Singapore’s Budget 2025 delivers substantial support for parents through enhanced financial assistance and childcare benefits. You’ll receive increased Child Development Account grants of $5,000 for third and subsequent children, plus a new $5,000 Large Family MediSave Grant. With subsidized childcare costs capped at $610-650 monthly, dual-income families typically pay around $300 per child. The extensive package includes $1,000 annual LifeSG credits and extended parental leave totalling 30 weeks, offering numerous pathways to maximize your family’s financial wellness.
While Singapore continues to face demographic challenges, the 2025 Budget introduces substantial benefits aimed at supporting parents and encouraging larger families. You’ll find significant enhancements to existing support schemes, particularly for families with three or more children, as the government strengthens its commitment to helping parents manage the costs of raising children.
If you’re planning to expand your family, you’ll be pleased to know that the Child Development Account First Step Grant will increase by $5,000 for each third and subsequent child born from February 18, 2025. Additionally, mothers of third and subsequent children will receive a new $5,000 Large Family MediSave Grant, providing extra support for healthcare needs.
Your monthly childcare expenses will become more manageable with the implementation of new fee caps. Full-day childcare at anchor operator centers will be capped at $610 monthly, while partner operator centers will charge no more than $650. After basic subsidies, dual-income families can expect to pay around $300 per child, with additional subsidies available for lower- and middle-income families.
You’ll receive substantial support through the LifeSG credits program, with $1,000 provided annually for each third and subsequent child aged 1 to 6. All children aged 12 and below will receive $500 in LifeSG credits, while those aged 13 to 20 will benefit from $500 top-ups to their Edusave and Post-Secondary Education Accounts. The Assurance Package provides additional cash assistance based on your income level to help offset rising costs.
To help you manage rising living costs, the government has introduced various support measures. You’ll receive SG60 vouchers worth $600 if you’re between 21 and 59 years old, or $800 if you’re 60 and above. The CDC vouchers program will provide your household with $800, distributed in two tranches, to help with daily expenses.
The enhanced paid parental leave now totals 30 weeks, giving you more time to bond with your newborn. If you have three or more children, you can receive up to $16,000 in additional support through the Large Families Scheme, which combines various grants and credits.
The scheme also includes privileges and deals from corporate partners, making it easier for you to manage family expenses. These extensive support measures reflect the government’s commitment to helping you provide the best possible care and opportunities for your children while managing the financial aspects of parenthood effectively.
