The Care and Support Package was first announced in February to help Singaporeans with household expenses.
The Ministry of Finance (MOF) announced today (June 4) that eligible Singaporeans will receive cash payouts of S$300 or S$600 via PayNow on June 18 as part of the Package.
Those who do not have PayNow linked to their NRIC by June 11 will receive the cash on June 25 via direct bank crediting, or cheque payment between June 30 and July 9.
In addition, parents with at least one Singaporean child aged 20 and below in 2020 will each receive an extra S$300.
Meanwhile, Singaporeans aged 50 and above in 2020 will each receive an extra S$100 cash for PAssion Card top-up.
In total, eligible Singaporeans will receive S$300, S$600 or S$900 this year depending on their assessable income for 2019. Of this amount, S$300 was paid in April 2020 as part of the S$600 Solidarity Payment.
“As part of the Unity and Resilience Budgets, the Care and Support Package helps provide more assurance and support to over 2.8 million Singaporeans who may be concerned about household expenses during this period of economic uncertainty,” said MOF.
In a Facebook post today, Minister Heng Swee Keat said: “Including the S$1.6 billion to be paid out in June, we would have disbursed a total of S$3.5 billion to households.”
“I hope this will alleviate the expenditure concerns of our families. Some of you have donated your Solidarity Payment. You can consider doing likewise for this cash payout to a good cause at www.giving.sg,” he added.
This afternoon, the Parliament will debate the S$33 billion Fortitude Budget that is focused on providing jobs and helping to tide workers and businesses through COVID-19.
Featured Image Credit: Sam Kang via Bloomberg
