Budget 2026 Summary

Budget 2026 was announced on 12 February 2026. The measures below also include enhanced support announced in April and July 2026 under the Support Packages in Response to the Middle East Situation.

What support does Budget 2026 give?

Budget 2026 gives support to Singaporean households, families, seniors, workers and businesses, and for AI adoption. The main measures in each group are:

Support for Singaporeans and households

  • CDC Vouchers: Each Singaporean household will receive $500 in June 2026 and $300 in January 2027.
  • U-Save Rebates: Eligible HDB households will receive $110 to $190 in April 2026, July 2026, October 2026 and January 2027, depending on flat type.
  • Service and Conservancy Charges (S&CC) Rebates: Eligible HDB households receive 1.5 to 3.5 months of S&CC rebates in FY2026, depending on flat type, disbursed across April 2026, July 2026, October 2026 and January 2027.
  • Enhanced Cost-of-Living Special Payment: Eligible Singaporeans will receive $400 to $600 in September 2026, depending on income and the annual value of their home.
  • GST Voucher – Cash: Eligible Singaporeans will receive GST Voucher – Cash of $450 or $850, depending on income and annual value of home.
  • Assurance Package Cash: Eligible Singaporeans will receive $100 to $250 in December 2026, depending on income and the Annual Value of their home.

For full details, see Support For Singaporeans.

Support for families

  • Child LifeSG Credits: Every Singaporean child aged 12 and below in 2026 receives $500 in Child LifeSG Credits, disbursed to their trustees via the LifeSG app.
  • Preschool and Student Care Subsidies: From 2027, the monthly household income threshold will be raised from $12,000 to $15,000 for preschool subsidies and from $4,500 to $6,500 for student care subsidies.
  • Enhanced ComCare Interim Assistance: From August to December 2026, lower-income Singaporean households can receive at least $250 per month for up to 3 months.
  • Enhanced ComLink+ Progress Packages: New Partnership Payout of $500 per quarter from Q3 2026 for families in ComLink+, with enhanced payouts for stable employment and regular preschool attendance.

For full details, see Support For Families.

Support for seniors

  • Budget 2026 CPF Top-Up: Eligible Singaporeans aged 50 and above in 2026 will receive $500 to $1,500 in CPF top-up, credited in December 2026.
  • Increased CPF Contribution Rates: From January 2027, CPF contribution rates will be raised by 1.5 percentage points for workers above 55 to 60 and by 1 percentage point for workers above 60 to 65.
  • New Investment Options for CPF Members: The CPF Board will introduce a new scheme in the first half of 2028, giving CPF members an additional investment option. For full details, see Support For Seniors.

For full details, see Support For Seniors.

Support for workers

  • Local Qualifying Salary: The minimum salary for full-time local employees in firms that hire foreign workers will be raised from $1,600 to $1,800 per month from 1 July 2026.
  • Progressive Wage Credit Scheme: Co-funding for employers will be raised from 20% to 30% for wage increases given in qualifying year 2026, and the scheme extends to qualifying years 2027 and 2028.
  • Workfare Skills Support: The basic-tier training allowance will be raised from $6 to $10.50 per hour, capped at 180 hours per year, from July 2026.
  • Employment Pass minimum qualifying salary: For new applicants from 1 January 2027, the minimum qualifying salary will be raised from $5,600 to $6,000 per month ($6,200 to $6,600 in the financial services sector).
  • Senior Employment Credit: Employers will receive wage offsets of up to 7% of the wages of Singaporean workers aged 60 and above who earn up to $4,000 per month, depending on their age and wage.
  • Revisions to the minimum qualifying salary for Employment Pass and S Pass, and adjustments to Work Permit Levy

For full details, see Building A Resilient & Skilled Workforce.

Support for businesses

  • SME Cash Grant 2026: Eligible businesses will receive up to $2,500 in November 2026. No application is needed.
  • Corporate Income Tax (CIT) Rebate: The rebate for Year of Assessment (YA) 2026 will be raised from 40% to 50%, with a minimum benefit of $2,000 and a cap of $40,000 per company.
  • Enterprise Financing Scheme (EFS): The maximum loan quantum for the SME Fixed Assets Loan and Trade Loan will be raised to $50 million per borrower group, shared across all EFS facilities. Government risk-share will also be increased from 50% to 70%.
  • Rental support for stalls in market and hawker centres: Eligible stallholders receive $200 per month for cooked food stalls and $100 per month for market slab or lock-up stalls, from September 2026 to February 2027.
  • Business Adaptation Grant: Grant support levels will be enhanced, to up to 70% of eligible costs for local SMEs, and up to 50% of eligible costs for local non-SMEs.
  • Market Readiness Assistance Grant: Support level for local SMEs will be raised to 70% of eligible costs, extension of the enhanced $100,000 cap per company, and removal of “new to target overseas market” criterion.
  • Enhancements to the Anchor Fund, Startup SG Equity scheme and Equity Market Development Programme

For full details, see Advancing Our Refreshed Economic Strategy.

Support for AI adoption

  • National AI Council: An inter-ministerial committee to provide strategic direction and drive the national AI agenda.
  • AI Missions: Using AI to transform four key sectors of Singapore’s economy: Advanced Manufacturing, Connectivity, Finance and Healthcare.
  • Champions of AI Programme: A flagship national initiative to support leading Singapore-based companies in transforming their business end-to-end with AI.
  • Enterprise Innovation Scheme: Businesses can claim tax deductions or allowances of 400% on up to $50,000 of qualifying AI expenditure for each Year of Assessment (YA) 2027 and 2028.
  • Productivity Solutions Grant: Local SMEs can receive up to 50% of eligible cost for a wide range of AI-enabled solutions.
  • TechSkills Accelerator (TeSA): TeSA expanded to support AI skills training in non-tech, cross-sectoral occupations, starting with the accountancy and legal professions, and progressively extending to other fields.
  • AI Courses on SkillsFuture: MySkillsFuture website redesigned to help Singaporeans find relevant AI courses that match their needs and proficiency levels.
  • Subscription to premium AI tools: Singaporeans who complete selected AI training courses on the MySkillsFuture portal receive six months of free access to premium versions of AI tools.

For full details, see Harnessing AI As A Strategic Advantage.

How do I find out how much Budget 2026 support I will receive?

Use the Support For You Calculator to estimate the Budget 2026 support for you and your household.

For businesses, visit the GoBusiness portal or check out the Budget Navigator for Businesses for more information.