Enhancement of Annual Disbursement of LifeSG Credits under Large Families Scheme to Eligible Children

Mr Lee Hong Chuang asked the Prime Minister and Minister for Finance whether the Government will consider enhancing the annual disbursement of LifeSG credits under the Large Families Scheme to eligible children in large families aged seven to 12.

The Large Families Scheme (LFS) was designed based on National Population and Talent Division's (NPTD's) research and feedback from parents that they needed more financial support for children aged zero to six years old. Accordingly, under the LFS, parents will receive $1,000 each year in Large Family LifeSG Credits (LFLC) for each third and subsequent Singapore Citizen child, from the year that the child turns one to the year that the child turns six.

There is a wide range of financial support for children beyond the first six years. These include Child Development Account (CDA) Government co-matching, significant education and healthcare subsidies, parenthood tax benefits, and top-ups to the CDA, Edusave Account and Post-Secondary Education Account (PSEA). As part of Budget 2025, all Singapore Citizen children aged zero to 12 also receive $500 in Child LifeSG Credits, which families can use to defray their child-raising and household expenses, while those aged 13 to 16 and those aged 17 to 20 receive $500 in their Edusave Account and PSEA respectively.

The Government will continue to monitor the LFS and consider adjustments where necessary.