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What are the upcoming enhancements to the Silver Support Scheme?

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Source: https://www.cpf.gov.sg/member

Silver Support will be enhanced in 2025. From 1 January 2025:

(i)                  Payments will be raised by 20%. Quarterly payments will increase by 20% for those who meet the current eligibility criteria.

(ii)                Criterion for household monthly income per person will be raised. Singaporeans aged 65 and above who live in a household with a monthly income per person of not more than $2,300 and meet all other eligibility criteria will be eligible for the SSS (the current criterion is $1,800). Payments will continued to be tiered.

The enhanced quarterly payments from 1 January 2025 are in the table below.

 

HDB Flat Type3

Enhanced Silver Support payments from 1 January 20251

Total CPF contributions of not more than $140,000 by age 552

Household monthly income per person of $1,500 or less

Household monthly income per person of above $1,500 but not more than $2,300

1- and 2-Room

$1,080

$540

3-Room

$860

$430

4-Room

$650

$325

5-Room4

$430

$215

Note:

1.       All Singaporeans aged 65 and above who are ComCare Long Term Assistance (LTA) recipients will receive SS of $430 per quarter, regardless of their flat type.

2.       Self-employed persons should also have an average annual net trade income of not more than $27,600 when they were aged 45 to 54.

3.       Senior should not own, and not have a spouse who owns, a 5-room or larger HDB flat or private property or multiple properties.

4.       Senior may live in, but do not own, a 5-room HDB flat. 

This information provided here is sourced from the CPF website.

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