Personal Finance
Worried About Your Parents’ Retirement? You Might Want To Take A Look At HDB’s Silver Housing Bonus Scheme!
By Seedly  •  November 7, 2019

Maybe this isn’t something that you are likely to discuss with your circle of friends, but worrying about our parents’ retirement is a common issue…

Or worse, you’ve just started planning for your retirement and you’re worried that you might not have enough to sustain your daily needs in the future?

Erm, have you even started planning? 

Apart from the HDB Lease Buyback Scheme, the Housing & Development Board (HDB) has another trick up its sleeve to help supplement the retirement income for yourself or your parents.

TL;DR – The Ultimate Guide To Silver Housing Bonus (SHB) Scheme

Hang on, don’t get too excited!

There are some conditions you need to meet before you are eligible for SHB.

Criteria Eligibility Age & Citizenship At least one owner is a Singapore Citizen aged 55 or above Income Gross monthly household income is within $14,000 Existing Property HDB flat (met...
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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