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Reminder: Cash and MediSave support incoming for Singaporeans in February 2023

Reminder: Cash and MediSave support incoming for Singaporeans in February 2023

Lower-income senior Singaporeans aged 55 years and above are set to receive up to S$300 cash, under the GSTV – Cash (Seniors’ Bonus).

As part of Singapore's Assurance Package to help defray GST and other living expenses, Singaporeans can look forward to incoming support within February 2023, after the disbursement of S$300 Community Development Council (CDC) Vouchers in January 2023.

All figures mentioned are in Singapore dollars (SGD).

Coming up, lower-income senior Singaporeans aged 55 years and above will receive up to $300 cash, under the GSTV – Cash (Seniors’ Bonus). This will be handed out to those who own one property only, and will range in amount on the basis of the age of the recipient. Please follow the table below to estimate your eligibility:

seniors bonus

Also in February 2023, eligible senior Singaporeans aged 55 years and above, and Singaporean children aged 20 years and below will receive $150 in their CPF MediSave Account under the AP MediSave programme. Details are in the table below:

aditi feb 2023 medisave assurance package

When will you receive the benefits?

Singaporeans eligible to receive benefits are encouraged to link their NRIC to PayNow by 24 January 2023 to receive their GSTV – Cash (Seniors’ Bonus) from as early as 3 February 2023. For those without PayNow-NRIC, it will be disbursed via the bank account provided to the Government from 13 February 2023.

GovCash has replaced cheques as a mode of payment from 2022 to citizens who have not linked their NRICs to PayNow or provided their bank account details. Citizens on GovCash can withdraw their GSTV – Cash (Seniors’ Bonus) at OCBC ATMs islandwide by entering their 1) Payment Reference Number (PRN) that will be sent to them from 15 February 2023, and 2) NRIC, and after passing the facial verification. They do not require an OCBC bank account to withdraw the payment at the OCBC ATMs.

Citizens who require assistance with the withdrawal due to their medical condition can visit the Assurance Package website.

How will you be notified?

Singpass app will be the mode of notification. Eligible recipients will be notified in February 2023 after the GSTV – Cash (Seniors’ Bonus) and AP MediSave have been credited to them, either via their Singpass app or SMS notifications for those who have registered their mobile numbers with Singpass, but have not downloaded nor completed their one-time setup of the Singpass app.


Lead image and in-line infographics / SG Press Centre

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