Key highlights With the introduction of the Pioneer Generation Package (PGP) and Merdeka Generation Package (MGP), the elderly are now eligible for all enhanced CHAS benefits – regardless of their household income. CareShield Life and ElderFund can help defray the costs of taking care of a severely disabled senior citizen. Those who require financial help to take care of a severely disabled senior citizen can apply for the Home Caregiving Grant (a monthly payout of S$200). By 2030, it’s estimated that one in four Singaporeans will be aged 65 and above. This demographic shift places immense pressure on the Singaporean society as a shrinking workforce struggles to support an ageing population. The financial burden is particularly salient in the Sandwich Generation – individuals who need to support both their parents and children. In response to this mounting societal issue, the government has introduced...