Singapore Earn and Save Bonus: Eligibility, Amounts & Dates

Few things bring more relief than knowing your retirement savings get a regular boost without any paperwork – for older working Singaporeans, the Earn and Save Bonus is exactly that, an annual CPF top‑up that lands automatically, no claim needed. Part of the government’s Majulah Package, the first payment arrives in March 2025, and here’s what you need to know to see if you qualify and how much you can expect.

Annual bonus range: $400 – $1,000 ·
Eligible age: 55 years and above ·
Income criteria: Average monthly income $500 – $6,000 ·
Property value ceiling: Annual Value (AV) ≤ $31,000 ·
First payment: March 2025 ·
Disbursement frequency: Annual, every March

Eight details, one pattern: the Earn and Save Bonus is a recurring, income‑tied top‑up with clear fixed brackets.

Who is eligible for earn and save bonus in Singapore?

Age and citizenship requirements

• Must be a Singapore citizen aged 55 and above (born in 1973 or earlier) (GovBenefits Singapore)
• Assessed annually — in 2025, those born in 1973 or earlier qualify (MOM)

Income and property value limits

• Average monthly income from work between $500 and $6,000 (MOM)
• Residence must have an Annual Value (AV) of $31,000 or less (GovBenefits Singapore)
• You must own not more than one property (GovBenefits Singapore)
• No application needed – eligibility is assessed automatically (GovBenefits Singapore)

The implication: this isn’t a handout you chase — the government checks income, property, and age each year and credits your CPF if you meet the bar. For seniors who stop working or whose income drops, the bonus adjusts accordingly.

The pattern: eligibility is determined automatically, so seniors only need to ensure their income and property data are accurate.

Who qualifies for the new senior bonus?

Connection to the Earn and Save Bonus

• The “new senior bonus” refers to the Earn and Save Bonus under the Majulah Package (MOM)
• Same eligibility criteria as the Earn and Save Bonus (GovBenefits Singapore)
• Targets lower- to middle-income seniors aged 55 and above (MOM)

Overlap with other senior schemes

• Separate from the Silver Support Scheme, which provides quarterly payouts to low-income seniors (CPF Board)
• Can be received alongside the Matched Retirement Savings Scheme (MRSS) — which gives up to $2,000 per year in matching grants (CPF Board)
• Both ESB and MRSS are automatic or easy to opt into

Why this matters: the ESB is not a standalone mystery — it’s one of several coordinated boosts under the Majulah Package. Seniors can stack it with MRSS without extra effort.

How much Earn and Save Bonus can I receive?

Bonus tiers

• $1,000 for average monthly income $500 – $2,500 (MOM)
• $700 for income above $2,500 up to $3,500 (MOM)
• $400 for income above $3,500 up to $6,000 (MOM)
• A concessionary $400 also available for qualifying persons with disabilities and certain caregivers (GovBenefits Singapore)

Eight income brackets, one pattern: the lower your income, the higher the bonus — a deliberate tilt toward those with the least.

The implication: timing matters – current year income shifts future bonus amounts.

When is the Earn and Save Bonus disbursed?

First payment in March 2025

• The first disbursement is scheduled for March 2025 (MOM)
• Credited automatically into the CPF Ordinary Account (or Special/Retirement depending on savings set aside) (GovBenefits Singapore)

Annual schedule

• Recurring payment every March thereafter (MOM)
• Notifications sent via SMS in April after crediting (MOM)
• Each year’s amount based on income from the preceding Year of Assessment (GovBenefits Singapore)

The takeaway: set a calendar reminder for March — the bonus lands like a salary top‑up, no action required. For retirees with irregular income, the annual assessment means one year’s dip can lead to a higher bonus the next.

Will Singaporeans get $600?

$600 Assurance Package cash payout

• The $600 often mentioned refers to the Assurance Package cash payout for eligible adult Singaporeans (Singapore Budget website)
• Separate from the Earn and Save Bonus — both are part of broader government support

Difference from Earn and Save Bonus

• ESB is paid annually into CPF; Assurance Package payouts are direct cash per citizen (MOM)
• ESB is targeted at working seniors aged 55+; Assurance Package is for all adult citizens

And the $600 voucher? That’s the SG60 package — also a separate initiative. The Earn and Save Bonus is not a voucher; it’s a CPF credit. For the SG60 voucher, eligible Singaporeans can claim it through the official portal — but the ESB requires zero action.

The pattern: don’t confuse the $600 cash with the ESB tiers. They coexist, but only the ESB recurs annually based on work income.

Timeline signal

• March 2025 — First Earn and Save Bonus disbursement for eligible seniors (MOM)
• March 2026 — Second annual disbursement (amount adjusted if income changes) (GovBenefits Singapore)
• Annually every March — Recurring bonus credited to CPF (MOM)

“The Earn and Save Bonus is credited automatically to eligible citizens’ CPF accounts in March 2025.”

— Ministry of Manpower, press release 20 March 2025 (MOM)

The implication: set a calendar reminder for March — the bonus lands like a salary top‑up, no action required.

Confirmed facts

• Eligibility criteria published on govbenefits.gov.sg — accessible to all (GovBenefits Singapore)
• Amounts are fixed tiers $400–$1,000 based on income (MOM)
• First payment in March 2025 confirmed by MOM press release (MOM)
• Automatic disbursement without application (GovBenefits Singapore)

The pattern: these facts are well-documented and unchallenged across official sources.

What’s unclear

• Whether amounts will be adjusted for inflation in future years
• Exact income data used for 2026 tiers (based on 2025 earnings?) — GovBenefits states “based on YA 2025”
• Impact of change in residence AV after eligibility check
• Whether the property value ceiling will be revised in subsequent years

The catch: these unknowns mean seniors should monitor official announcements annually.

“Eligible working seniors receive an ESB of $1,000, $700, or $400 depending on average monthly income.”

— Ministry of Manpower, press release (MOM)

“For the 2026 ESB assessment, it is based on income in YA 2025 and AV/property ownership as at 30 November 2025.”

— GovBenefits Singapore (GovBenefits Singapore)

“The CPF Matched Retirement Savings Scheme gives eligible seniors a matching grant of up to $2,000 per year, with a lifetime limit of $20,000.”

— CPF Board (CPF Board)

The Earn and Save Bonus is a structural shift from one‑off payouts to a recurring, automatic retirement supplement. For the working senior in Singapore earning $2,000 a month, the annual $800 boost — combined with MRSS — can meaningfully pad retirement savings without lifting a finger.

Related reading: Singapore Senior Citizen Bonu Eligibility 2025-2026: Who? · Gov Payout Dec 2025: Singapore Assurance Package Cash Guide

Eligible seniors can also check the Senior Bonus Payment 2025 for additional payouts that complement the Earn and Save Bonus.

Frequently asked questions

The takeaway: these answers clarify common confusion and confirm the bonus’s automatic nature.

For the Singaporean senior who works and earns under $6,000 a month, the choice is clear: make sure your CPF records are correct, and let the annual bonus do its job — or explore how stacking it with the Matched Retirement Savings Scheme can double the impact on your retirement nest egg.