Financial Care for Special Needs Children

Source: The New Paper posted in­rently, there are two fin­an­cial secur­ity schemes for par­ents with spe­cial needs chil­dren when they are no longer around to care for them.

The first one is the Spe­cial Needs Trust Com­pany (SNTC) Trust­ee Scheme which provides trust ser­vices to bene­fi­ciar­ies who have spe­cial needs. How­ever, this requires cash sav­ings with SNTC with a min­im­um depos­it of $5000 and nom­in­al annu­al fee. For those without much cash out­side their CPF, the new Spe­cial Needs Sav­ings Scheme (SNSS) man­aged by CPFB will be a great help.

Photo source: The New Paper, 30 Apr 2010, pos­ted in

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