To help households cope with inflation and rising daily expenses, the Singapore government has approved a $600 Cost of Living (COL) payment for eligible residents in 2025. This one-time payout is part of a larger package aimed at easing financial stress among lower- and middle-income families.
With daily necessities, transport, and utility costs increasing, this support measure provides much-needed relief as the country continues to navigate global economic challenges.
Overview of the $600 Cost of Living Support
The $600 payout is part of Singapore’s Assurance Package, which was originally introduced to cushion the impact of the Goods and Services Tax (GST) increase. In 2025, the scheme has been enhanced to provide more timely and targeted assistance to households who are most affected by the rising cost of living.
The payout complements other support schemes like CDC Vouchers and U-Save rebates, forming a multi-layered approach to financial aid.
Who Qualifies for the $600 COL Payment in 2025
To be eligible for the payment, Singaporeans must be aged 21 or older in 2025 and meet the income criteria based on their Assessable Income for the Year of Assessment 2024.
Individuals with an income below a certain threshold and without ownership of multiple properties typically qualify for the full amount. Citizens who receive Workfare Income Supplement or are part of the ComCare scheme may also automatically qualify for the payment. Permanent Residents and foreigners are not eligible unless they are part of specially approved schemes.
When and How the Payment Will Be Made
The $600 Cost of Living payment will be distributed in the second quarter of 2025, with most eligible recipients receiving their money by direct deposit into their bank accounts.
Those who have not linked their NRIC to PayNow or bank accounts can receive the payout via GovCash at OCBC ATMs. The Ministry of Finance will notify eligible recipients through SMS or letter before the payment is made, and details will also be available on the official government websites.
Why the COL Payment Matters Now
As inflation continues to influence daily expenses, especially in food, housing, and transport, the COL payment serves as an immediate buffer for households feeling the financial pinch.
It not only offers temporary financial relief but also reflects the government’s ongoing efforts to protect the most vulnerable during uncertain economic times. While the amount may not cover all costs, it provides a valuable lifeline for many.