Cost Of Living Payment 2024 Singapore. Singaporeans aged 21 and above in 2024 who own no more than one property, and have an assessable income of $34,000 or less for the year of assessment. Singapore will offer a special cost of living payment of up to s$400 ($297) to qualified citizens to help offset inflation, deputy prime minister lawrence wong said on.

To qualify, people must be aged 21. On 16 feb 2024, dpm and finance minister lawrence wong delivered the budget 2024 statement in parliament.