Bang‑On Cash for Your Wallet: Singapore’s Latest Support Packages
Prices are doing the high‑jump dance they’ve been doing all year, hitting a 14‑year high in September. Plus the upcoming GST hike means every Singaporean’s pocket feels the squeeze. But fear not— the Ministry of Finance has rolled out a fresh bundle of help.
What’s in the Wallet‑Friendly Package?
- $560 million Household Support Package – fresh money for families.
- Two $1.5 billion programmes launched in June and October for long‑term relief.
- Stand‑out actions:
- $200 top‑up for every child’s Child Development Account (CDA), Edusave, or Post‑Secondary Education Account (PSEA).
- GST V‑Saves with U‑Save and S&CC rebates to cut grocery bills.
How It Grows Your Pocket
Think of it as a pothole‑repair tool for your finances: it fills gaps in daily expenses, from food to school fees. The +$200 boost lets kids grow stronger without squeezing the parents’ budgets.
Catch the Quick Guide Video
Watch this clip to see a snapshot of the cash, vouchers, and subsidies that have made their way into your family’s spend‑sheet.
Quick‑Peek on How to Tame Rising Costs
Groceries, utilities, transport – the price tags keep climbing. For a snappy, to‑the‑point look at what to do, see the TLDR: Cost of living is rising — here’s how you can cope article.
All the above information comes straight from the Ministry of Finance, ensuring you’re getting the latest official scoop.
