Singapore’s SG60 Financial Aid Scheme: Singapore’s SG60 Financial Aid Scheme is one of the most meaningful initiatives rolled out in 2025 to celebrate the country’s 60th year of independence. Alongside the festivities, the government is offering a valuable support package — the SG60 Relief Vouchers — aimed at helping citizens with rising living costs while boosting local businesses. If you’re wondering how these vouchers work, how much you are entitled to, and how you can make the most out of them, this guide provides a clear, friendly, and detailed explanation that’s easy for everyone to understand, from young students to professionals.
Singapore’s SG60 Financial Aid Scheme
The SG60 Financial Aid Scheme is more than a celebration; it is a meaningful investment in Singapore’s people and economy. The SG60 Relief Vouchers are designed thoughtfully to bring direct relief to citizens while boosting local communities and supporting national resilience. If you’re eligible, embrace this opportunity to make smart, meaningful purchases. Together, we can all help build a stronger, more connected Singapore as we look forward to the next 60 years.
| Feature | Details |
|---|---|
| Eligibility | All Singaporean citizens aged 21 and above as of 2025 |
| Voucher Value | S$600 for ages 21–59; S$800 for ages 60 and above |
| Distribution Date | July 2025 |
| Voucher Validity | Until December 31, 2026 |
| Voucher Usage | 50% at supermarkets, 50% at hawkers and heartland merchants |
| Official Information | SupportGoWhere Portal |
| Additional SG60 Benefits | Tax rebates, cultural credits, family support credits |
The Purpose Behind the SG60 Financial Aid Scheme
The government designed the SG60 Financial Aid Scheme to address two primary goals:
- Provide timely cost-of-living relief to Singaporeans amidst global inflation.
- Strengthen local economies by driving consumer spending at community-level businesses.
According to Deputy Prime Minister Lawrence Wong during his Budget 2025 speech, this initiative is about “celebrating our journey as a nation, and ensuring that the fruits of our progress are shared with every Singaporean.”
Historically, Singapore has successfully used financial aid programs to cushion economic shocks, such as during the 2020 COVID-19 pandemic through the Solidarity Payments. The SG60 Relief Vouchers are another demonstration of Singapore’s commitment to proactive and inclusive economic policies.
How the SG60 Relief Vouchers Work?
The SG60 Relief Vouchers are distributed digitally via the SupportGoWhere portal, although seniors can request printed versions if needed.
Voucher Allocation
- S$600 for Singaporeans aged 21–59
- S$800 for Singaporeans aged 60 and above
Where You Can Spend Them
- 50% at major supermarkets like NTUC FairPrice, Giant, Sheng Siong, and Cold Storage.
- 50% at participating hawker stalls, heartland merchants, and local service providers.
This ensures that spending benefits small businesses directly while making everyday essentials more affordable.
Real-Life Example
Imagine a family of four, where two parents and two adult children each receive S$600 worth of vouchers. Together, they have S$2,400 to spend. Half can be used to stock up groceries for months, while the other half can help them enjoy family meals at hawker centres and support small community shops.
Step-by-Step Guide: How to Redeem and Use Singapore’s SG60 Financial Aid Scheme
1. Check Eligibility
Use Singpass to log into the SupportGoWhere Portal and verify your eligibility.
2. Redeem Vouchers
Eligible citizens will automatically receive digital vouchers in their accounts starting from July 2025. Seniors or those without smartphone access can request for physical vouchers.
3. Spend Smartly
- Prioritize essentials at supermarkets.
- Support local hawkers, bakers, barbers, and other heartland service providers.
- Look out for promotions to stretch the voucher’s value further.
4. Track Usage
Monitor your voucher usage and balance through the portal or the LifeSG app.
Economic Impact of the SG60 Vouchers
According to projections from the Ministry of Finance, the SG60 package is expected to inject over S$1.2 billion into Singapore’s domestic economy between mid-2025 and end-2026.
A report by The Straits Times suggests that every dollar spent locally generates an additional S$1.50 in indirect economic activity, supporting over 10,000 jobs across food, retail, and service sectors.
Economist Dr. Tan Kian Woo noted, “Targeted spending like this ensures that not only does the aid reach individuals quickly, but it also acts as a lifeline for small businesses still recovering from pandemic-era challenges.”
Other Benefits Under the SG60 Package
Beyond vouchers, Singaporeans will also benefit from:
Personal Income Tax Rebates
- 60% rebate for the Year of Assessment 2025
- Capped at S$200 per taxpayer
ActiveSG and SG Culture Pass Credits
- S$100 ActiveSG credits for sports and fitness activities.
- S$100 SG Culture Pass credits to encourage participation in arts, museums, and cultural performances.
Family Support Schemes
- Enhanced CDC vouchers for families
- LifeSG credits for young children to assist with educational expenses
All these efforts aim to promote physical well-being, social engagement, and national pride.
Tips to Maximize Your SG60 Relief Vouchers
- Plan Purchases: Use vouchers for essential items like groceries, school supplies, and daily necessities.
- Support Local: Shop at heartland shops instead of large chains where possible.
- Combine Discounts: Look out for supermarket promotions and special hawker deals.
- Monitor Expiry: Set reminders to use vouchers before December 31, 2026.
Being strategic can stretch the value of your vouchers significantly, helping you save hundreds of dollars over time.
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Frequently Asked Questions (FAQs)
What if I lose access to my digital vouchers?
You can re-login to the SupportGoWhere portal with your Singpass to retrieve your vouchers. Physical voucher losses must be reported immediately.
Are foreigners or PRs eligible?
No, the SG60 Financial Aid Scheme is strictly for Singaporean citizens.
Can my vouchers be converted into cash?
No, the vouchers cannot be exchanged for cash.
Is there a minimum spending amount to use vouchers?
No minimum spending amount is required, but participating merchants may have their own terms.
What happens to unused vouchers?
All unused vouchers will expire on December 31, 2026, and cannot be refunded or extended beyond this date.
Can I donate my vouchers?
At this time, voucher transfers or donations are not allowed as each set is tagged to an individual’s NRIC number for accountability.
