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Financial Planning & Others

Financial assistance and support available as you plan for the future.


A burning issue with many caregivers is about caring for their loved ones with disabilities when they themselves are no longer around. Financial security is not all there is to it, but it is very important.

Trust funds can provide a steady income stream for persons with disabilities when their caregiver passes on. With a minimum sum of $5,000, caregivers can set up a trust fund through the Special Needs Trust Company (SNTC), the only non-profit company with trust services for persons with disabilities. SNTC will help the caregiver work out how much money to set aside in a trust fund and how the funds will be disbursed upon the demise or incapacity of the caregiver. SNTC will act according to the caregiver’s wishes in disbursing the money. To find out how to set up a trust, see below:

SNTC also administers the Special Needs Saving Scheme, which enables parents of children with special needs to set aside their CPF savings for the child’s long-term care. Under this scheme, parents can nominate the child as a beneficiary of their CPF monies when they pass on. The child will receive monthly payouts of an amount pre-determined by the parents until the savings are exhausted.


Dependants’ Protection Scheme (DPS)

DPS is a term insurance that provides an insured member and their family with up to $46,000 to get through the first few years should the insured member pass away, or suffer from a terminal Illness or total permanent disability before turning 60.

DPS is automatically extended to CPF members who are Singapore Citizens and PRs aged 21 – 60, who have made their first CPF contribution. The insured member can nominate who will receive the insurance benefits.

MediShield Life

This basic health insurance plan protects all Singapore Citizens and Permanent Residents against large hospital bills for life, regardless of age or health conditions. Those with pre-existing and congenital conditions are covered as well. Premiums are paid from your MediSave account.

CareShield Life

CareShield Life is a long-term care insurance scheme that provides basic financial support should Singaporeans become severely disabled, especially during old age, and need personal and medical care for a prolonged duration (i.e. long-term care).

Income Family Micro-Insurance and Savings Scheme (IFMISS)

This free insurance scheme by NTUC Income aims to help lower-income families with young children in times of crises. Under the scheme, when the parent/ guardian passes away or becomes totally and permanently disabled, the family is eligible for a $5,000 payout, subject to terms and conditions. NTUC Income also offers an additional payout capped at $5,000 that matches the collective bank balances of the parent/ guardian and his family unit.


  • Parents/ guardians of a family receiving assistance from NTUC’s My First Skool or MOE Financial Assistance Scheme (FAS) (Primary School) will be automatically covered under IFMISS
  • The insured must be aged between 16 and 65 years old (age next birthday)

NTUC SpecialCare Insurance

This insurance plan by NTUC Income provides coverage for medical expenses due to accidents and infectious diseases. The policy holder must be a Singapore Citizen or Permanent Resident, and be a parent or legal guardian of a child diagnosed with Down Syndrome or Autism.


All You Need To Know About - Disability Money Matters

A resource that was developed by SPD – Disability Money Matters Booklet. This booklet is dedicated to all persons with disabilities and their caregivers and serves as a handy guide to help you understand various financial assistance schemes, grants and funds in Singapore that you can leverage on.


The Ministry of Social and Family Development (MSF) provides various forms of financial assistance under the ComCare banner. The eligibility criteria and amount of financial help vary across the schemes; click the respective links below for more information.

ComCare Short-to-Medium Term Assistance is generally for families that need financial help for a temporary period. The scheme caters to families with a monthly household income of $1,900 and below, or a per capita income of $650.

ComCare Long Term Assistance, also known as Public Assistance, is intended to help people who are permanently unable to work and need help to support themselves.

If financial assistance is needed urgently for fewer than three months, there is also the ComCare Interim Assistance Scheme.

To apply for any of the ComCare schemes, go to your nearest Social Service Office (SSO) to find out more. Officers there will assess your application to determine if you qualify.

Tax Reliefs

Tax deductions (reliefs, rebates, expenses and donations) are given to encourage social and economic objectives such as filial piety, family formation and the advancement of skills. There are also tax deductions available for persons with disabilities and their caregivers to help reduce taxes.


Handicapped Child Relief


Handicapped Child Relief is given to parents in supporting their children.

Handicapped Spouse Relief


Handicapped Spouse Relief recognizes both male and female taxpayers who have supported their spouses.

Handicapped Parent Relief


Handicapped Parent Relief is given to promote filial piety and recognizes individuals who are supporting their parents, grandparents, parents-in-law or grandparents-in-law in Singapore.

Handicapped Brother/Sister Relief

Handicapped Brother/Sister Relief is given to recognize individuals supporting their handicapped siblings and siblings-in-law.

Handicapped Earned Income Relief


Earned Income Relief is for individuals who are gainfully employed or carrying on a trade, business, profession or vocation. A higher Earned Income Relief will be given to those with permanent physical or mental disability that severely affects their ability to work.