Latest news with #ChildLifeSGCredit
Independent Singapore
11-07-2025
- Business
- Independent Singapore
Want to convert your S$500 Child LifeSG credits to cash? Here's how in 4 easy steps
Photo: Facebook/Tan Kwee Yong SINGAPORE: Some parents have shared online that they've already started receiving the one-off S$500 Child LifeSG Credit in their accounts — part of the government's support for over 450,000 Singapore Citizen children aged 12 and below. The Ministry of Education (MOE) and the Ministry of Social and Family Development (MSF) said in a joint statement on Thursday (July 3) that disbursements would begin on Monday (July 7). While the credit can be used through the LifeSG app at selected merchants, many still prefer cash. Here's how to convert your Child LifeSG Credit to cash using YouTrip in just four easy steps, according to SG Budget Babe : Step 1: Log in to the LifeSG app. Check your LifeSG app's credit wallet balance to see how much you received. Parents get S$500 per eligible child under 12. For example, someone with two children will receive S$1,000. Step 2: Generate a QR code using YouTrip. Next, open your YouTrip app to generate a QR payment code — you'll need this to scan in LifeSG later. Tap 'Top Up', enter the amount you want to transfer, then select 'Generate QR Code'. Save the QR code image to your phone's gallery. Step 3: Scan the QR code with LifeSG. Return to the LifeSG app and scan the QR code you just created using the 'Scan QR code to pay' option. Check that the payee name shows 'YOU TECHNOLOGIES, UEN 201628225CFAS' before confirming the payment. The funds should show up in your YouTrip balance within seconds. After that, tap 'Transfer' and choose 'Withdraw to Own Account'. You can send it to yourself via PayNow using your mobile number or NRIC/FIN. Just make sure the name on your YouTrip account matches your bank account. Step 4: Withdraw your cash or transfer the funds to your child's bank account. Parents can then withdraw the money at any ATM, use it for daily expenses, or move it to their child's savings or Child Development Account to gain interest. Parents who successfully converted their Child LifeSG credits to cash shared that they've been spending it on groceries and fruits. One parent said she bought her child a Gundam action figure — 'didn't know she liked Gundam so much,' she added. Another mentioned the money went straight into their holiday fund. /TISG Read also: Eligible Singaporeans to receive up to S$850 in GST Voucher cash payouts from Aug 6 and up to S$450 in MediSave top-ups from Aug 11 () => { const trigger = if ('IntersectionObserver' in window && trigger) { const observer = new IntersectionObserver((entries, observer) => { => { if ( { lazyLoader(); // You should define lazyLoader() elsewhere or inline here // Run once } }); }, { rootMargin: '800px', threshold: 0.1 }); } else { // Fallback setTimeout(lazyLoader, 3000); } });
Independent Singapore
07-07-2025
- Business
- Independent Singapore
S$500 in Child LifeSG Credits, Edusave, and PSEA top-ups to be disbursed from today; some Singaporeans already received credits
Photo: Depositphotos/ imtmphoto (for illustration purposes only) SINGAPORE: Over 450,000 Singapore Citizen (SC) children aged up to 12 will receive a one-off S$500 Child LifeSG Credit, while about 300,000 aged 13 to 20 will get a S$500 one-off top-up to their Edusave Account or Post-Secondary Education Account (PSEA) starting today, Monday (Jul 7), the Ministry of Education (MOE) and the Ministry of Social and Family Development (MSF) said in a joint press release on Thursday (Jul 3). These are part of the household support measures announced by Prime Minister Lawrence Wong at Budget 2025 to help families with child-raising and education-related costs. This is in addition to the annual Edusave contributions provided by the government. Each year, eligible SC students receive Edusave contributions for educational purposes. Earlier this year, primary school students received S$230, while secondary school students received S$290 in their Edusave accounts. Child LifeSG Credit The Child LifeSG Credit will be disbursed from this week to SC children born between 2013 and 2024. Children born in 2025 will receive it in April 2026. The Child Development Account (CDA) trustee of each eligible child will receive the CLC automatically and can access it through the digital wallet in the LifeSG application. No application is required. CLC recipients will be notified via SMS once it has been credited to their digital wallet in the LifeSG app. The credits can be used at physical and online merchants that accept payment through PayNow UEN QR and/or NETS QR to help households with daily expenses such as groceries, pharmacy items, transport, and utilities. Edusave Account, PSEA top-ups Singaporean children born between Jan 1, 2009 and Dec 31, 2012 will receive a S$500 top-up to their Edusave Account, while those born from Jan 1, 2005 to Dec 31, 2008 will get the same amount credited to their PSEA. The funds can be used to pay for approved fees and enrichment programmes, the ministries said. These top-ups will also be disbursed this July. Parents of eligible recipients will be notified via SMS. The ministries reminded parents that SMS notifications will only be sent from ' and will only contain information about the status of the top-up or disbursement. Recipients will also not be asked to reply to the message, click on links, or provide any information. Some Singaporeans online have shared that they already received the Child LifeSG Credit for one of their children while still waiting for the others. Others suggested it may be disbursed in batches. /TISG Read also: Over 950,000 eligible Singaporean households to get U-Save, S&CC rebates this July Featured image by Depositphotos (for illustration purposes only) () => { const trigger = if ('IntersectionObserver' in window && trigger) { const observer = new IntersectionObserver((entries, observer) => { => { if ( { lazyLoader(); // You should define lazyLoader() elsewhere or inline here // Run once } }); }, { rootMargin: '800px', threshold: 0.1 }); } else { // Fallback setTimeout(lazyLoader, 3000); } });
