Budget 2025: All you need to know about the eight SG60 goodies, and how to get them
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There will be more in store for hawkers, middle-income workers, and the arts and heritage sector.
ILLUSTRATION: CHNG CHOON HIONG, ADOBE STOCK
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SINGAPORE – Prime Minister Lawrence Wong announced a basket of SG60 goodies in his Budget speech
Everyone will get something – such as one-off SG60 vouchers – to celebrate Singapore’s 60th year of independence.
And special attention is being paid to areas that do not always get as much attention in the Budget, such as sports and the arts, and even hawker culture.
This is an investment to strengthen Singapore’s cultural core and community bonds, PM Wong said.
Here are all eight SG60 goodies at a glance:
1. SG60 vouchers
Who is it for: Singaporeans aged 21 and above.
How much: $800 for those aged 60 and above in 2025, $600 for those aged 21 to 59 in 2025.
When: July. Seniors will get to claim the vouchers first.
How to get: The same way that CDC vouchers are claimed – through RedeemSG via Singpass. If you have trouble getting the vouchers digitally, you can get help at community centres or clubs.
Where to spend: At all businesses that accept CDC vouchers. You can spend half the vouchers at heartland merchants’ stores and hawkers’ stalls, and the other half at supermarkets, as long as they are part of the scheme. The vouchers expire on Dec 31, 2026.
2. Personal income tax rebate
Who is it for: All resident taxpayers. It will mostly help middle-income workers.
How much: 60 per cent rebate for tax payable in the 2025 Year of Assessment, which is for income earned in 2024, capped at $200 per taxpayer.
When: Most taxpayers should get their next tax bills between April and September. The bills will take the rebate into consideration.
How to get: You do not need to do anything. The Inland Revenue Authority of Singapore will compute and grant the rebate automatically if you qualify.
3. SG60 baby gift
Who is it for: Singaporean babies born in 2025.
What is it: A special gift package for SG60 babies. More details will be shared in early March.
4. SG60 rental support for hawkers and stallholders
There will be one-off rental support of $600 for each stall, to recognise the role that hawker centres and markets play in Singapore’s national identity and heritage.
ST PHOTO: JASON QUAH
Who is it for: Hawker centre and market stallholders under government and government-appointed operators.
How much: One-off rental support of $600 for each stall, to recognise the role that hawker centres and markets play in Singapore’s national identity and heritage.
How to get: Stallholders will get details from the relevant government agencies.
5. SG Culture Pass
Who is it for: Singaporeans aged 18 and above.
How much: $100 in credits to be used to buy tickets for eligible local performances, exhibitions and experiences such as learning tours and participatory workshops. This is to foster national pride and identity among Singaporeans.
When: Credits will be valid from Sept 1, 2025, to Dec 31, 2028.
How to get: Details will be released by the Ministry of Culture, Community and Youth.
6. SG60 ActiveSG credit top-up
There will be a one-off $100 ActiveSG credit top-up to encourage sports participation.
ST PHOTO: LIM YAOHUI
Who is it for: Singapore citizens and permanent residents who sign up as ActiveSG members.
How much: A one-off $100 ActiveSG credit top-up to encourage sports participation.
Existing members will get $100 more, while new members will get $200 in credits upon signing up. This is because new members already stand to get $100 in credits from the existing new member initiative scheme implemented in 2014.
When: June
Where to spend: You can use the credits to pay for using ActiveSG facilities, or to offset the cost of taking part in ActiveSG programmes.
7. Measures to encourage philanthropy
Who is it for: The arts and heritage sector, local charitable causes, and those who give to them.
What is it: Every dollar donation made in 2025 to eligible social and community programmes through the Community Chest, President’s Challenge and the Collective for a Stronger Society will be matched with an equivalent dollar through a new SG Gives matching grant.
To encourage sustained giving, donations of $250,000 or more per year over three years will be matched with $1.50 for every dollar.
Programmes that will benefit include KidStart, ComLink+, New Life Stories’ Family Strengthening Programme and 3Pumpkins’ Tak Takut Kids Club.
There will also be a $100 million top-up to the Cultural Matching Fund. This aims to encourage cultural philanthropy by providing dollar-for-dollar matching for cash donations to eligible arts and heritage charities.
The scheme will also be extended for five years, till the end of the 2029 fiscal year.
There will also be a $270 million top-up to the Tote Board’s enhanced fund-raising programme, which has been providing dollar-for-dollar matching support, capped at $250,000 per year per charity for eligible fund-raisers for local charitable causes, since financial year 2020.
This scheme will also be extended for three years till the end of financial year 2027.
The support level for the scheme, which was intended to provide exceptional support for charities during the Covid-19 pandemic, will taper off to pre-Covid-19 levels by financial year 2027. This is to give charities time to adjust their fund-raising plans, the Finance Ministry said.
8. More grants for self-help groups
Who is it for: The Chinese Development Assistance Council, Yayasan Mendaki, the Singapore Indian Development Association and the Eurasian Association.
How much: Another $60 million in grants over five years for self-help groups to improve their programmes and let them better support their communities.
Together with the support announced in Budget 2022 and Budget 2023, the groups would have in total received $18 million in financial year 2025, and $12 million a year from financial years 2026 to 2029.
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