Budget 2025: What It Means for You — A Comprehensive Guide for Every Singaporean

• Singapore
• Mar 13, 2025
• TFA Admin

Prime Minister Lawrence Wong calls Budget 2025 "A budget for all Singaporeans"—and for good reason. Whether you're starting a family, raising kids, or planning for retirement, this budget has something for everyone. Here’s a breakdown of how it impacts you based on your life stage and needs.

For Every Singaporean: Celebrating SG60 Together

1. Singapore turns 60! To mark this milestone:
2. S$600 SG60 vouchers for every Singaporean aged 21 and above.
3. Extra S$200 for seniors aged 60 and above.
4. Vouchers valid until Dec 31, 2026—usable at supermarkets, hawkers, and heartland merchants.
5. 60% personal income tax rebate, capped at S$200 (for YA 2025).

• SG Culture Pass: S$100 credits for all aged 18+ to enjoy local arts and cultural events (valid till end-2028).

• Special gift for babies born in 2025.

For Families: Raising Kids Just Got More Affordable

For families with 3 or more kids (New Large Families Scheme):

⒈ S$5,000 MediSave Grant for the mother (for 3rd child and beyond).

⒉ S$1,000/year LifeSG credits (when child is aged 1 to 6) = S$6,000 total.

⒊ Extra S$5,000 First Step Grant in Child Development Account.

⒋ Applicable to remarried parents caring for 3+ children.

Additional one-off perks:

1. S$500 Child LifeSG credits for every child aged 12 and below.
2. S$500 Edusave top-up for children aged 13 to 16.
3. S$500 Post-Secondary top-up for youth aged 17 to 20.

For Parents: Preschool Fees Reduced

Good news for parents of young children:

1. Preschool fee caps lowered!
2. Anchor operators: Now capped at S$610/month (down from S$640).
3. Partner operators: Capped at S$650/month (down from S$680).
4. After subsidies, dual-income families pay about S$300/month, with even lower rates for middle- and low-income families.

For Homeowners: Going Green Made Easy with Climate Vouchers

Thinking about energy-efficient appliances? Here’s your chance:

1. Public housing families: Extra S$100 vouchers (on top of existing S$300).
2. Private property households: S$400 climate vouchers.
3. Use vouchers for energy- and water-saving products.

For Every Household: Cost of Living Support

Feeling the pinch? More Community Development Council (CDC) vouchers are coming:

1. S$800 total per household:
2. S$500 in May 2025
3. S$300 in Jan 2026
4. Half usable in supermarkets; half in heartland stores and hawkers.
5. U-Save rebates continue—up to S$760 for utilities.

For Lower-Income Families: More Stability & Housing Support

Extra support if you’re facing challenges:

1. Fresh Start Housing Scheme enhanced:
2. Up to S$75,000 in grants (up from S$50,000) to buy a flat (for 2nd-time families in rental flats).
3. ComCare assistance payouts increased:
4. A single-person household on long-term aid will now get S$760/month (up from S$640).

Ultimately, Budget 2025 is a comprehensive, forward-looking plan designed to empower every Singaporean—providing essential support for families, homeowners, and individuals alike, and paving the way for a secure, sustainable future.