The care and support package was first announced in February to help Singaporeans cut household costs.
The Treasury Department (MOF) announced today (June 4) that eligible Singaporeans will receive $ 300 or $ 600 cash payments as part of the package on PayNow on June 18.
Those who haven't linked PayNow to their NRIC by June 11 will receive the cash on June 25 by direct bank credit or check payment between June 30 and July 9.
In addition, parents with at least one Singaporean child aged 20 and under will receive an additional $ 300 each in 2020.
In the meantime, Singaporeans aged 50 and over will receive an additional $ 100 each in 2020 to top up their PAssion Card.
Overview of cash and Support Package / Image Credit: MOF
In total, eligible Singaporeans will receive S $ 300, 600 or 900 this year, depending on their estimated 2019 income. S $ 300 of this amount was paid in April 2020 as part of the S $ 600 solidarity payment.
"As part of the unity and resilience budget, the care and support package provides more security and support to more than 2.8 million Singaporeans who may be concerned about household spending during this period of economic uncertainty," said MOF.
In a Facebook post today, Minister Heng Swee Keat said: "Including the $ 1.6 billion to be paid in June, we would have paid a total of $ 3.5 billion to households."
“I hope this will ease our families' spending problems. Some of you donated your solidarity payment. You can consider making this cash payment for a good cause at www.giving.sg, ”he added.
This afternoon, Parliament will debate the $ 33 billion Fortitude budget, which focuses on job creation and COVID-19 support for workers and businesses.
Selected image source: Sam Kang on Bloomberg