Supporting Singapore families
Government to support households in areas of housing, education.
20 Feb 2017
Households in Singapore will be getting additional Government support, in the areas of housing, pre-school and post-secondary education in Budget 2017.
INCREASE IN CPF HOUSING GRANT
Resale boost for first-timers: First-time applicants buying 4-room or smaller resale flats will enjoy a higher CPF Housing Grant from $30,000 to $50,000. Couples who purchase a 5-room or bigger resale flat will also enjoy higher CPF grants of up to $40,000.
Together with an additional CPF Housing Grant of up to $40,000 for lower-and middle-income couples, and an additional $20,000 for Proximity Housing Grant for those choosing to live with or near their parents, couples can receive a total of up to $110,000 in housing grants (depending on the flat location, flat type and their income).
ENHANCEMENTS TO THE PRESCHOOL SECTOR
Support for households with young infants: There will be an increase in the capacity of centre-based infant care to over 8,000 places by 2020.
ENHANCEMENT OF BURSARIES FOR POST-SECONDARY EDUCATION INSTITUTIONS
Increased bursary amounts: Eligible households can also expect to see an increase of up to $400 in annual bursary amounts for those attending Post-Secondary Education Institutions, or PSEIs.
Extension of bursaries to more families: The PSEI bursaries will be extended to more households with a revision in income eligibility criteria. About 12,000 more Singaporean students are expected to benefit, bringing the total number of beneficiaries to 71,000.
INCREASE IN GST VOUCHER – U-SAVE REBATES
A permanent increase in the GST Voucher - U-Save Rebate for eligible HDB households, by an amount ranging from $40 to $120, will help offset some of the increase in water prices.
Families living in 1- and 2-room HDB flats will receive $380 of U-Save rebates, while those living in 3- and 4-room HDB flats will receive $340 and $300 per year respectively.
Low increase in water expenses: With the higher U-Save rebates, 75% of all HDB households will see an average increase of less than $12 in their monthly water expenses, while those living in smaller households will see no increase in their water expenses.
ONE-OFF GST VOUCHER AND INCREASE IN S&CC REBATE
Those in lower income households will also receive a one-off GST Voucher – Cash Special Payment of up to S$200, in addition to the regular GST Voucher – Cash. In total, eligible Singaporeans will receive up to S$500 in cash for 2017.
The Service and Conservancy Charges (S&CC) rebate will be extended, and raised by 0.5 months for FY2017. The Government will provide 1.5 to 3.5 months of S&CC rebates to eligible HDB households. 1- and 2-room HDB households will receive 3.5 months of rebates, while 3- and 4-room HDB households will get 2.5 months of rebates.
PERSONAL INCOME TAX REBATE
Tax residents in Singapore will receive a Personal Income Tax Rebate of 20% of tax payable, capped at S$500, for YA2017.