What is the silver support scheme?
I've heard that Singapore offers a silver support scheme for the elderly. Who is the silver support scheme actually for? How do I get the silver support scheme? What are the eligibility for the scheme? Can non-Singaporeans also be registered to the Silver support scheme that is offered by the country? Can all the elderly be part of the scheme?
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The program supports the elderly who had low incomes through life and now have little or no family support. The Silver Support Scheme is targeted at the bottom 20% of Singaporeans aged 65 and there is no need to register. To be eligible, you must be a Singapore citizen who is 65 and above, and must meet all of the criteria: Total CPF contributions of not more than $70,000 by age 55, Self-employed persons must have a yearly net trade income of not greater than $22,800 when you were between the age of 45 and 54, live in an HDB flat that is 5-room or smaller, not own and or have a spouse who owns a 5-room or larger HDB flat or private, live in a household with a monthly income of not more than $1,100.