Special Needs Savings Scheme
The Special Needs Savings Scheme (SNSS) allows parents to set
aside a portion of their CPF savings for the long term care of their Children
with Special Needs.
The SNSS was conceived by the Ministry of Community Development,
Youth and Sports (MCYS) in partnership with the Ministry of Manpower and the
Central Provident Fund Board (CFPB) in 2010.
Upon nomination, their special needs children will be able to
receive monthly disbursements from their parents’ CPF savings account upon their
demise.
The scheme will be administered by
the Centre for Enabled Living from early 2012.
The Special Needs Savings Scheme (SNSS) allows parents to set
aside a portion of their CPF savings for the long term care of their Children
with Special Needs.
The SNSS was conceived by the Ministry of Community Development,
Youth and Sports (MCYS) in partnership with the Ministry of Manpower and the
Central Provident Fund Board (CFPB) in 2010.
Upon nomination, their special needs children will be able to
receive monthly disbursements from their parents’ CPF savings account upon their
demise.
The scheme will be administered by
the Centre for Enabled Living from early 2012.
Currently, a deceased
person’s CPF savings in the Ordinary, Special, Medisave and Retirement Accounts
are distributed to his/her nominated beneficiaries as a once-off lump sum
payment in cash or to the nominees’ CPF account.
Under SNSS, at the point of application, a
nominating parent can determine the level of payouts he/she wishes his/her child
with disabilities to receive upon his/her demise. When the parent passes on, the
nominated child with disabilities who qualifies for SNSS will receive these
pre-determined monthly payouts until the deceased parent’s savings are
exhausted. Both parents of an eligible child with disabilities can participate
in the SNSS.
Who
The nominating parent applicant may be the parent
or an appointed legal guardian and the person with disabilities have to both be
Singaporeans or Singapore Permanent Residents at the time of application.
The person with disabilities has to:
Require assistance in at least 1 Activity of Daily Living (ADL)*; OR
Have attended or is attending a Special Education (SPED) school.
*The six ADLs are – washing, dressing, feeding, toileting, mobility, and
transferring.
HowWhen the
scheme is in operation in early 2012, parents may approach us at the Centre for
Enabled Living for more information.For more information, please read
the FAQs
or you may contact CEL at 1800-8585 885 or email to schemes@cel.sg.
person’s CPF savings in the Ordinary, Special, Medisave and Retirement Accounts
are distributed to his/her nominated beneficiaries as a once-off lump sum
payment in cash or to the nominees’ CPF account.
Under SNSS, at the point of application, a
nominating parent can determine the level of payouts he/she wishes his/her child
with disabilities to receive upon his/her demise. When the parent passes on, the
nominated child with disabilities who qualifies for SNSS will receive these
pre-determined monthly payouts until the deceased parent’s savings are
exhausted. Both parents of an eligible child with disabilities can participate
in the SNSS.
Who
The nominating parent applicant may be the parent
or an appointed legal guardian and the person with disabilities have to both be
Singaporeans or Singapore Permanent Residents at the time of application.
The person with disabilities has to:
Require assistance in at least 1 Activity of Daily Living (ADL)*; OR
Have attended or is attending a Special Education (SPED) school.
*The six ADLs are – washing, dressing, feeding, toileting, mobility, and
transferring.
HowWhen the
scheme is in operation in early 2012, parents may approach us at the Centre for
Enabled Living for more information.For more information, please read
the FAQs
or you may contact CEL at 1800-8585 885 or email to schemes@cel.sg.
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