Over the last few years, Singapore has experienced a consistent increase in living costs, influenced by global inflation, domestic economic adjustments, and recent changes to the Goods and Services Tax (GST), which was raised to 9% in 2024. These changes have had a more pronounced impact on the elderly, many of whom rely on limited … Read more
Singapore’s economic structure has progressively adapted to include a rising group of workers engaged in the gig economy. As of 2025, this group now benefits from an enhanced Workfare Income Supplement (WIS) Scheme that delivers up to $3,267 annually to eligible platform workers. This major policy shift is designed to protect those who often work … Read more
Singapore’s ageing population continues to shape national policy, especially in areas such as healthcare, housing, and retirement savings. To strengthen financial security for senior citizens with limited retirement savings, the Singapore government has announced the Majulah Package, a one-time bonus to supplement CPF accounts. This initiative directly addresses concerns over retirement adequacy among the country’s … Read more
To support Singaporean households in managing the effects of rising living expenses, the government has introduced an enhanced CDC Vouchers Scheme in 2025. Under this initiative, each household will receive a total of S$800 in digital vouchers, distributed in two instalments over a defined period. The scheme is a part of the Assurance Package introduced … Read more
The Singapore Government has officially confirmed a substantial $1,200 cash payout scheduled for distribution in June 2025, marking a significant milestone in the nation’s ongoing cost-of-living relief measures. This financial assistance forms part of the comprehensive Assurance Package designed to support citizens facing mounting economic pressures from inflation, GST increases, and rising daily expenses. Understanding … Read more
The Singapore government has officially announced new financial support measures for 2025, providing cash payments ranging from $400 to $950 to eligible citizens. This comprehensive support initiative, unveiled by the Ministry of Finance in early June 2025, represents the government’s continued commitment to helping lower and middle-income households navigate rising living costs and economic pressures. … Read more