Can unused Large Family LifeSG Credits be encashed or carried forward to the next year?
Large Family LifeSG Credits (LFLC) cannot be encashed or carried forward to the next year. It cannot be converted into any other form of credits (for example, LFLC may not be used to pay for goods or services of a lower value for the person to receive the difference back in cash or by means of a credit note).
Related questions
Will my child's birthdate affect whether they qualify for the Large Family LifeSG Credits in a given year?
Will my child still be eligible to receive the Large Family LifeSG Credits if there is a change in the Child Development Account trustee for the child?
Can unused Child LifeSG Credits be carried forward to the next year?
When will I receive the Large Family LifeSG Credits payment?
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