Singapore Budget 2025 Commentary
Discover what this year's Budget means for you and your business.

SG60 Package | |
SG60 Vouchers |
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60% Personal Income Tax Rebate |
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SG60 Baby Gift |
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SG60 ActiveSG Credit Top-up |
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SG Culture Pass credits |
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Cultural Matching Fund (CMF) |
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SG Gives Matching Grant |
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Enhanced Fund-raising Programme |
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Self-Help Groups |
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Hawker Centres |
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Source: Singapore Budget Statement 2025, Annex G-1: Measures in Support of SG60, and MOF Budget Booklet 2025. |
For Singaporeans | |
Assurance Package |
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GST Voucher Scheme |
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Medisave |
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Child LifeSG Credits |
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Edusave Account / Post-Secondary Education Account (PSEA) Top-up |
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Singapore Allowance |
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Matched MediSave Scheme (MMSS) |
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Source: Singapore Budget Statement 2025, Annex B-1: Support for Households, Annex F-1: Large Families Scheme, Child Life SG Credits, and Edusave Account/PSEA Top-Ups, Annex F-2: Matched MediSave Scheme, and MOF Budget Booklet 2025. |
For households | |
Community Development Council (CDC) Vouchers |
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Cost-of-Living U-Save (B2025 COL U-Save) |
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S&CC Rebate |
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Climate Vouchers |
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Source: Singapore Budget Statement 2025, Annex B-1: Support for Households, and MOF Budget Booklet 2025. |
Large Families Scheme | |
Child Development Account First Step Grant |
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MediSave Grant |
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Family LifeSG Credits |
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Source: Singapore Budget Statement 2025, Annex F-1: Large Families Scheme, Child Life SG Credits, and Edusave Account/PSEA Top-Ups, and MOF Budget Booklet 2025. |
For vulnerable families | |
ComCare Cash Assistance |
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Fresh Start Housing Scheme |
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Matched Retirement Savings Schemes |
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Adult disability services |
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Special Needs Trust Company top-ups |
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Source: Singapore Budget Statement 2025, Annex F-4: Matched Retirement Savings Scheme for Eligible Persons with Disabilities of All Ages, and MOF Budget Booklet 2025. |
Long-term care subsidies and grants | |
Home and Communities Long-Term Care (LTC) Services |
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Home Caregiving Grant |
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Seniors’ Mobility and Enabling Fund and Assistive Technology Fund |
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Source: Singapore Budget Statement 2025, Annex F-3: Enhancements to Long-Term Care Subsidies and Grants. |
Marcus Lam
Executive Chairman, PwC Singapore
Patrick Yeo
Suk Peng Ding
Discover what this year's Budget means for you and your business.
The enhanced Enterprise Financing Scheme (EFS) supports Singaporean enterprises in their internationalisation and M&A efforts. Key updates include increased loan quantum, broadened scope to cover asset acquisitions, and extended support schemes like the DTDi and MRA grants.
The Approved Shipping Financing Arrangement award offers withholding tax exemptions for Singapore-based ship and container owners/ managers. The Maritime Sector Incentive is extended to 2031, with enhancements to support industry developments.
Electric vehicles are not subject to fuel excise duties, unlike internal combustion engine vehicles. To balance revenue loss, the Additional Flat Component was introduced in Budget 2020 and extended to electric heavy goods vehicles and buses from January 2026.
Singapore's 2025 Budget reinforces its commitment to climate action with increased funding for energy transition, adaptation measures, and sustainable finance.
Central Provident Fund (CPF) contribution rates for employees aged 56 to 65 will be increased by 1.5%, effective from 1 January 2026. Employer CPF contributions for employees aged 56 to 60 who draw above $750 a month will increase by 0.5% to 16% and employee contributions will increase by 1% to 18%.