Great news for you mamas and papas in Singapore! Budget 2025 is out and if you haven’t read the find print yet, we’ve got the deets. There’s a whole host of support if you’re starting out a family as well as perks for those with three kids and more! Here’s all that you need to know!
SG60 Baby Gift
As we commemorate Singapore’s 60th year of independence, a special SG60 Baby Gift will be given to all Singapore Citizen (SC) children born in 2025. The SG60 Baby Gift celebrates the joy and significance of parenthood. Furthermore, it symbolises the Government’s commitment towards supporting Singaporeans in starting and raising their families.
The SG60 Baby Gift comprises a set of commemorative and useful items to mark this milestone and support your child’s developmental journey. Parents are required to complete the birth registration of their child before they can register for the SG60 Baby gift. Click here to register!
Baby Bonus Scheme
The Baby Bonus Scheme helps you manage the costs of raising a child. It comprises of the Baby Bonus Cash Gift (BBCG) and Child Development Account (CDA) benefits. These are the First Step Grant and Government co-matching of parents’ savings. Click here to read about the breakdown of the scheme updated as at 18 February 2025.
Financial Support for Families with Three or More!
Families with three or more young children will get more financial benefits and support as part of new measures to encourage Singaporeans to have more children. The first part of the new scheme is the Child Development Account (CDA) First Step Grant, where baby number three, four or more born from 18 February 2025 can get S$10,000, up from the current S$5,000 all Singaporean children receive.
The funds can be used by parents for pre-school and healthcare expenses incurred by the child or his or her siblings. Parents will also get S$5,000 with the Large Family MediSave Grant for each third and subsequent Singaporean child born from 18 February, 2025. This will be credited into the mother’s MediSave account. It can be used to offset pregnancy and delivery-related expenses, as well as approved dependants’ medical bills. This is on top of the S$5,000 MediSave Grant that all Singaporean children already get when they are born.
In addition, S$1,000 in Large Family LifeSG Credits will be given each year to the third and subsequent child during the years that the child turns one to six. These credits can be used to offset a wide range of household expenses, such as grocery, utilities and transport bills. Existing large families with at least one child aged six or below – those born between 1 January, 2019, and 17 February, 2025 – will also receive the S$1,000 each year in Large Family LifeSG Credits. This is until the child turns six. This applies only for the third and subsequent Singaporean child.
Child LifeSG Credits
Each Singaporean child from newborn to 12 will get S$500 in Child LifeSG Credits, regardless of birth order. This means that all children, including first- and second-born children, will receive these credits. They can be used to offset the cost of household expenses.
These credits will be disbursed in July 2025 for those aged up to 12 in 2025. Those born in 2025 will get the credits in April 2026.
Edusave Account Top-Up
Each Singaporean child aged 13 to 16 will get a S$500 top-up to their Edusave Account. As well, each Singaporean child aged 17 to 20 will receive a S$500 top-up to their Post-Secondary Education Account. These top-ups will be disbursed in July 2025.
Cap on Childcare Fee: $610 – $650
The childcare fee cap for anchor operators will be S$610 per month while the fee cap for partner operators will be S$650 per month. Both of this have been reduced by S$30. This will roll out from 2026.
Other Perks from the SG60 Package
SG60 vouchers: Singaporeans aged 21 to 59 will receive one-off SG60 vouchers worth S$600, while seniors aged 60 and above will receive S$800 in SG60 vouchers. You can redeem these vouchers through RedeemSG via SingPass. They can be used at all businesses that accept CDC vouchers. This rolls out in July 2025.
SG60 ActiveSG credits: Singapore citizens and permanent residents who are ActiveSG members (Sign up for free if you haven’t done so!) will receive S$100 ActiveSG credit top-ups. Plus, new members will receive S$200 in credits upon signing up. This rolls out from June 2025.
SG Culture Pass: Singaporeans aged 18 and above will receive S$100 in credits for selected exhibitions, performances and experiences. The pass is rolls out from 1 September to 31 December 2025.
Tax rebate on personal income: All resident taxpayers will receive a 60% tax rebate in your 2025 Year of Assessment (Yay!). For each taxpayer, this will be capped at S$200. IRAS will grant this rebate automatically for those who qualify.
