SINGAPORE: From extra help for households to a attainable undersea tunnel to Pulau Tekong, Prime Minister Lawrence Wong made a number of bulletins on this 12 months’s Nationwide Day Rally.
He unveiled a slew of measures to assist these trying to begin households in addition to {couples} with youngsters.
“No different establishment can exchange the household. That’s the reason nothing issues greater than serving to households thrive,” he stated.
Listed here are seven key takeaways from his speeches.
1. Nearly S$70,000 in help for every youngster
Each Singaporean youngster will obtain nearly S$70,000 (US$55,140) in help from beginning to the age of 17.
A brand new SG Youngster Assist Bundle kicks in on Apr 1, 2027, changing the monetary help presently supplied via the Child Bonus Scheme and Massive Households Scheme.
Youngsters will get the identical degree of help no matter their beginning order, and children in single-parent households may even benefit from the full advantages of the scheme.
Within the child’s first 12 months, there might be a S$10,000 money reward and S$5,000 MediSave Grant for Newborns.
Newborns additionally get a S$5,000 First Step Grant within the Youngster Improvement Account (CDA).
From the age of 1 to 16, the federal government will co-match as much as S$5,000 in CDA top-ups. The kid may even get S$2,000 in Youngster Credit yearly.
College students obtain Edusave contributions all through main and secondary faculty.
When the kid turns 17, a S$10,000 top-up might be made to the Put up-Secondary Schooling Account.
Massive households with three or extra youngsters will get further assist in areas the place they’re prone to face greater prices, reminiscent of healthcare, transport and housing.