Short, Simple and Interesting FAQs
The Edusave program in Singapore offers various avenues for additional contributions or top-ups to an Edusave account to further support a child’s education. These top-ups can come from different sources and are intended to supplement the funds available in the Edusave account: Government Contributions: Annual Edusave Contributions: The Singapore government provides annual contributions to eligible … Read more
The Post-Secondary Education Account (PSEA) and Edusave are two distinct accounts in Singapore designed to serve different educational purposes: Post-Secondary Education Account (PSEA): Purpose: PSEA is specifically created to assist individuals in financing their post-secondary education, including courses at polytechnics, institutes of technical education (ITEs), and universities. Eligibility: Singaporean citizens are eligible for a PSEA … Read more
In Singapore, withdrawing money directly from an Edusave account isn’t typically allowed. Edusave funds are intended to be used for specific educational expenses rather than being withdrawn as cash. However, you can utilize the funds in your Edusave account for approved educational purposes, such as: School Fees: Paying school-related fees, including miscellaneous fees and standardized … Read more
Money in an Edusave account is dedicated to supporting a student’s educational journey in Singapore. Here’s what typically happens with the funds in an Edusave account: Usage for Educational Expenses: School-Related Costs: Edusave funds can be used to cover various educational expenses while the student is in school. School Fees: Payment of school fees, including … Read more
The Child Development Account (CDA) and Edusave Account serve different purposes in Singapore and are aimed at supporting different stages of a child’s development and education. Child Development Account (CDA): Purpose: The CDA is primarily established to assist parents in saving for their child’s healthcare, childcare, and early education expenses. Usage: Funds in the CDA … Read more