KEY HIGHLIGHTS
- SG60 Package rolls out in 2026 with cash payouts, CPF top-ups, and household rebates.
- Lower- and middle-income families, seniors, and SMEs receive higher support amid inflation.
- No application required for most benefits; ensure PayNow-NRIC and CPF details are updated.
Singapore’s SG60 Package marks the nation’s 60th year with targeted financial support to address cost pressures and strengthen long-term stability. The measures combine immediate relief with retirement and workforce support.
SG60 Package Overview (2026)
| Support Area | What to Expect | Who Benefits |
|---|---|---|
| Cash Payouts | Direct cash credited automatically | Individuals & families |
| CPF Support | RA and MediSave top-ups | Seniors & retirees |
| Household Rebates | U-Save and S&CC rebates | HDB households |
| Workforce Support | Training and reskilling subsidies | Workers in transition |
| SME Relief | Tax and productivity support | Small businesses |
What Is the SG60 Package?
The SG60 Package is a broad-based government support framework designed to provide cost-of-living relief, strengthen retirement adequacy, and support workers and businesses during economic adjustments. Unlike one-off assistance, SG60 combines multiple schemes to deliver sustained impact.
Key SG60 Measures in 2026
1. SG60 Cash Payouts
Eligible Singaporeans receive automatic cash payouts, with higher amounts for lower- and middle-income households and seniors aged 55 and above. Payouts help offset daily expenses such as food, transport, and loan repayments.
2. CPF Top-Ups and Retirement Support
CPF enhancements under SG60 focus on long-term security:
- CPF Retirement Account top-ups for seniors
- Enhanced CPF LIFE payouts for eligible retirees
- MediSave top-ups for healthcare needs
These measures strengthen lifelong income and reduce healthcare out-of-pocket costs.
3. Utilities and Cost-of-Living Rebates
HDB households receive expanded rebates, including:
- U-Save utility rebates
- Service & Conservancy Charges (S&CC) rebates
When combined with existing CDC and GST Voucher schemes, these rebates reduce monthly expenses.
4. Support for Workers and Job Seekers
SG60 complements workforce initiatives by supporting:
- Mid-career reskilling
- Older workers remaining employed
- Professionals affected by restructuring
Support includes training subsidies, skills allowances, and job placement assistance.
5. Business and SME Support
SMEs facing higher costs benefit from:
- Temporary tax rebates
- Productivity and digitalisation grants
- Wage offset schemes
These measures improve cash flow and encourage reinvestment.
How SG60 Fits Into Your Financial Planning
Using Cash Relief Wisely
SG60 payouts are best used to:
- Reduce high-interest debt
- Build emergency savings
- Make voluntary CPF top-ups
- Pay insurance premiums fully
Managing Loans and Mortgages
With interest rates still elevated in 2026, SG60 support can ease repayments on HDB loans, bank mortgages, and personal loans.
Healthcare and Insurance Planning
MediSave top-ups can be combined with Integrated Shield Plans and CareShield Life supplements to manage rising healthcare costs.
Why This Matters
The SG60 Package addresses immediate financial strain while reinforcing long-term resilience. By balancing cash relief with CPF and workforce support, it helps households and businesses remain stable without encouraging dependency. For Singaporeans, timely preparation ensures no benefit is missed.
[Link to Official Source – Apply Here]
Who Benefits Most?
- Lower- and middle-income households
- Seniors and retirees
- Families with children
- Workers in transition
- SMEs facing cost pressures
Most Singaporeans receive some form of support, either directly or through rebates.
Frequently Asked Questions
Is the SG60 Package taxable?
No. SG60 payouts, rebates, and CPF top-ups are not subject to income tax.
Do I need to apply?
Most benefits are credited automatically if your records are updated.
How are payouts received?
Via PayNow-NRIC, GIRO, or CPF-linked accounts.
Can SG60 payouts be used for CPF top-ups?
Yes. This is a prudent long-term planning option.
Does SG60 replace GST Vouchers?
No. It complements existing schemes.
Conclusion
The SG60 Package in 2026 provides relief today while reinforcing stability for the future. Used thoughtfully, these measures help Singaporeans manage current pressures and strengthen long-term financial security.