Silver Support Scheme

[fardardinky]

This a quarterly affair for 65yrs n above, to supplement the elderly esp those who less in their RA (from BRS).
The last was Sep, and heard the next is Dec.

My mum usually receives mid month, in advance. So is this fix or up to the banks?

 

[eggie011]

This a quarterly affair for 65yrs n above, to supplement the elderly esp those who less in their RA (from BRS).
The last was Sep, and heard the next is Dec.

My mum usually receives mid month, in advance. So is this fix or up to the banks?

My mum receives the payment around 20/21 of the month. I believe if you have PayNow, you will receive it earlier.

 

[qcubesg]

SSS is only for very very poor elderly who didnt have any proper income in their lifetime, unless their income was not showing up on CPF. Those jobs that didnt give CPF back then, then yah.

 

[viethai]

This a quarterly affair for 65yrs n above, to supplement the elderly esp those who less in their RA (from BRS).
The last was Sep, and heard the next is Dec.

My mum usually receives mid month, in advance. So is this fix or up to the banks?

Check govbenefits website...everything under 1 roof, eligibility and payout date.

 

[hachi]

My mum era alot of homemakers. Not much cpf... She also collecting silver support scheme

 

[stingray1211]

and non of their kids bother to top up their cpf meh ?

or just want to get maximum benefits from government from other tax payers.



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[hachi]

and non of their kids bother to top up their cpf meh ?

or just want to get maximum benefits from government from other tax payers.



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You don't take, others will...
Those kids from a certain group will start getting financial assistance the moment they are born?

 

[ramlee]

and non of their kids bother to top up their cpf meh ?

or just want to get maximum benefits from government from other tax payers.



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Got benefits just take rah

 

[JustForFun]

My mum era alot of homemakers. Not much cpf... She also collecting silver support scheme

Your Mum is a great mother. She puts children and home above everything .

 

[addict951]

This a quarterly affair for 65yrs n above, to supplement the elderly esp those who less in their RA (from BRS).
The last was Sep, and heard the next is Dec.

My mum usually receives mid month, in advance. So is this fix or up to the banks?

My mum receives the payment around 20/21 of the month. I believe if you have PayNow, you will receive it earlier.

My mum era alot of homemakers. Not much cpf... She also collecting silver support scheme

Did your apply for your mum ar?

 

[fanflo_08]

there is a generation of women who are homemakers. They don't work and therefore have zero cpf.
their retirement plan is dependent on their kids, which are having problems getting married, problems with living expenses etc.
many of their kids can barely do much for their elderly parents. heng got this silver support scheme.

 

[Lchlch]

This a quarterly affair for 65yrs n above, to supplement the elderly esp those who less in their RA (from BRS).
The last was Sep, and heard the next is Dec.

My mum usually receives mid month, in advance. So is this fix or up to the banks?

I dnt know single parent hv nor not.

 

[buttbERry]

this one is auto or need to apply?

 

[fardardinky]

I guess "very very poor" is subjective. Anyway, yes, b4 my mum has little cpf due to less stable job. Then became a home maker, then restarted her "career" very late; which explains for little cpf.

The scheme participation is auto n doesn't require one to "apply". Also govt will check (maybe via cpf agency) her age, income, housing type and cpf (somewhat I think those under BRS or with contribution under 150k).

Yes, I did some topups to her cpf b4 but alas, I also not rich, so not enough maybe. And yes, the scheme is indeed helpful. At least she can shop abit at JB, to pass time and also "contribute" to the family.

Lastly, there is another scheme by Comcare for those who unprivileged or have financial difficulty and it's as a family unit; which is good, for the nation and community, socially and economically.

So on top of this, for the rest of us, we just earnestly wait for the budget/payouts for 2025 la.

 

[stingray1211]

Got benefits just take rah

typical .. but I would assume their kids would top up parents cpf which will quickly hit BRS ..

for those who hate the government, should not take also . don't be hypocrite about it. it says alot about one's character. like many EDMWer here.


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[diequick]

My 2 cents.
2015 BRS is 80.5k, 2025 payout is 650-700,
2015 FRS is 161k, 2025 payout is1200-1300
Source.

If in 2025, u feel payout is not enough, someone said top-up. Assume growing at 4% (should be more), projected 2025 is 120k, 240k respectively. i.e. In 2025, if you realise BRS payout too little, want to get FRS payout, someone has to top up 120k in 2025 to get 1.2k, so its a 550 to 600 more. Setting aside family dynamics (most have kids 2-3 nia leow).

Would you do it? Assume live till 85, 20 years, you get 120k at age 65. Even it out, Its 6k per year, 500 / mth. While living expenses will go up, retirement expenses doesnt go up in a straight line. I will bet my 2 cents (I poor), most will cheong 65 - 70, maybe 75 (travel insurance and med evac > 70 is ex one).

Top up by all means, my view is same as airline, save urself first, then save others.

Then how? I mentioned in other threads, earn more, pay more tax is progressive, then CPF have more get more is also progressive? Why does the gov want to extend ERS? If > FRS to ERS, cap it to 2.5%, those high income earners, instead of telling the less successful folks to invest/study, they should take their monies out and do likewise. Or they can leave the monies in CPF, take a lower interest, distribute the interest to those who have less.

 

[Ethan_]

and non of their kids bother to top up their cpf meh ?

or just want to get maximum benefits from government from other tax payers.



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Not implying anything but don't know why sound like ASK talk. Like take for granted is have. Most ordinary people the kids when adult the kids also have own family and kids. Thus own money problem. Got give allowance already can laugh. Many go without. Think can top up one are the minority, very minority.

Some more think the money already budgeted out. Use or not also wont give back to the rest. And its part of the social benefits to balance off the rich poor gap. Typical in many places. One of the role of the ruling is to collect tax and redistribute it to where its need the help the lesser, minus its own take for the effort, that is.

 

[ramlee]

typical .. but I would assume their kids would top up parents cpf which will quickly hit BRS ..

for those who hate the government, should not take also . don't be hypocrite about it. it says alot about one's character. like many EDMWer here.


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but they pay tax in various ways too you know

 

[nakata97]

but they pay tax in various ways too you know

and landlord Ramlee pays the most taxes of us all