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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 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 is administered by the Centre for Enabled Living from 6 February 2012. |
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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 SNSS nomination, 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.
CPF interest rates will continue to be paid on the demised parents' savings. The 1% extra interest will be paid on the first $60,000 of the combined balance of monies nominated under the SNSS and PWD's own CPF account balances.
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.
How
Parents can download the
application form and send the completed form to CEL via mail, email or fax along with a copy of the following:
- Norminating applicant's NRIC (front and back)
- Nominee's NRIC or birth certificate
* Please refer to the list of appointed medical practitioners
here.
For more information, please download the
brochure or read the
FAQs. You may also contact CEL at 1800-8585 885 or email to
schemes@cel.sg.