SNTC Fees |
Amount S$ |
Subsidy by MSF |
Amount Payable After Subsidy S$ |
One-time setup fees |
1500 |
90% |
150 |
Annual Pre-Activation Fees |
250 |
100% |
0 |
One-time Activation Fees |
400 |
90% |
40 |
Annual Post-Activation Fees |
400 |
90% |
40 |
It was announced on 14 June 2013 that Ministry of Social and Family Development have begun subsidizing the cost of setting up a trust with Special Needs Trust Company (SNTC). This is very good news especially for caregivers who cannot afford setting up trust with private trust companies. The following is a summary of the subsidy:
The following are some tips to parents who have children with special needs:
First, is it really necessary to have a trust setup for their special kids? There are kids who are of very high function and they may be able to take care of themselves. But there are also many who are unable to take care of ......