account that they have specified in connection with cpf or gov.sg. Hence, there will be no need to apply for the payout for most workers. Nevertheless, anyone who is unsure about their eligibility should check via Singpass or the official MOM portal.
Why This Cake Matters for Singaporean Households
This payout will help rescue thousands of workers juggling home expenses, education, and healthcare costs. Given the global pressure of inflation, such measures are crucial to restrain the financial stability of Singapore and spur consumer confidence.