Have kids? Don’t leave government benefits idle on the table
Sign up now: Get ST's newsletters delivered to your inbox
Rather than concentrating support around birth, the SG Child Support Package spreads help across the years of raising a child, says the writer.
ST ILLUSTRATION: MANNY FRANCISCO
- Singapore's new SG Child Support Package spreads financial help from birth to age 17, providing nearly $70,000 in direct support for every child starting April 2027.
- Parents should prioritise using restricted funds for healthcare and education expenses, while investing accessible cash gifts and annual Child Credits for long-term growth.
- Families are advised to avoid relying on government support as permanent income, instead using savings and subsidies wisely to build financial resilience and meet changing needs as children grow.
AI generated
SINGAPORE – For years, the Singapore Government’s support for young couples contemplating parenthood has been heavily front-loaded around a child’s birth, from the Baby Bonus Cash Gift and the Child Development Account (CDA) to grants, subsidies and childcare support.
