In response to the rising cost of living, the Singapore Ministry of Finance (MOF) has announced a new wave of financial support measures under Budget 2024, with approximately 2.4 million eligible Singapore residents set to receive cash payments between $200 and $400. This initiative, known as the Cost-of-Living (COL) Special Payment, is part of a … Read more
The Singapore Government’s GST Voucher (GSTV) program, introduced in 2012, has become an essential initiative to provide financial assistance to citizens, especially those in low-to-middle-income households. The program aims to ease the financial burden on residents by offering various types of support. For 2025, the government has increased the payout, making it a crucial financial … Read more
The Singapore government has introduced the Workfare Payment of up to SGD 2,800 for eligible low-income workers in 2025. This initiative is part of the broader Workfare Income Supplement (WIS) scheme, which aims to enhance the financial security of workers who earn lower wages, while promoting long-term employment and retirement savings. Through direct cash payouts … Read more
Singapore has implemented various social welfare programs to support its aging population, ensuring that senior citizens can lead dignified and financially secure lives. One of the most impactful initiatives is the Silver Support Scheme (SSS), which provides up to $1,080 quarterly to eligible seniors. This scheme is targeted toward retirees with low incomes and minimal … Read more
The Singapore government has confirmed that the $900 Senior Bonus Payout will be distributed in April 2025. This initiative aims to provide financial support to seniors, particularly those in low- and middle-income brackets. With inflation and healthcare costs on the rise, the bonus offers essential relief to retirees and elderly residents. In this comprehensive guide, … Read more
Singapore is set to roll out a new financial support initiative aimed at helping unemployed residents navigate career transitions. The SkillsFuture Jobseeker Support (JS) scheme will officially launch in April 2025, providing temporary financial relief to individuals who have been involuntarily unemployed. The scheme offers payouts of up to $6,000 over six months to ease … Read more
The Singapore Goods and Services Tax (GST) Voucher Scheme for 2025 is an initiative designed to provide financial support to lower- and middle-income Singaporeans. With the rising cost of living and an increase in GST rates, this program aims to reduce the financial burden on eligible citizens by offering cash payouts, MediSave top-ups, and utility … Read more
As we move into 2025, civil servants in Singapore are eagerly awaiting the official announcement regarding their annual bonuses. The details of the bonus for this year have yet to be released, but based on previous trends and the current economic environment, we can anticipate that the bonus structure will follow a familiar pattern. Civil … Read more
In response to the growing gig economy, the Singapore government has introduced significant updates to the Workfare Income Supplement (WIS) scheme, aiming to provide better financial support for platform workers, including ride-hailing drivers, food delivery personnel, and freelancers. With these changes, platform workers will receive monthly payouts, and platform operators will begin making mandatory CPF … Read more
A dividend is a portion of a company’s profits that is distributed to its shareholders as a reward for their investment. For business managers, investors, and those planning to start a business, understanding dividend policies is crucial to making informed financial decisions. In Singapore, dividends are commonly used by companies to share their profits with … Read more