Check the important details about the COL Special Payment 2024 Amount, Eligibility, Payment Dates and Form here. The disbursement of the COL Payments is around the corner. The candidates who wish to be part of this payout need to check the legality and other requirements to receive the payment. Read the article to get the complete details about the COL Special Payment.
COL Special Payment 2024
The government has enhanced the cost of living in the 2024 budget. As per the latest updates, the assurance package has been enhanced. These amounts are increased in order to cope with the increased expenditure and the cost of living. The government has released the funding of $1.9 billion for the payouts.
As part of the updated payouts, candidates above the age of 21 will receive the amount as a one-time payment. This payment ranges from $200 to $400 based on the circumstances of the candidates. this also includes the income and the property owned by the individuals. As part of this updated cost of living, the claimant with the specified ownership are eligible to receive certain payment.
COL Special Payment Eligibility
The Assurance package is the funding provided for the welfare of the individuals. The candidates who are struggling to meet their expenditures are eligible to receive this pay. Many changes have been made to the Assurance package. These changes are made in order to provide more accessibility to the infidels across the country. With the increased inflation, unemployment has also increased. The enhancement of this package was the mandatory factor to be considered.
The eligibility criteria for the Assurance package have also been updated. The candidates need to have a country’s residential history. They must follow the age limit of being above 21 years old. The useable income of the infidels is the mandatory factor when considering the application. The threshold limit for the candidates would be less than $100,000. They should not have more than one property under their name.
COL Special Payment Amount
The eligible candidates need not worry about the HBD household savings and the one-off COL U-save for the months of April, July, October, and January. They would receive the total utility as a paycheck. For the financial year 2924, the total amount of $950 will be generated as the U-Save amount. The amount of the U-Save depends upon the type of residency owned by the individual. The table below shows the summary of the amount to be released from the type of residency.
| Disbursement month | HBD Flat Type | 1 and 2 room | 3 room | 4 room | 5 room | Executive and multi Generation |
| April 2024 | GST U SAVE | $95 | $85 | $75 | $65 | $55 |
| B2024 COL U SAVE | $95 | $85 | $75 | $65 | $55 | |
| July 2024 | AP U SAVE | $95 | $85 | $75 | $65 | $55 |
| B2024 COL U SAVE | $95 | $85 | $75 | $65 | $55 | |
| GST U SAVE | $95 | $85 | $75 | $65 | $55 | |
| October 2024 | GST U SAVE | $95 | $85 | $75 | $65 | $55 |
| B2024 COL U SAVE | $95 | $85 | $75 | $65 | $55 | |
| January 2024 | GST U SAVE | $95 | $85 | $75 | $65 | $55 |
| AP U SAVE | $95 | $85 | $75 | $65 | $55 | |
| B2024 COL U SAVE | $95 | $85 | $75 | $65 | $55 | |
| Total | $950 | $850 | $750 | $650 | $550 |
The B2024 includes the additional $20 from the U-save per quarter from the $1.1 billion COL Package, as announced in September 2023. This $20 is issued to the coper to cover the increased carbon and water tax prices.
COL Special Payment Dates
Singaporean households who are eligible to receive the rebates for the offsets will be considered to have the same amount as the paychecks. These amounts are distributed within 2 to 4 months of the time duration. The amount is to be disbursed over the duration of April 2024 to January 2025.
This also includes the additional 0.5 months of the S&CC rebate that is to be released in the initial month of next year. The rebates are generally released in the quarters. These are considered to be disbursed in the 4 months of the time frame, including January, April, July, and October, which are the specified months for the deposits. The rebates depend upon the type of residency. The table below shows the type and the duration of the rebates.
| HBD Flat Type | Number of months of S&CC Rebate in FY2024 | ||||
| April 2024 | July 2024 | October 2024 | January 2024 | Total for FY2024 | |
| 1 and 2 room | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 |
| 3 and 4 room | 1.0 | 0.5 | 0.5 | 1.0 | 3.0 |
| 5 room | 0.5 | 0.5 | 0.5 | 1.0 | 2.5 |
| Executive and multi-generation | 0.5 | 0.5 | 0.5 | 0.5 | 2.0 |
The number of S&CC rebates in the month of January 2025 includes the B2024 Cost of Living as well. The fixed date for the disbursement of the rebates has not been declared. However, the amounts are generally deposited by the start of the month.
COL Special Payment Form
The flats that are partially rented out or not rented out should have at least one member of the owner recording in the building; this is required to make the property eligible for payment. if the complete hose is entered, the tenant is required to have a Singaporean tenant. The owner having more than one property is not eligible for the payouts.
No additional applications are required to receive the payout. Candidates who are regular receivers of the deposit are eligible for automatic payments. If there are further queries, the candidates can ask the question on the leading panel.
Ruth Alba is a dedicated writer with a passion for creating original, insightful content. With a focus on delivering plagiarism-free work, he brings clarity and creativity to each piece. His work reflects a commitment to integrity, originality, and engaging storytelling that resonates with readers.