The SNTC was set up to provide affordable and risk-free trust management services for persons with special needs. The initial capital for opening an SNTC Trust account is $5,000 and the principal value of the trust fund is guaranteed by the Government . With the enhancement of dollar-to-dollar co-matching grant by the government, the cash outlay for families to set-up a Trust account for their PwD will be further reduced. Those who cannot afford this quantum will be assessed for financial sponsorship.

On the other hand, private Trust companies that invest in higher-risk financial products may offer better returns and accumulation of wealth. Those who have higher risk appetite and can afford their higher fees and initial capital for opening a private Trust account (which could start from at least $50k) may find such companies more suitable in meeting their long-term financial plans and needs.

Parents of children with special needs may also wish to consider applying for the Special Needs Savings Scheme (SNSS), which is administered by the SNTC. The SNSS allows such parents to nominate their CPF savings to their special needs children when they pass on, such that the savings be disbursed regularly in smaller fixed payouts, instead of a single lump sum.

The SNSS and SNTC Trust complement each other. Parents who would like to have a more customised and case-managed service for their children with special needs can opt for the SNTC Trust. Those who need more information on the SNSS and SNTC Trust can contact the SNTC directly at enquiries@sntc.org.sg.