The Assurance Package (AP) in Singapore encompasses various components designed to provide financial assistance and support to lower- and middle-income individuals. As of my last update in early, the criteria for the Assurance Package typically include the following aspects:
- Citizenship:
- Must be a Singaporean citizen.
- Age:
- Generally targeted at individuals aged 21 and above.
- Annual Assessable Income:
- The AP aims to assist lower- and middle-income individuals. Eligibility is often determined based on an individual’s or household’s annual assessable income.
- Income thresholds may vary from year to year. Those with an annual assessable income up to a specific threshold, such as $28,000, may qualify.
- Property Ownership:
- Individuals who own more than one property might not be eligible for the full benefits or cash payouts under the Assurance Package.
- Marital Status:
- For married individuals, the combined annual assessable income of both spouses is considered.
- Other Government Support Schemes:
- Eligibility for certain components of the Assurance Package might involve being eligible for other government support schemes such as the GST Voucher, Workfare Income Supplement (WIS), or other targeted assistance programs.
- Specific Conditions or Groups:
- There might be additional considerations for specific groups such as seniors, retirees, individuals with disabilities, or those facing financial hardships.
It’s essential to note that the specific criteria for the Assurance Package components can change from year to year based on government policies, budget allocations, and economic conditions. The income thresholds, eligibility criteria, and the components included in the Assurance Package may be subject to updates and adjustments.
For the most current and detailed information about the eligibility criteria, income thresholds, and specific components included in the Assurance Package, individuals are encouraged to refer to official government sources such as the Singapore Ministry of Finance or the Central Provident Fund (CPF) Board’s websites. These sources provide comprehensive information about government assistance schemes and any updates or changes in eligibility criteria and benefits.