$600 SG60 vouchers for citizens aged 21 to 59, $800 for seniors

Other goodies include credits to encourage sports, cultural participation

- Wong Pei Ting

In July, all Singaporeans aged between 21 and 59 this year will get a one-time $600 handout in the form of SG60 vouchers, while seniors aged 60 and above will get $800.

Announcing this as he laid out a slew of goodies to mark Singapore's 60th year of independence in his Feb 18 Budget speech, Prime Minister Lawrence Wong said the vouchers are to recognise the contributions of all Singaporeans and share the benefits of the nation's progress.

In total, some three million adults will get the SG60 vouchers, the Finance Ministry said in a statement. Seniors will be able to claim them first, followed by other adults.

These vouchers are like CDC vouchers, added PM Wong, who is also the Finance Minister. This means people can claim them digitally on RedeemSG via Singpass.

The vouchers can be used at all businesses that accept CDC vouchers, with half for use at participating supermarkets, and the remainder at participating heartland merchants and hawker stalls.

The SG60 vouchers are estimated to cost the Government a total of $2.02 billion.

Together with a fresh tranche of $800 in CDC vouchers to be given out to Singaporean households in May 2025 and January 2026, which is set to cost the Government some $1.06 billion - handouts for individuals and households are expected to exceed $3 billion in the coming financial year.