Singaporeans aged 21 and above residing in the city-state can receive the payment, with the amount depending on their assessable annual income and the number of properties they owned, according to the scheme’s official website.

Those who own more than one property will qualify for S$100, regardless of income.

Those who own no more than one property will receive S$250 if their assessable income is S$39,000 or less, S$150 if it is between S$39,001 and S$100,000, and S$100 if it exceeds S$100,000.

The funds will be credited to recipients’ PayNow-NRIC-linked bank accounts by Dec. 8 or their provided bank accounts by Dec. 17, while those with neither will be paid via GovCash by Dec. 24.

The upcoming payout marks the final disbursement under the enhanced Assurance Package scheme, which was announced in the 2023 national budget, the city-state’s Ministry of Finance said in a press release on Tuesday.

The package was designed to “help defray living expenses for Singaporean households, and provide more support for lower- to middle-income families,” the ministry said.

The cash payouts have been disbursed to eligible Singaporeans every December since 2022, with last year’s payments ranging from S$100 to S$600 per recipient.

Eligible Singaporeans would have received up to S$2,250 in Assurance Package cash over the five years between 2022 and 2026.