Assurance Package (AP) Seniors’ Bonus
Assurance Package (AP) Seniors’ Bonus
Lower-income senior Singapore citizens will receive cash payments of $600 to $900 through the AP Seniors’ Bonus. The AP Seniors' Bonus will be disbursed over three years, from 2023 to 2025.Disbursement Year 2023:
| Property Ownership | Owns 0 to 1 property | ||||
|---|---|---|---|---|---|
| Assessable Income (AI) | Up to $34,000 | ||||
| Annual Value (AV) of home | Up to $13,000 | More than $13,000, and up to $21,000 | |||
| Disbursement Period | Age of Singaporean in Disbursement Year | 55 to 64 years | 65 years and above | 55 to 64 years | 65 years and above |
| Feb 2023 | 2023 | $250 | $300 | $200 | |
Disbursement Year 2024 and 2025:
| Property Ownership | Owns 0 to 1 property | ||||
|---|---|---|---|---|---|
| Assessable Income (AI) | Up to $34,000 | ||||
| Annual Value (AV) of home | Up to $21,000 | More than $21,000, and up to $25,000 | |||
| Disbursement Period | Age of Singaporean in Disbursement Year | 55 to 64 years | 65 years and above | 55 to 64 years | 65 years and above |
| Feb 2024 | 2024 | $250 | $300 | $200 | |
| Feb 2025 | 2025 | $250 | $300 | $200 | |
| Total (including 2023) | $750 | $900 | $600 | ||
Note:
Individuals who own more than one property are not eligible for AP Seniors’ Bonus.
To receive the AP Seniors’ Bonus, you must fulfil the following criteria:
i. You must be a Singapore citizen residing in Singapore;
ii. You must be aged 55 and above in the disbursement year;
iii. Your Income Earned in (Disbursement Year – 3) (i.e. Assessable Income (AI) for the Year of Assessment (YA) of Disbursement Year – 2) must not exceed $34,000. For example, the disbursement in 2024 is based on your Assessable Income for Year of Assessment 2022 (income earned in 2021);
iv. For Disbursement Year 2023, the Annual Value (AV) of your home (as indicated on your NRIC) as at 31 July of the year preceding the Disbursement Year must not exceed $21,000. For Disbursement Year 2024 and 2025, the AV of your home (as indicated on your NRIC) as at 31 July of the year preceding the Disbursement Year must not exceed $25,000; and
v. You must not own more than one property
You may login to the e-services to view your eligibility for AP Seniors’ Bonus. You may also use the Support For You Calculator to find out the estimated benefits you and your household may receive from the Government.
Common terms related to the AP Senior's Bonus's eligibility criteria
| Term(s) | Description |
|---|---|
| Assessable Income (AI) | Your AI is your total income after deducting allowable expenses and approved donations. It includes employment income, trade income, and other income such as rental income.
Based on the sample Notice of Assessment here: Income = $35,000 Donations = $5,000 Assessable income = $35,000 - $5,000 = $30,000 You may visit iras.gov.sg [log in to myTax Portal using your Singpass > Notices/Letters > Individual, select Year of Assessment 2022/2023] to view your Notice of Assessment. |
| Annual Value (AV) | The AV is the estimated gross annual rent of the property if it were to be rented out. It is used to calculate the property tax of your
home. The AV can be found on the property tax bill that the
property owner receives from IRAS each year. To find out your exact AV, you may refer to your property tax bill at iras.gov.sg [log in to myTax Portal using your Singpass > Notices/Letters > Property, select the property address] to check the AV of your residence. |
| Singapore Citizen | Those who hold foreign citizenship will not be eligible for the AP Seniors’ Bonus, regardless of whether they simultaneously hold Singapore citizenship. Please approach the Immigration and Checkpoints Authority (ICA) on issues relating to your citizenship. |