The checks are conducted in accordance with the Singapore Standard on Related Services SSRS 4400 Engagements to Perform Agreed-upon Procedures Regarding Financial Information to establish whether:
Provision of Service Required
KiFAS is currently being managed by the ECDA. During 2015 budget, changes had been made to the KiFAS, resulting in its fee being more affordable to children from low and middle-income families. KiFAS has also been extended to families with a gross household income of up to $6,000, allowing them to receive more support up to $160 dollars a month.
1. Child-care / Infant care Subsidies
- All residents of Singapore are eligible to get the basic subsidy; whereas families, where mothers are working at least 56 hours per month and are earning below $7,500 per annum, are entitled to an additional subsidy.
- Similarly, additional subsidies are also available to families with a large number of dependents. The subsidies for families having more than 5 members are calculated based on their per capital income (PCI).
2. Student Care Subsidies
- Both husband and wife are working for at least 56 hours but earning less than $4,000, eligible to get student-care subsidies for their children who are between 7 to 14 years old.
3. Kindergarten Fee Assistances Scheme (KiFAS)
- It is available to all children who are Singapore citizens, even if their parents are non-Singaporean.
- For families with 5 or more members, KiFAS for the dependents is computed based on Per Capita Income (PCI).
- Parents earning a gross income of $2,500 or below are eligible to get 99% of monthly kindergarten fee or $170 per month, whichever is higher.
- In case of any change in financial situation or circumstances, a new application for KiFAS needs to be submitted.
- After every two years, parents’ income is re-verified and KiFAS computation is re-assessed.
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