Starting April 2027, parents will receive S$2,000 a year for each Singaporean child from age one to 16, as part of a new financial support scheme from the government. But if you don’t need the money for day-to-day expenses, how can you invest it towards your own retirement? On the Money Talks podcast, Andrea Heng speaks with SingSaver’s Ayush Goyal about putting the new SG Child Support Package to work.
Highlights:
00:00 Intro
02:26 The support package breakdown
05:45 Build your emergency fund first
07:26 Should you leave money in CDA?
08:16 CPF or investments for university?
10:20 Investing with a two-year-old
11:31 What changes with an eight-year-old?
12:06 Starting with a 15-year-old
14:20 Rethinking your precautionary fund
15:23 The money traps parents should avoid
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