A scheme that provides quarterly cash payout to seniors who had low income through life and now who have little or no family support.
The Scheme provides payouts of $300 – $750 (depending on type of HDB flat they live in) every three months for the bottom 20% of seniors who had low income through life and now who have little or no family support. The scheme is auto-inclusive for eligible elderly.
Singapore Citizens aged 65 and above will be eligible for Silver Support if they meet all of the following criteria:
- Low lifetime wages – Total CPF contributions* of not more than $70,000 by age 55. Self-employed persons should also have an average annual net trade income of not more than $22,800 when they were between the ages of 45 and 54; and
- Housing type – Live in a 1- to 5-room HDB flat; and does not own, or have a spouse who owns, a 5-room or larger HDB flat or private property or multiple properties; and
- Low household support – Live in a household with a monthly income per person of not more than $1,100.