BUDGET 2026: Wong says $400m boost will fund longer-term care

Singapore Business Review
2026.02.12 09:36
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The Singapore government, led by Prime Minister Lawrence Wong, announced a $400 million boost for long-term care in the 2026 budget. This funding will enhance support for persons with disabilities, seniors, and retirement adequacy. A task force will review disability support, focusing on community facilities and employment integration. CareShield Life payouts and premium subsidies will increase, while seniors with low CPF balances will receive top-ups. A new Lifetime Retirement Investment Scheme will be introduced for CPF members, shifting investments from high-risk to safer assets as they age. Further details will be provided by the Minister for Social and Family Development.

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