About 540,000 young Singaporeans to benefit from $300 top-up to Edusave Account or Post-Secondary Education Account (PSEA) in May 2023

     About 540,000 Singaporeans aged 7 to 20 this year will each receive a one-off top-up of $300 to their Edusave account or Post-Secondary Education Account (PSEA) in May this year.

2   This one-off top-up is part of the enhancements to the Assurance Package announced at Budget 2023 to provide families with additional support for their children’s education-related expenses in 2023. This is on top of the annual Edusave contribution [1] that the Government makes.

3   Funds in the Edusave account and PSEA can be used to pay for approved fees and enrichment programmes.

4   The top-up will be credited directly into recipients’ Edusave account or PSEA by end-May 2023. No action is required from recipients. Parents of eligible recipients will receive e-notifications via their SingPass app, informing them of the successful top-up by end May 2023. Parents without the SingPass app will be notified through SMS.

More Information on Edusave account and PSEA

5   More information on the Edusave account and PSEA is available at www.moe.gov.sg/financial-matters/edusave-account and www.moe.gov.sg/financial-matters/psea respectively. For enquiries regarding Edusave Account and PSEA balances, please contact 6260 0777.

6   More information on the Assurance Package announced at Budget 2023 is available at go.gov.sg/assurancepackage.

7   For other enquiries, please submit them to our Virtual Assistant “Ask MOE” or refer to Frequently Asked Questions (FAQs) at https://www.moe.gov.sg.  

Issued by:
Ministry of Finance
Ministry of Education
Singapore
28 April 2023 

[1] Annually, Singapore Citizen students receive Edusave contributions from the Government, for educational uses. This year, primary school students received $230 and secondary school students received $290 in their Edusave account – excluding the one-off top-up of $300 as part of the Assurance Package.