Financial Planning & Others

Financial assistance and support available as you plan for the future.

Trusts

Matching Grant for Top-Ups to Trust Accounts

In the Budget 2025 speech, the Government has announced that lower- and middle-income families will receive a dollar-for-dollar matching grant of up to $10,000 for top-ups to Trust accounts with the Special Needs Trust Company (SNTC), a fully owned subsidiary of SG Enable. Please visit SNTC’s website for more information.

A burning issue with many caregivers is about caring for their loved ones with disabilities when they themselves are no longer around. Financial security is not all there is to it, but it is very important.

Trust funds can provide a steady income stream for persons with disabilities when their caregiver passes on. With a minimum sum of $5,000, caregivers can set up a trust fund through SNTC, the only non-profit company with trust services for persons with disabilities. SNTC will help the caregiver work out how much money to set aside in a trust fund and how the funds will be disbursed upon the demise or incapacity of the caregiver. SNTC will act according to the caregiver’s wishes in disbursing the money. To find out how to set up a trust, see below:

Special Needs Savings Scheme

SNTC also administers the Special Needs Saving Scheme, which enables parents of children with special needs to set aside their CPF savings for the child's long-term care. Under this scheme, parents can nominate the child as a beneficiary of their CPF monies when they pass on. The child will receive monthly payouts of an amount pre-determined by the parents until the savings are exhausted.

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