Budget 2025: Large Families Scheme

Budget 2025: Up to $16,000 in financial support for parents having their third or subsequent child.

Transcript

00:00First, a $5,000 increase in the child development

00:29account first step grant. This will apply to each third and subsequent child born from

00:37today onwards. The CDA monies can be used to defray preschool and healthcare expenses

00:45of the child and their siblings. Second, a new $5,000 large family Medisave grant, which

00:54will be disbursed into the mother's Medisave account again for each third and subsequent

01:00child born from today onwards. And this can be used to offset the mother's pregnancy

01:06and delivery costs or her family members' healthcare expenses. Third, $1,000 in Life

01:14SG credits will be disbursed annually to families for each of their third and subsequent children

01:22during the years that the child turns one to six. And this can help to defray a wide

01:29range of household expenses.