Government Schemes and Benefits in Singapore
Savings incentives, family payments, pensions and home buying help in Singapore, each with a link to the official page.
Savings and Retirement
CPF
Mandatory savings for citizens and PRs, split into Ordinary, Special or Retirement, and MediSave accounts, with guaranteed interest floors.
Official siteCPF LIFE
A national annuity that pays a monthly income for life from 65, funded from your Retirement Account.
Official siteRetirement Sum Topping-Up
Top up your own or family members' CPF retirement savings, with tax relief of up to $8,000 for yourself and $8,000 for family each year.
Official siteMatched Retirement Savings Scheme
For citizens aged 55 and above with retirement savings below the Basic Retirement Sum and modest income, the government matches cash top ups dollar for dollar, up to $2,000 a year and $20,000 in a lifetime.
Official siteSupplementary Retirement Scheme
Voluntary savings with tax relief: up to $15,300 a year for citizens and PRs and $35,700 for foreigners.
Official siteSingapore Savings Bonds
Government bonds you can redeem any month without penalty, with interest that steps up the longer you hold.
Official siteFamily and Income Support
Baby Bonus and the SG Child Support Package
Today the Baby Bonus gives a cash gift of $11,000 to $13,000 per Singapore citizen child plus a Child Development Account with a First Step Grant and dollar for dollar matching. From April 2027 it is replaced by the SG Child Support Package: for children born from 1 April 2027, a $10,000 Baby Gift, $2,000 Child Credits a year from age 1 to 16, CDA grants and a $10,000 PSEA top up at 17. Children already in the Baby Bonus move across automatically.
Official siteWorkfare Income Supplement
Cash and CPF top ups for Singapore citizen workers aged 30 and above earning $500 to $3,000 a month.
Official siteSkillsFuture Credit
Credit for approved courses from age 25, with an extra top up for those aged 40 and above.
Official siteGST Voucher
Cash, MediSave and U-Save utility rebates for lower income citizens and households.
Official siteSilver Support Scheme
Quarterly cash for seniors aged 65 and above who had low incomes over their working life.
Official siteBuying a Home
CPF Housing Grants
First timer families with household income up to $9,000 a month can get the Enhanced CPF Housing Grant of up to $120,000 for a new or resale HDB flat, plus Family and Proximity grants for resale flats.
Official siteUsing CPF for a Home
Ordinary Account savings can pay the down payment and monthly instalments, within limits.
Official siteChecked October 2026. Rules and amounts change, so confirm on the official page before you rely on a figure. Who to check with in Singapore.