To address rising living costs and support the well-being of elderly citizens, the Singapore government has enhanced the Silver Support Scheme for 2025.
Under this initiative, eligible seniors will receive up to S$1,080 per quarter, making it one of the most impactful financial aids for low-income retirees in the country.
This article outlines everything you need to know about the S$1,080 Old Age Payment, including eligibility criteria, payment dates, how to receive the funds, and important updates for the year 2025.
What is the S$1,080 Old Age Payment?
The Silver Support Scheme is a long-standing national assistance program that provides quarterly cash payouts to seniors with lower lifetime earnings and limited retirement savings.
In 2025, the scheme has been updated to offer a maximum quarterly payment of S$1,080, benefiting nearly 290,000 elderly citizens across the country.
This boost in payout aims to reduce financial inequality and uplift the quality of life for Singapore’s aging population.
Overview of the S$1,080 Payment Scheme
| Details | Information |
|---|---|
| Scheme Name | Silver Support Scheme |
| Payment Amount | Up to S$1,080 quarterly |
| Frequency | Every 3 months (quarterly) |
| Eligible Age | 65 years and above |
| Citizenship | Singaporean |
| Payout Dates (Expected) | First payout: March 2025 |
| Payment Channels | GovCash, PayNow (linked to NRIC), Bank |
Eligibility Criteria for the S$1,080 Payment
To receive this quarterly payment, seniors must meet all of the following government-defined eligibility conditions:
- Age: Must be 65 years or older by 2025
- Citizenship: Must be a Singapore citizen
- CPF Contributions: Lifetime CPF contributions should be less than S$140,000 by age 55
- Housing Type: Must reside in 1- to 5-room HDB flats; private property residents are not eligible
- Household Income: Monthly household income per person must not exceed S$2,300
Eligibility is automatically assessed based on CPF and income tax records. Seniors typically do not need to apply unless they were not automatically evaluated.
How and When Will Payments Be Made?
Quarterly payments under the scheme are expected to begin in March 2025, continuing every three months. The exact payout schedule will follow:
- 1st Quarter: March 2025
- 2nd Quarter: June 2025
- 3rd Quarter: September 2025
- 4th Quarter: December 2025
Payment Methods
Seniors can choose their preferred payment channel:
- GovCash: Cash pickup at OCBC ATMs
- PayNow (linked to NRIC): Fast digital payout
- Bank Transfer: Direct deposit to registered bank accounts
To avoid delays, recipients are encouraged to link PayNow to their NRIC.
Government’s Commitment to the Elderly
The enhancement of the Silver Support Scheme highlights the government’s ongoing commitment to social equity, especially for those who helped build the nation during its developmental years.
This S$1,080 quarterly payout ensures that elderly citizens can retire with dignity, receive the care they deserve, and meet essential living expenses without strain.
The S$1,080 Old Age Payment for 2025 is a meaningful step towards ensuring financial security and respect for senior citizens in Singapore.
By automatically identifying eligible seniors and offering reliable quarterly payments, the Silver Support Scheme continues to promote an inclusive, age-friendly society.
Seniors are encouraged to review their eligibility and set up their payment preferences to receive timely support as the new financial year unfolds.
FAQs
Do I need to apply for the S$1,080 Old Age Payment in 2025?
No, most eligible seniors are automatically assessed. If you are not notified, you can apply through CPF or local service centers.
When will the first payment be made?
The first payout is scheduled for March 2025, followed by quarterly payments in June, September, and December.
Can seniors in private housing qualify for this payment?
No, only residents living in 1- to 5-room HDB flats are eligible.