SG60 Financial Support Package Launches in Singapore — What Employees and Pensioners Should Know

Singapore’s SG60 Package Brings Relief to Citizens As Singapore marks its 60th year of independence, the government has introduced the SG60 Package to help residents cope with rising expenses. Prime Minister Lawrence Wong announced this initiative during the Budget 2025 presentation as a way to distribute national prosperity among citizens. The package includes digital vouchers that people can use for everyday purchases along with tax rebates and additional financial support. Nearly all Singaporeans will receive some form of assistance through this program. The government designed these benefits to address the growing cost of living that many households face. The SG60 Package represents more than just financial aid. It serves as a gesture of appreciation to citizens & aims to strengthen the sense of community across the nation. By providing practical support through vouchers and rebates the program helps families manage their daily expenses more easily. This comprehensive approach ensures that the benefits of Singapore’s economic success reach ordinary citizens during this milestone year. The government hopes these measures will ease financial pressures while celebrating six decades of national progress.

SG60 Financial Support Package Launches in Singapore
SG60 Financial Support Package Launches in Singapore

Celebrating a Milestone by Strengthening Communities

The SG60 Package presents itself as a meaningful blend of national celebration and practical support, firmly rooted in Singapore’s social foundation. Introduced in 2025, it became part of the country’s collective memory by recognising citizens of all ages who have contributed to Singapore’s progress over 60 years. With an allocation of S$2 billion under the voucher hongbao scheme, the package aimed to reach nearly three million adults. Distribution continued until around December 2025, and by July 2025, support had largely been disbursed at a time when household costs—especially utilities and groceries—were rising sharply.

Strengthening Communities
Strengthening Communities

Meaning and Purpose of SG60 Vouchers

The “SG60” vouchers symbolise the government’s acknowledgement that citizens deserve recognition and support during challenging times. These vouchers provide households with the flexibility to make everyday purchases, whether at neighbourhood hawker centres or major supermarkets, benefiting Singaporeans across all age groups. Looking ahead to 2026, the trust built through this initiative is expected to strengthen public confidence while simultaneously encouraging positive economic activity within local marketplaces.

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Benefit Eligibility Amount/Value Details/Timeline
SG60 Vouchers Singapore Citizens aged 21+ in 2025 $600 (21-59); $800 (60+) Digital; half for heartland merchants/hawkers, half for supermarkets; claimed via RedeemSG/Singpass in July 2025; valid until 31 Dec 2026
Personal Income Tax Rebate All tax residents 60% rebate, capped at $200 For Year of Assessment 2025 (income 2024); automatic
SG60 Baby Gift Singaporean babies born in 2025 Special gift pack 10 curated items; delivered via hospitals
SG60 ActiveSG Credits ActiveSG members $100 credits For sports facilities and activities
SG60 Vouchers
SG60 Vouchers

Overview of Key Benefits

The SG60 Package was designed with a focused approach, directing relief according to different stages of life. Benefits were structured to ensure that support reached individuals and families where it was most needed, while still maintaining a balanced and sustainable framework. This approach ensured that assistance was not uniform, but responsive to varied household circumstances.

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How the Package Eases Daily Pressures

Rising living costs placed significant strain on many households in 2025, and the SG60 Vouchers offered immediate financial relief. The allocations were deliberately split to maintain balance: one portion supported small hawkers and neighbourhood shops, helping sustain local economies, while the other covered essential spending at larger retail chains. In addition, tax reductions helped ease pressure on middle-income earners, newborn gifts reflected national support for young families, and ActiveSG credits encouraged healthier, more active lifestyles amid daily responsibilities.

A Glance Ahead: Moving Towards Unity

As 2025 draws to a close, the SG60 Package leaves behind more than temporary relief. Its lasting impact lies in reinforcing a sense of shared identity and belonging. Singaporeans from diverse backgrounds feel recognised and valued, fostering unity and collective readiness to move forward together into the future.

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