Overview

The Majulah Package aims to provide Singapore Citizens born in 1973 or earlier, especially those born in 1960 to 1973 (“Young Seniors”, currently in their 50s and early 60s), with an additional boost for their retirement. The Majulah Package comprises the following:

(a) Annual Earn and Save Bonus;
(b) One-time Retirement Savings Bonus; and
(c) One-time MediSave Bonus.

Every Singaporean born in 1973 or earlier will receive at least one component of the Majulah Package. The Package will benefit about 1.6 million Singaporeans.

In October 2024, the MediSave Bonus under the Majulah Package was enhanced by $500 to provide added assurance for healthcare.