Singapore Budget 2020

Unity budget, resilience budget, solidarity budget — summarised.

For more information on Budget 2020, visit www.singaporebudget.gov.sg.

last updated 8 Apr 2020 5:00pm (changelog)

Families

1. Care & Support - Cash

All Singaporeans aged 21 years and above in 2020 will receive a one-off cash payout depending on their income.

Assessable Income for 2019 ↓ Care and Support - Cash Solidarity payment Total payment amount
$0 to $28,000 $900 + $300 $1200
($600 in Apr 2020, $600 in Jun 2020)
$28,001 to $100,000 $600 + $300 $900
($600 in Apr 2020, $300 in Jun 2020)
More than $100,000
OR
Own more than one property
$300 + $300 $600
($600 fully paid in Apr 2020)

Read more about the Care and Support Package.

2. Additional payments for parents and seniors

What is it Who is eligible Payment amount
Care & support - cash (for parents) Parents (with at least 1 Singaporean child under 21 years old) +$300 (on top of the above mentioned)
PAssion card top-up Seniors (50 years old and above) +$100 (on top of the above mentioned)

$300 cash payment for each Singaporean parent with at least 1 Singaporean child aged 20 and below in 2020.

All Singaporean seniors aged 50 and above will receive $100 PAssion Card Top-up in cash.

No need to apply

Eligible recipients will receive letter notifications by June 2020.

Read more about the PAssion Card Top-up.

3. GST voucher - U-Save Special Payment

All eligible HDB households will receive double their regular GST voucher in 2020 through a one-off GST — U-Save special payment.

Eligible larger households (with 5 or more members) will receive an additional GST U-Save Rebate.

HDB Flat ↓ Regular GSTV – U-Save GSTV – U-Save Special Payment Additional GST U-Save Rebate for larger households
1- and 2- room $400 + $400 + $200
3- room $360 + $360 + $180
4- room $320 + $320 + $160
5- room $280 + $280 + $140
Executive/ Multi-generation $240 + $240 + $120

Read more about the GST Voucher 2020 budget announcements.

4. Enhanced grocery vouchers (resilience budget)

For Singaporeans living in 1- or 2- room flats, they can receive:

  • $300 grocery vouchers in 2020
  • $100 grocery voucher in 2021

The vouchers can be used at NTUC Fairprice, Giant and Sheng Shiong supermarkets.

Eligible citizens will be given the 2020 Grocery Vouchers in October and December 2020. More details will be announced at a later date.

Lower-income workers

1. Workfare Special Payment

For lower-income workers and self-employed persons (SEP), you can get:

  • 2 cash payouts of $1500 each in July and October 2020.

No need to apply

Eligible recipients will be notified and paid automatically by the CPF board.

Eligibility

You must have received the Workfare Income Supplement (WIS) in 2019.

2. NTUC Care fund (Covid-19)

For low- or middle- income union members, you can get a:

  • one-off relief of up to $300.

Read more about the NTUC Care Fund (Covid-19).

Unemployed

1. Temporary relief fund (From April 1 to 30)

For people who lost their jobs or faced an income loss of at least 30% due to Covid-19, you can get a one-time assistance of $500.

Eligibility

To get the Temporary relief fund, you must:

  • be a Singapore citizen/PR
  • have lost your job or income after 23 Jan 2020 when COVID-19 first occurred in Singapore
  • not be on ComCare assistance
  • have a household income of $10,000 and below OR a per capita household income of $3,100 and below before your income/employment was affected

How to apply

You can apply online at go.gov.sg/temporary-relief-fund.

Alternatively, you can also contact your nearest:

Read more about the temporary relief fund.

2. Covid-19 Grant (From May 1)

For employees who lost their jobs due to Covid-19, you can get:

  • a cash grant of $800 per month, for 3 months
  • employment and/or training support with Workforce Singapore or e2i

Eligibility

To get the Covid-19 Grant, you must:

  • be a Singapore citizen/PR
  • be 16 years old and above
  • not be on ComCare assistance
  • have a household income of $10,000 and below OR a per capita household income of $3,100 and below prior to unemployment

How to apply

Contact your nearest:

Read more about the Covid-19 Grant.

Self-employed

All self-employed persons can defer their income tax payment for 3 months for May, Jun and Jul 2020. Read more at the IRAS website.

1. Self-employed person income relief scheme (SIRS)

For Singaporean self-employed persons (SEP), you can get:

  • cash payouts of $3000 in May, Jul and Oct 2020

No need to apply

Eligible recipients will be notified and paid automatically by the CPF board.

Eligibility

To get SIRS, you must:

  • have started work as an SEP on or before 25 Mar 2020
  • have no employee income
  • have a net trade income of $100,000 and below
  • live in a property with annual value of $21,000 and below
  • own only 1 property

For married self-employed persons, the following criteria applies:

  • both you and your spouse together only own 1 property
  • the assessable income of your spouse should be $70,000 and below

Read more about SIRS on the MOM website.

2. SEP Training Support Scheme

For self-employed workers who wish to go for skills training during this time, they can sign up for courses in the Skillsfuture Series and get:

  • an enhanced training allowance rate of $10 per hour

NTUC union members who are self-employed can also enjoy additional training allowance.

3. Automatic deferment of Income Tax payments

For self-employed workers, your Income Tax payments due in May, June and July 2020 will be postponed to Aug, Sep and Oct 2020 respectively.

Original due date Postponed to
May 2020 Aug 2020
Jun 2020 Sep 2020
Jul 2020 Oct 2020

No need to apply. This is an automatic deferment.

Business owners

1. Job support scheme (JSS)

For Apr 2020 (Solidarity Budget)

To help save jobs, the government will pay 75% of the first $4,600 of gross monthly wages for each employee.

This only applies to employees who are Singapore citizens or Permanent Residents (PR).

From May 2020 onwards (Resilience Budget)

The government will pay either 25%, 50%, or 75% wage support for each local employee (Singapore citizen or PR), depending on the industry sector.

Industry sector Wage support
Aviation and tourism 75% of the first $4,600 of gross monthly wages per local employee
Food services 50% of the first $4,600 of gross monthly wages per local employee
All other sectors 25% of the first $4,600 of gross monthly wages per local employee

Read more about the Job support scheme (JSS) at the IRAS website.

2. Property tax rebate

There will be:

  • 100% rebate for qualifying commercial properties (hotels, serviced apartments, tourist attractions, shops and restaurants)
  • 60% rebate for the Integrated Resorts
  • 30% for other non-residential properties

Landlords are required by law to pass on the rebates to their tenants.

Read more about Property tax reliefs at the IRAS website.