Eligible large families in Singapore, ranked the world's second-richest country in 2025 by gross domestic product (GDP) per capita, will receive S$1,000 (US$777) for each third and subsequent child aged one to six on April 28, as part of efforts to ease household costs.

The Large Family LifeSG Credits are part of the government's broader push to support bigger families, those with at least three children, helping to cover everyday expenses such as groceries, transport and utilities.

Families will receive S$1,000 annually from the year a child turns one until the year the child turns six, The Straits Times reported. The 2026 payout applies to children born between 2020 and 2025.

The credits will be automatically deposited into the LifeSG accounts of trustees linked to each eligible child's Child Development Account (CDA), with no application required.

They can be spent at merchants that accept PayNow UEN QR or NETS QR, including supermarkets, pharmacies, utility providers, taxis and private-hire services, the Ministry of Social and Family Development (MSF) said on April 6.

Trustees will receive an SMS from "gov.sg" once the funds are disbursed as a safeguard against scams, according to AsiaOne. MSF added that these messages will only provide disbursement details and will not request replies or personal information.

This marks the second payout under the Large Families Scheme introduced by Prime Minister Lawrence Wong in Budget 2025. The first tranche, distributed in September 2025, benefited about 33,000 Singaporean children.

Earlier on April 2, Wong, who also serves as finance minister, said in a video message that the government would provide targeted support for sectors most affected by rising costs, along with rebates to offset higher electricity bills as the Middle East conflict strains energy supply.

With a GDP per capita of US$90,700, Singapore was ranked second richest country in 2025 only to Switzerland at $100,000. In the third place was Norway with a GDP per capital of $86,800, according to British publication The Economist.

Singapore was also ranked the most expensive city in the world for high-net-worth individuals to live well for the third consecutive year, ahead of London and Hong Kong, according to the Global Wealth and Lifestyle Report 2025. (VnExpress International)