Edusave contributions will be extended to all children who are Singapore citizens aged seven to 16, the Ministry of Education announced on Monday.

The amount they get will be pegged to what typical students of the same age group in MOE schools receive. Those aged seven to 12 will receive the amount applicable to primary-level students, which is currently $200 per year. Those aged 13 to 16 will receive the amount applicable to secondary-level students, which is currently $240 per annum.

This will benefit 20,000 more children, including those enrolled in madrasahs, privately-funded schools, as well as children who are home-schooled or residing overseas. They will be able to use their edusave funds for enrichment activities organised by their schools.

MOE targets to implement this by the second half of 2014 and will provide more details at a later date.