Start of content

Trust and Savings Options for Persons with Disabilities

Special Needs Trust Company (SNTC) is a non-profit trust company set up to provide trust services for persons with disabilities. Case managers from SNTC will work with the family to develop a care plan that provides for the well-being of the person with disability in areas such as accommodation and daily living. SNTC will assist parents or caregivers to set up a Trust account to manage and disburse monies to meet the needs of their children with disability. Parents can also tap on the Special Needs Savings Scheme which allows them to set aside Central Provident Fund (CPF) savings for the long term care of their children with special needs upon their demise.

I. Care Plan

SNTC assists caregivers with the holistic needs assessment of their loved one with disability. A Care Plan drawing up possible alternative care arrangements and the financial requirements are worked out for the person with disability in the event the primary caregiver is no longer able to provide the care and support. SNTC reviews the Care Plan with the caregiver and updates it to capture the changing needs of the person with disability for whom the plan has been drawn up.

II. Trust Services

A Trust is a legal relationship in which an individual or institution (known as the Trustee) holds assets, subject to a legal obligation to keep or use the assets for the benefit of another (known as the Beneficiary).

A minimum sum of $5,000 is required to set up the SNTC Trust for persons with disability. Caregivers can top-up the trust fund anytime. They can gift the proceeds from their property by will and nominate their insurance policy as well as CPF savings to the SNTC Trust.

The Public Trustee holds and invests the Trust funds with principal guaranteed by the Government. The SNTC Trust is activated upon the caregiver's demise or incapacity as the main caregiver.

III. Special Needs Savings Scheme (SNSS)

The Special Needs Savings Scheme (SNSS) encourages parents of children with special needs to save up for their long-term care needs. Under this scheme, parents can nominate their children to receive monthly disbursements from the parent’s CPF savings after the parent’s demise.

For More Info

Special Needs Trust Company
#10-01 Central Plaza
298 Tiong Bahru Road
Singapore 168730
Tel: (+65) 6278 9598
Website: https://www.sntc.org.sg

Share to Facebook Share to Twitter More...
Last Reviewed On Wed, Apr 24, 2019

Related Assistance Items

  • Certificate of Entitlement (COE) Grant Scheme for Social Service Agencies (SSAs)

    ​The Certificate of Entitlement (COE) Grant Scheme is a grant to support the cost of COE and Additional Registration Fee (ARF) for vehicles used to transport clients who are elderly or persons with disabilities who are unable to use public transport unassisted or other transport options.
  • Development Support and Learning Support

    The Development Support (DS) and Learning Support (LS) programmes provide development support and learning support for children with mild developmental needs so they can make a smoother transition to primary school.
  • Assistive Technology Fund (ATF)

    Persons with disabilities can get subsidies to acquire, replace, upgrade or repair necessary assistive technology equipment and accessories (e.g. wheelchairs, hearing aids, etc).