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Singapore

New savings scheme for special needs children

A savings scheme to be launched on Monday will allow parents to save for the long-term care of their special needs children.

SINGAPORE: A savings scheme to be launched on Monday will allow parents to save for the long-term care of their special needs children.

Under the Special Needs Savings Scheme (SNSS), children who have attended or are attending special education schools can receive a monthly disbursement from their parents' CPF savings after the death of their parents.

The scheme complements the existing Special Needs Trust Company (SNTC) set up in 2009.

The Community Development, Youth and Sports Ministry said both initiatives enable families to enhance the financial security of persons with disabilities by providing mechanisms for parents to save for their children.

Mr Sam Tan, Senior Parliamentary Secretary for Community Development, Youth and Sports, said: "The SNSS scheme offers another option for parents to look after the financial security of their children with special needs. We encourage parents to use the scheme."

The Centre for Enabled Living (CEL) will administer the scheme.

Parents may approach the centre, visit the centre's website, or call 1800-858-5885 for more information.

Source: CNA/ac

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