Singaporeans will receive GST Voucher – Cash Special Payment and GSTV – U-Save Special Payment are part of the SGD 900 million Household Support Package announced at Budget 2021.
SINGAPORE - Every Singaporean child aged seven to 20 will get $200 in his Edusave account or Post-Secondary Education Account (PSEA) by the end of this month.
The one-off top-up will be credited directly to the recipients accounts and no action is required from them, said the Ministry of Finance and Ministry of Education in a joint statement on Wednesday (May 12).
About 532,500 children will benefit from the top-up, which is part of the Household Support Package announced during Budget 2021 to provide families with additional support for their children s education-related expenses.
This is on top of the annual Edusave contribution that the Government makes, the authorities said.
Singaporeans aged seven to 20 to get S$200 by end May thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
More than 500,000 young Singaporeans to receive S$200 Edusave or PSEA top-up Toggle share menu
Advertisement
Students attending a class at a primary school. (File photo: TODAY)
12 May 2021 12:50PM) Share this content
Bookmark
SINGAPORE: About 532,500 Singaporeans aged between seven and 20 in 2021 will each receive a one-off top-up of S$200 to their Edusave account or Post-Secondary Education Account (PSEA) this month.
The top-ups are a component of this year s Budget, the Ministry of Finance (MOF) and Ministry of Education (MOE) said in a joint statement on Wednesday (May 12)
Advertisement
Advertisement
“This additional top-up is part of the Household Support Package announced at Budget 2021 to provide families with additional support for their children’s education-related expenses,” the ministries said.
April 05, 2021
The Straits Times
Having children’s never easy, especially with Singapore’s high cost of living.
To mitigate the cost, the government rolled out the Baby Bonus scheme, where cash rewards are given to encourage Singaporeans to have more children.
With the Baby Bonus, parents will need a Child Development Account (CDA) to receive grants and cash rewards from the government.
So how does the CDA work? Is there a way to make the most of it?
Here’s a quick guide on how to maximise your child’s CDA account and to get the most out of your Baby Bonus rewards!