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Singapore Government

Divorce Support

Inform Yourself about Financial Issues

This website will no longer be available from 30 June 2022. Please visit the Family Assist portal at for information, services, and support to make informed decisions about your marriage or to register for the Mandatory Parenting Programme.

Inform Yourself about Financial Issues

Divorce can strain finances as well as emotions. With some preparation and financial considerations during and after divorce, you can secure your financial interests and take charge of your family’s future. 

Here are some of the key financial issues that you should think about before and during your divorce. 

Housing and Ancillary Matters 

One of the biggest financial considerations in a divorce is the division of assets. 

Housing, division of assets and divorce maintenance are all financial issues that must be resolved You may also seek the help of a professional mediator to work out a settlement for ancillary matters that is fair and equal for both parties. Find out more about mediation services available

Income for Basic Needs 

Another important financial consideration is your income for basic needs. 

This includes income for:

  • Food 
  • Household expenses 
  • Transport 
  • Medical expenses 
  • Utility bills 
  • Educational needs of children 

After divorce, you may find yourself running the same household with a reduced income. To help get through this, make a list of monthly expenses, including bills and child support. It would be useful to create a monthly budget to give you a sense of your expenditure and see where you may need to cut back on expenses. 

Short and Long-term Financial Planning 

It would be good to take a longer-term view of the situation to ensure a solid financial future. In planning for the long-term you should define financial goals and prepare early for possible lifestyle changes so as to ensure a smoother transition. Give priority to the interests of the children’s welfare and education. 

You may also need to re-examine your investments. Exploring alternative career or job options may also be something you could consider. 

The table below summarises the key financial issues you might want to think about. Do note that the list is not exhaustive and that the issues may vary depending on your family’s unique circumstances.

Key Financial Issues Decisions to Consider
Housing Remain in the matrimonial home
Buy / rent a new home
Stay with relatives
See: Managing Finances After Divorce
Housing Development Board
Legal Fees Settle outstanding legal fees
Seek alternative resolution such as mediation
See: Legal Aid
Regular Maintenance Fees
Turn to third party collection assistance
Basic Expenses to Meet Needs Budgeting for monthly expenses
Needs of Children Expenses related to children’s basic needs, education and medical needs
Medical Fees Use of: Medisave
MediShield Life and other healthcare insurance
ElderShield and other disability insurance
Eligibility for: Medifund
Out-of-pocket expenses
See: Government Agencies
Short-term Financial Planning

For those with debt

  • Settle joint accounts, nominations, asset ownership
  • CPF payments for housing, MediShield Life premiums, education
  • Existing or new insurance coverage for life, medical and hospitalisation needs
Long-term Financial Planning Plan to purchase new home
New insurance needs such as education for children
Higher education or skills training for children
Remarriage and blended families (or stepfamilies)
Contribution to Other Dependents Out-of-pocket expenses
Child Development Account (CDA) top-ups
Seeking Employment and Career Paths Employed