Frequently Asked Questions

SNTC Trusteeship Scheme

  1. What are the eligibility criteria to open a Trust account with SNTC?
    1. The Beneficiary must be a person with special needs* and
    2. A Singapore citizen or PR and
    3. Residing in Singapore

    * Persons with special needs are persons whose prospects of securing, retaining places and advancing in education, training institutions, employment and recreation as equal members of the community are substantially reduced as a result of physical, sensory, intellectual and/or developmental impairments. This may also include persons with mental disabilities.

  2. What is acceptable Trust property?

    SNTC will only accept cash for the Trust fund.

  3. What about non-cash assets that I intend to transfer to my SNTC Trust fund for my Beneficiary after my demise?

    You should draw up a will and direct the executor under your will to liquidate the non-cash assets and transfer the cash proceeds to your SNTC trust fund set up for your Beneficiary. You can nominate your Central Provident Fund (CPF) savings and insurance payouts to the trust fund.

  4. Can other family members, relatives or friends contribute to the trust fund?

    Yes, the Trust account serves as an infrastructure to receive future gifts. Other contributors can transfer funds to the Trust account directly or nominate the Trust to receive cash assets in their will.

  5. How much must I pay for the SNTC service?

    Service fees are subsidised 90—100% by MSF.

    Type of Fees Fee (S$) Subsidy by MSF After Subsidy (S$)
    One-time Set-Up Fee 1500 90% 150
    Annual Pre-Activation Fee 250 100% 0
    One-time Activation Fee 400 90% 40
    Annual Post-Activation Fee 400 90% 40
  6. Which Trust should I choose – Private Trust or Non-profit SNTC Trust?
      Private Trust Non-profit SNTC Trust
    Objective Accumulation and preservation of wealth Financial security
    Target Clients High net worth individuals served by relationship managers Person with special needs served by social workers
    Minimum sum to set up Trust $50,000 and above $5,000
    Fees Higher fees Affordable fees
    Investment of Trust funds Invest in higher-risk financial products

    Investment is profit driven
    Invest in low-risk, income earning products

    Principal value of trust funds is guaranteed by Goverment
  7. Is the Trust revocable?

    The SNTC Trust is irrevocable because this Trust is intended to provide for the financial and care needs of your Beneficiary when you are unable or no longer around to take care of him/her. Once the Trust is set up, it cannot be undone or revoked.

  8. What are the risks associated with setting up a trust fund under the SNTC Trusteeship Scheme?

    Trust funds under the SNTC Trusteeship Scheme are held by the Public Trustee in a Common Fund and invested in low-risk income earning investments. The principal value of your committed funds is guaranteed by the Government. For more information on the Public Trustee’s practices, please visit www.ipto.gov.sg.

  9. When does the Trust start to disburse funds to support the Beneficiary?

    The Trust account will only commence the disbursement of funds to support the Beneficiary after the death or incapacitation of the caregiver. Any request for disbursement from the Trust prior to this occurrence is subject to SNTC’s approval.

  10. How are funds disbursed from the Trust?

    Funds are disbursed from the Trust in accordance with the Letter of Intent, which sets out the expenses required to support the Beneficiary. The care plan is reviewed to ensure that it remains current to the Beneficiary’s needs.

  11. What will happen to the Beneficiary if funds in the Trust is used up in his or her lifetime?

    After the Trust is activated, SNTC will continue to review the Beneficiary’s Care Plan and monitor the expenses. SNTC will alert the Beneficiary’s appointed caregiver when the Trust only has sufficient funds to support the Beneficiary for another 5 years. The appointed caregiver will be advised to top up the Trust or adjust the Beneficiary’s monthly expenses to support the Beneficiary for a longer period of time. SNTC will also refer the appointed caregiver to other resources in the community if necessary.

  12. I am unable to raise enough money to set up an SNTC Trust. What should I do?

    You should contact us and speak to one of our Case Managers to discuss possible solutions to your problem. SNTC is committed to helping the community of persons with special needs and we will look into the possibility of using funds from our donors to help reduce the financial burden of setting up a Trust for your dependant.

  13. Can I specify exactly how I want the Trust to be used for my Beneficiary?

    Yes. SNTC’s Case Manager will work out a Care Plan with you to consider the financial and care needs of your Beneficiary, and these will be set out in the Letter of Intent to be attached to the Trust Deed.

Letter of Intent

  1. What is specified in the Letter of Intent?

    The Letter of Intent sets out various aspects of the needs of your Beneficiary such as accommodation, daily living needs (food, clothing, transport etc), educational needs, employment and training needs, medical and dental needs, professional support needs and other areas of concern.

  2. Can the Beneficiary have a say in the Letter of Intent and how funds are disbursed?

    Yes. If your Beneficiary is high-functioning, we encourage you to bring him/her along to meet our Case Managers when the Letter of Intent is being drafted or reviewed.

  3. Can I make changes to the Letter of Intent?

    Yes, you can make changes to the Letter of Intent and this will be replaced in the Trust Deed. SNTC’s Case Manager will review the Care Plan with you and document any changes you propose.