Friday, 5 June 2020

Eligible Singaporeans will receive up to $1,000 payout from 18 June 2020; $3.5 billion given out under Budget 2020 Care and Support Package

June payments form second tranche of Care and Support Package payouts
By Clement Yong, The Straits Times, 5 Jun 2020

Eligible Singaporeans will receive up to $1,000 this month to help them with living costs, under schemes previously announced by the Government.

With the June payout, the total amount given out to Singaporeans, under the Care and Support Package and the Solidarity Payment this year, reaches $3.5 billion.

The second tranche of the cash payout to individuals under the Care and Support Package - $600 or $300, depending on income - will be credited to Singaporeans' bank accounts from June 18, the Ministry of Finance said yesterday.

Parents with at least one Singaporean child aged 20 and under this year will each receive an extra $300, while Singaporeans aged 50 and above will get another $100 in cash.

The $600 or $300 Care and Support Package payout to individuals represents the remainder of the Government's commitment under the scheme, which gives eligible Singaporeans a total of $900, $600 or $300 this year.

A previous $300 was already paid in April as part of the $600 Solidarity Payment, which means those in the higher-income bracket, with assessable income of more than $100,000 last year or who own more than one property, will not receive any further payouts this month.

Deputy Prime Minister Heng Swee Keat said yesterday, ahead of the debate on the Fortitude Budget in Parliament, that the June payouts will total $1.6 billion.

Nearly $100 billion, or close to 20 per cent of Singapore's gross domestic product, has been earmarked under the four Budgets to help Singaporeans tide over what could be the country's worst economic crisis since independence.

Mr Heng said: "Caring for and supporting our people is crucial during this challenging time... I hope this will alleviate the expenditure concerns of our families."

He added that people can consider donating their cash payout to a good cause on fund-raising website

Those who have a PayNow account linked to their NRIC by next Thursday will receive the money on June 18; those without but who had provided their bank account details for receiving government payouts will receive the money on June 25.

The rest will receive the money in stages via cheques between June 30 and July 9, the Finance Ministry said.

The ministry warned people to be vigilant against scammers pretending to be government officials, a type of scam that has seen an increase in recent months.

"The Government does not ask for bank account details over the phone or via e-mail," it said.

More information can be found at this website.

Those with further queries can call 1800-222-2888.

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