2.8 million Singaporeans to get SG Bonus in December

Eligible citizens will receive up to $3,002, depending on their assessable income in 2017.

About 2.8 million Singaporeans will receive their SG Bonus by December 2018, the Ministry of Finance (MOF) revealed. They will receive letters from 2 October 2018 onwards informing them of their SG Bonus benefit.

As announced at Budget 2018, the government will be giving a one-off SG Bonus to all adult Singaporeans this year. Eligible citizens will receive up to $3,002, depending on their assessable income (AI) for the Year of Assessment (YA) 2017.

Most citizens will automatically receive their SG Bonus if they had signed up for any other government payout scheme in the past (e.g. Growth Dividends, GST Voucher).

For the small number of citizens who have not signed up, their letter will inform them to do so, MOF added. They will have until 31 March 2019 to sign up online, or through a hard copy form.

“We will be using PayNow as the payment mode for citizens who have registered their NRIC on PayNow as at 7 November 2018,” MOF said.

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