Designed to financially assist senior citizens in Singapore, the Majulah Package was extended to allow eligible persons continued access to its benefits. Originally initiated to support Singaporeans born on or before 1973, the package provides MediSave bonuses, Retirement Savings top-ups, and Earn and Save incentives. With another extension to the deadline, now even more seniors will have time to go ahead to claim their entitlement and look after setting their financial future.
What Is the Majulah Package?
The Majulah Package is a special programme by the government to increase the retirement savings of Singaporeans. The package provides three principal areas of support:
- Earn-and-Save Bonus: Annual top-ups of CPF up to $400-$1,000, helping lower-income seniors build up retirement funds.
- Retirement Savings Bonus: One-time top-ups of up to $1,500 into the CPF to cater to those with CPF savings below the Basic Retirement Sum.
- MediSave Bonus: One-time top-ups of up to $2,000 for the purpose of ensuring that seniors have enough funds to meet their medical expenses.
Deadline Extension and Payment Schedule
More time has been allowed for the application and processing by extending the deadline for the eligible seniors to claim the benefits of the Majulah Package. The first Earn and Save Bonus payments were disbursed in March 2025, with the Retirement Savings Bonus and MediSave Bonus in December 2024.
Who Qualifies for the Majulah Package?
Singaporeans who were born in 1973 and before qualify for at least one of the bonuses automatically, provided that they meet the income and property ownership criteria. This package is targeted at aiding lower-income and middle-income seniors, thereby helping them to survive on provisions for their retirement.
How to Claim Your Benefits
Eligible persons are encouraged to log on to their CPF account statements for confirmation of their bonus payments. Those who have yet to receive their entitlement may also wish to contact the Majulah Package hotline or alternatively visit the official government website.
Conclusion
Extending the deadline for the Majulah Package gives more seniors a chance to secure their financial future with CPF top-ups and healthcare support. With its structured payouts and increased benefits, the package will continue to play an important role in strengthening the retirement security of Singaporeans. Staying updated on eligibility and payment schedules will ensure that beneficiaries claim their entitlements and plan for their financial future.
Also Read: Retirement Age Increasing in Singapore: What It Means for the Workforce