The Government will enhance the Marriage & Parenthood Package as announced by Prime Minister Lee Hsien Loong at the National Day Rally on 17 Aug 2008. The enhanced Package seeks to provide more broad-based support for couples to get married and to raise and care for their children.
Qualifying Child Relief/Handicapped Child Relief (QCR/HCR)
From the YA 2009, parents can claim higher amounts of QCR or HCR for all their qualifying children. The new quantum of QCR and HCR are $4,000 and $5,500 respectively for each child. You are only eligible to claim either QCR or HCR on the same child. QCR/HCR may be shared with your spouse based on the apportionment agreed by both parties.
Working Mother’s Child Relief
From YA 2009, working mothers can enjoy higher amount of WMCR, up to 100% of their earned income for all their qualifying Singaporean children. The amount of WMCR claimable for each child is based on a specified percentage of the working mother’s earned income corresponding to the child order.
Parenthood Tax Rebate
From the Year of Assessment (YA) 2009, parents can claim PTR for their 1st child, 5th child and each subsequent child that are born or legally adopted on or after 1 January 2008. The amount of PTR claimable for each qualifying Singaporean child is based on the child order.
PTR can be used to offset your income tax payable and may be shared with your spouse, based on the apportionment agreed by both parties. Any unutilised rebate will be carried forward to subsequent years until it is fully utilised.
From 1 Jan 2009, the Baby Bonus cash gift and matching Government contribution through the CDA will be enhanced.
The cash gift is given out in four equal instalments over 18 months. The Government will match dollar-for-dollar the amount of savings the parents contribute to the child’s CDA up to the specified ceiling.
Centre-Based Infant Care and Childcare Subsidy
From 1 Jan 2009, the infant care subsidy will be increased from $400 to a maximum of $600 per month to help parents offset the cost of centre-based care. The subsidy applies to all Singapore Citizen children regardless of child order.
The childcare subsidy will be increased from $150 to a maximum of $300 per month. The subsidy applies to all Singapore Citizen children regardless of child order.
Paid Maternity Leave
Maternity leave will be extended from 12 to 16 weeks for all Singaporean births on or after 1 Jan 2009.
For the first two confinements, the first eight weeks of maternity leave will continue to be employer-paid. The last eight weeks will be funded by the Government (capped at $20,000 per confinement, including CPF contributions). For the third and subsequent confinements, the full 16 weeks will be funded by the Government (capped at $40,000 per confinement, including CPF contributions).
The last 8 weeks of maternity leave can be taken flexibly over a period of 12 months from the date of the confinement if there is mutual agreement between the employer and employee. For details, check it out here.
Paid Childcare Leave
From 1 Jan 2009, paid childcare leave will be extended from two to six days per year for working parents with any Singaporean child under the age of seven, regardless of the number of qualifying children.
The first three days will be employer-paid and the last three days government-paid (capped at $500 per day including CPF contributions).
New Infant care Leave
From 1 Jan 2009, a working parent will be able to have six days of unpaid infant care leave if he or she has a Singaporean child under the age of two, regardless of the number of qualifying children.
Government-Paid Adoption Leave
From 1 Jan 2009, the birth order restriction will be removed from the list of criteria for Adoption Leave. Even if the mother has four or more other living children, she can be eligible for Adoption Leave.