The Bicentennial Bonus is a way to share Singapore's financial surpluses and provide additional support for lower-income Singaporeans

The Bicentennial Bonus has several components, including

  • a GST Voucher - Cash (Bicentennial Payment) of $300 for lower-income Singaporeans
  • a Workfare Bicentennial Bonus in cash
  • CPF top-ups
  • Edusave top-ups, and
  • Top-ups to Post-Secondary Education Accounts
  • There will also be a 50% Personal Income Tax Rebate, capped at $200.

The graphic below shows how one component of the Bicentennial Bonus will benefit 300,000 older Singaporeans.

For more Budget news, visit www.singaporebudget.gov.sg

CPF_1K_Topup