Cost of Living (COL) Special Payout on June 2023

 

A small ang pow will be coming to 2.5 million Singaporean adults.

Qualifying adults with no more than one property will receive a one-off cash amounting to $200 and $400 for June.

2023 COL Special Payment

• Criteria - Aged 21 and above
• Assessable Income  ⩽l to $100,000
• Do not own more than one property

2023 COL Senior's Bonus

• Aged 55 and above⩽ $24,000
• Annual Value of Residential Property ⩽ $21,000
• Do not own more than one property

You can check your eligibility here 

https://www.govbenefits.gov.sg/

How to get your cash?

Cash payment will be credited to your PayNow-NRIC-Link bank account. To set it up, refer to your individual bank for instructions.

If you do not have a PayNow-NRIC-linked bank account, it will be credited to your bank's savings account.

For more information