Have you received your “Ang Pow” yet?
Cost of Living (COL) Special Payment will be credited to your account from
2023 COL Special Payment
This is what you can expect to get.
You will be eligible if
- You are a Singaporean aged 21 years old or above in 2023
Your Assessable Income (AI) for Year of Assessment (YA) 2022 is $100,000
or below; and
- You do not own more than one property.
2023 COL Senior’s Bonus
Senior will get an additional bonus, you are eligible for 2023 COL senior’s
- You are a Singaporean aged 55 years old or above in 2023;
Your Assessable Income (AI) for Year of Assessment (YA) 2022 is not
more than $34,000;
The Annual Value of your home (as indicated on your NRIC) must not
exceed $21,000; and
- You do not own more than one property
Check your accounts to see if the funds are in!