Key Takeaways from Singapore Budget 2025: What You Need to Know

Support for Households

1. $800 in CDC Vouchers for Every Household
   To help manage living costs, every Singaporean household will receive a total of $800 in CDC vouchers. The distribution will be staggered:

• $500 in May 2025
• $300 in January 2026

As before, these vouchers can be used at participating supermarkets, hawkers, and merchants.

2. Enhanced U-Save Rebates for HDB Residents
   Eligible HDB households will get up to $760 in U-Save rebates this year, helping to offset utility bills for three to six months, depending on flat size.
3. Expanded Climate Vouchers
   The Climate Friendly Households Programme is receiving a boost. HDB households will get an additional $100 in Climate Vouchers, bringing the total to $400. Private property households are now also eligible for these vouchers, supporting energy-efficient home improvements.

Benefits for All Singaporeans

4. SG60 Vouchers: $600 for Adults, $800 for Seniors
   To commemorate SG60, all Singaporeans aged 21 and above will receive $600 in SG60 vouchers. Those aged 60 and above will get $800. These vouchers can be redeemed at hawkers, supermarkets, and local merchants, with distribution starting in July 2025.

Additionally, babies born in 2025 will receive a special SG60 Baby Gift, with more details to be announced.

5. More HDB Flats and a Second Sale of Balance Flats (SBF) Exercise
   Over the next three years, 50,000 new HDB flats will be built in key locations such as Woodlands, Bayshore, and Mount Pleasant. In 2025 alone, 19,600 new BTO flats will be launched. Additionally, HDB will conduct another SBF exercise later this year, providing more housing options for buyers who prefer a shorter waiting time.

Support for Youths

6. $500 LifeSG Credits for Children
   Parents will receive $500 in LifeSG credits for children aged 12 and below, which can be used for essential expenses such as groceries and utilities.
7. $500 Top-Up for Students’ Education Accounts
   Singaporean youths aged 13 to 20 will receive a $500 top-up to their Edusave or Post-Secondary Education Account (PSEA), helping cover school fees and educational expenses.

Support for Families

8. More Financial Aid for Large Families
   Families with a third child (or more) will receive additional financial support:

• $5,000 Child Development Account (CDA) top-up
• $5,000 MediSave grant
• $1,000 annual LifeSG credits until the child turns six

9. Lower Childcare Costs
   Full-day childcare fees will be capped at $610 for Anchor Operators and $650 for Partner Operators, making preschool more affordable for families.

Support for Businesses and Workers

10. CPF Contribution Increase for Older Workers
    To improve retirement savings, CPF contribution rates for workers aged 55 to 65 will increase by 1.5 percentage points from January 2026.
11. More SkillsFuture Training Support
    Mid-career Singaporeans taking full-time training courses can receive up to $3,000 per month in allowances, while part-time learners will receive $300 per month from 2026.
12. Corporate Tax Rebates for Businesses
    To support companies, the government is introducing a 50% corporate income tax rebate, capped at $40,000 per company. Additionally, wage support for lower-income workers will be increased.
13. Digital Transformation and Innovation Grants
    Small and medium enterprises (SMEs) will receive additional funding to adopt new technologies, with grants covering up to 70% of digitalization and automation costs. This aims to improve productivity and competitiveness.
14. Enhanced Support for Startups
    A new Startup Growth Fund will be introduced, providing early-stage companies with up to $200,000 in matching funds to accelerate innovation and expansion.

Healthcare and Social Support

15. Increased CHAS Subsidies for Healthcare
    The Community Health Assist Scheme (CHAS) will see expanded subsidies, with eligible middle-income households receiving higher payouts for outpatient treatments and chronic disease management.
16. Mental Health Support Expansion
    A $100 million Mental Wellness Fund will be launched to strengthen mental health services, including hiring more counselors in schools and workplaces.