BUDGET 2025: New scheme offers up to $16,000 for third child and beyond

The CDA First Step Grant will be increased to $10,000.

Singapore has introduced the new Large Families Scheme that provides up to $16,000 in additional support for parents of third or subsequent children.

During his Budget speech, Finance Minister Lawrence Wong said a Child Development Account (CDA) First Step Grant will be increased from $5,000 to $10,000. A new Large Family Medisave Grant (LFMG) of $5,000 will also be introduced, alongside $$1,000 in Large Family LifeSG Credits (LFLC) annually, available for up to six years.

The enhanced CDA First Step Grant and LFMG will apply to families with a third or subsequent child born on or after 18 February 2025.

LFLC will be available for families with three or more children aged six or younger.

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Singapore Budget 2025

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