Straits Times Forum
May 17, 2012
MR LEONG SZE HIAN: ‘The article (‘Special-needs kids plan: 98 sign up’; May 4) states that the Special Needs Trust Company, ‘which entrusts the funds with the Public Trustee’s Office, has made an average interest payout of about 3 per cent over the last four years’. As funds disbursed from the nominee Central Provident Fund (CPF) account earn interest of up to 4 per cent a year, with an extra 1 per cent on the first $60,000, why are the parents of eligible special-needs children still being advised to place funds with the Public Trustee’s Office, which pays 1 to 2 percentage points less than the CPF’s Special Needs Savings Scheme?’