1.5 million Singaporeans to receive up to $700 in cash in August 2023

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1.5 million Singaporeans to receive up to $700 in cash in August 2023
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A total of S$1.2 billion – consisting of cash and MediSave top-ups – will be disbursed to eligible Singaporeans. Are you eligible? CostOfLivingCrisis singapore

Singaporeans born on or before 31 December 1969 who do not receive the Pioneer Generation or Merdeka Generation benefits will benefit from the 5-Year annual MediSave Top-up announced at Budget 2019.

MOF said that those payments "are part of the government's continuing support for lower-income to middle-income and senior Singaporeans, to help with their GST expenses and living expenses". "Singaporeans and their households can expect further support in the form of top-ups to the Child Development Account , U-Save and S&CC rebates, and the Assurance Package Cash in the second half of 2023," it added.

PayNow-NRIC is the default payment mode and MOF said that payments will be made earlier to those who register for PayNow-NRIC by 21 July 2023. Eligible recipients will be notified of their credited GSTV – Cash and/or GSTV – MediSave benefits in August 2023. Notifications will be sent via the Singpass app inbox or by SMS.

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