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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?
The Large Family LifeSG Credits (LFLC) disbursed to the original Child Development Account (CDA) trustee will remain unchanged. The new CDA trustee's eligibility to receive LFLC will be assessed by default in the following year.
If there are unforeseen circumstances where the original CDA trustee is unable to utilise the credits (e.g. deceased after credits disbursement or incarcerated), the new CDA trustee may appeal to MSF to transfer the unused credits.
Related questions
When will I receive the Large Family LifeSG Credits payment?
My spouse and I are undergoing divorce. Can the Government ensure that my spouse who is the Child Development Account trustee, does not receive the Large Family LifeSG Credits?
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How do I change my child’s Child Development Account trustee to get Large Family LifeSG Credits?
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What happens if the child’s Child Development Account trustee passes away after receiving the Large Family LifeSG Credits payment?
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