Silver Support Scheme
The Silver Support Scheme is targeted at the bottom 20% of Singaporeans aged 65 and above who had low incomes through life and who currently have little or no family support.
All elderly Singaporeans will be automatically assessed for their Silver Support eligibility based on three criteria in combination – lifetime wages, housing type, and the level of household support.
Singapore Citizens aged 65 and above will be eligible for Silver Support if they meet all of the following criteria:
- Low lifetime wages - Total CPF contributions* of not more than $70,000 by age 55. Self-employed persons should also have an average annual net trade income of not more than $22,800 when they were between the ages of 45 and 54; and
- Housing type - Live in a 1- to 5-room HDB flat; and does not own, or have a spouse who owns, a 5-room or larger HDB flat or private property or multiple properties; and
- Low household support - Live in a household with a monthly income per person of not more than $1,100.
* Total CPF contributions refers to the total sum in an individual’s Ordinary Account and Special Account, including the amounts withdrawn for housing, education and investment.
CPF Board will automatically review the Silver Support eligibility every year.
Singaporeans aged 65 and above who qualify for Silver Support will receive a notification of their Silver Support eligibility in December of the preceding year.
Those who turn age 65 later in the year will receive their Silver Support payout in advance of the quarter in which they turn age 65, if they meet all the eligibility criteria.