18 Feb '11, 11am

$90m Child Development Credit to benefit 220000 kids: Support for the early years includes a new Child Developme...

A SLEW of measures to help families with children will be put in place, said Finance Minister Tharman Shanmugaratnam during his Budget Statement on Friday. Support for the early years includes a new Child Development Credit scheme will help parents pay for children's pre-school, childcare and medical expenses. 80 per cent of families with young children will receive $400 per child, with an annual home value in 2010 of up to $13,000. For those whose homes are worth more than $13,000, the Child Development Credit payout will be $300 per child. The money will be paid into the Children Development Accounts, which most children already have. The scheme, costing about $90 million, will benefit more than 220,000 children aged six and below, including children born in 2011. Lower-income families will receive additional support, assured Mr Shanmugaratnam, saying that subsidies for ...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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Child Development Credit to benefit 220000 kids

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