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Singapore Budget 2025: Key Updates for Businesses 📢 The latest Budget introduces tax rebates, funding boosts, and workforce support to help SMEs navigate rising costs and drive growth. Key highlights: ✅ Higher wage support for lower-income workers ✅ $3B boost for business productivity & innovation ✅ New AI & cloud funding for digital transformation ✅ Extended CPF & senior employment support Want the full breakdown? Download the PDF for all the key details. ⬇️ Not sure how these updates impact your business? Let’s connect and chat about how to maximise these benefits. 💬 #SingaporeBudget #SME #BusinessGrowth

2025 Budget Updates for SMEs: What You Need to Know

2025 Budget Updates for SMEs: What You Need to Know

The 2025 Singapore Budget is here!

As a business owner, it’s crucial to understand how these changes will impact your financial planning. From tax rebates to funding opportunities, here’s a quick rundown of the key updates that could shape your business’s next steps:

Key Updates for Businesses:

📌 Corporate Income Tax Rebate – A tax rebate to ease financial burdens.
📌 Enterprise Financing Scheme – Trade Loan – Loan cap increased to S$10M to support business growth.
📌 Market Readiness Assistance – Enhanced grant cap of S$100K extended until March 2026.
📌 Double Tax Deduction for Internationalisation – Extended until December 2030 to encourage overseas expansion.
📌 Progressive Wage Credit Scheme (PWCS) – Higher government co-funding for wage increases for lower-wage workers.
📌 SkillsFuture & Workforce Support – New funding for job redesign, upskilling, and employer-led training.
📌 Senior Employment & CPF Enhancements – Extended wage offsets for hiring seniors and gradual CPF contribution increases from 2026.

How These Updates Impact Your Business:

✅ Financial Support – For workforce wages, training, and innovation.
✅ New / Enhanced Funding Options – To help you grow and transform digitally.
✅ CPF Changes – Plan for the gradual increase in contributions from 2026.

Why These Updates Matter to You:

  • Optimise your cash flow and manage risks effectively.
  • Leverage new funding and tax benefits for business growth and internationalisation.
  • Stay compliant and make the most of available support programs.

Get Your Full Updates:

Download the complete breakdown of the 2025 Budget Updates.

Want personalised insights into how these updates affect your business? Let’s connect on LinkedIn or reach me out at 8845 0748 to discuss how you can benefit from these changes. I’m here to help you navigate these changes and ensure your business is on track for success.

Important: The information and opinions in this article are for general information purposes only. They should not be relied on as professional financial advice. Readers should seek unbiased financial advice that is customised to their specific financial objectives, situations & needs. This advertisement or publication has not been reviewed by the Monetary Authority of Singapore.

Published By:

Lee Wei Ying

Business booming, but your personal wealth isn’t? 😟

Retirement, healthcare, legacy plans… all agak-agak (by feeling)?

I meet many SME owners over 40. They are doing well in business, but they still worry.

They worry about retirement, healthcare, and how to leave a legacy for their loved ones.

That’s where I come in.

I help business owners transform profitable businesses into lasting wealth. This way, you can fund your life, protect your wealth, and pass it on smoothly.

I’ve worked as a Finance Business Partner for over 20 years from senior corporate roles to now running an accounting firm that helps SME owners stay compliant through tax, accounting, audit, and secretarial services.

Over the years, the taukays I work with have shared what really works:

“Don’t just grow the business. Use it to fund the life you want, protect your wealth, and pass things on properly.”

That stuck with me.

Because on the flip side, I’ve seen what happens when we delay:

  • Revenue goes up, but personal reserves stay afloat
  • One health crisis or business hit wipes everything
  • Legacy planning keeps getting pushed “next year”
  • Retirement feels off-track

So now, I work alongside clients to put a clear wealth framework in place:

✅ Tax-smart growth — Align profits with your life goals. This helps you optimize your wealth.

✅ Conflict-free handovers — Pass on wealth and harmony

✅ Holistic protection — Tax, risk, and legacy working together

Just someone to help you connect the dots between your business and your bigger life goals.

Rethinking?

→ Where’s YOUR money really going?

→ Is your legacy plan just… waiting?

→ Inflation eating your nest egg?

Let’s build a plan that protects what you’ve built AND funds what’s next.

👉 DM me to chat—no pressure, just real talk.

Email me at weiying@fapl.sg or WhatsApp me here.

我帮助企业家稳健发展、保护资产和成功退出，从而帮助您积累财富、自信退休，并实现您理想的生活方式.  (请参阅中文版-My Specialties)

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In compliance with the Personal Data Protection Act, Financial Alliance Pte Ltd (“FAPL”) seek your consent to collect and use your personal data (e.g. name, NRIC, contact numbers, mailing addresses, email addresses and photograph) for the purposes of and in accordance with FAPL’s Data Protection Policy, which can be found on FAPL’s website at https://fa.com.sg/data-protection-policy/.

根据《个人数据保护法》，鑫盟理财私人有限公司征求您的同意向您收集并使用您的个人信息。鑫盟理财将根据公司的个人数据保护政策所阐述的用途使用您的个人资料（例如姓名，证件号码，联系电话，邮寄地址，电邮地址和照片）。 该政策可在本公司网站上查寻，网址为 https://fa.com.sg/data-protection-policy/.

By submitting this form, you are deemed to have read and understood FAPL’s Personal Data Policy.

提交此表格，即表示您已阅读并理解鑫盟理财私人有限公司的个人数据政策

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  • I have read and understood FAPL’s Personal Data Policy, and hereby give my acknowledgement and consent to FAPL to use my personal data in accordance with FAPL’s Personal Data Policy.
  • 我已阅读并理解鑫盟理财私人有限公司的个人数据保护政策，并同意鑫盟理财私人有限公司根据个人数据保护政策所阐述的用途使用我的个人资料。
  • I have read and understood the disclaimers above and hereby affirm my acceptance of these terms.
  • 我已阅读并理解了上述免责声明，特此声明接受这些条款。
  • I have not been directly contacted or approached by any representative or employee of FAPL with an offer or solicitation to apply for any financial products not offered in my home country.
  • 鑫盟理财私人有限公司的代表或员工并未直接与我联系或提出要约或招揽购买我原居住国境内所不提供的任何金融产品.
  • Financial Alliance Pte Ltd ( “FAPL”) is licensed by the Monetary Authority of Singapore (“MAS”) and allowed to conduct financial advisory activities in accordance with the Financial Advisers Act (Cap. 110) (“FAA”) and the Securities & Futures Act (Cap. 289) (“SFA”) within the jurisdiction of the Republic of Singapore and in accordance with the licenses granted by MAS
  • 鑫盟理财私人有限公司( “鑫盟理财”)持有由新加坡金融管理局(“MAS”)所颁发的牌照，并许可在新加坡共和国境内依据财务顾问法（第110章）和证券与期货交易法（第289章）进行财务咨询等相关业务
  • Any services provided by FAPL to persons not ordinarily resident in Singapore are provided solely on an offshore basis from Singapore, resulting from direct enquiry on the part of the foreign residents.
  • 鑫盟理财为非新加坡居民所提供的任何服务仅限于直接向鑫盟理财发出咨询请求的国外居民。
  • As an integral part of the provision of such services, FAPL may from time to time make available to such residents, documents and information making reference to capital markets products (for example, in connection with the provision of fund management or investment advisory services outside of the foreign jurisdiction).
  • 作为提供此类服务的一部分，鑫盟理财会不时向此类咨询者提供有关产品的参考文件和信息（例如，关于海外司法管辖区以外的资金管理或投资咨询服务等信息）。
  • Such documents and information are provided by Financial Alliance Pte Ltd (“FAPL”) is for general information only and is not intended for anyone other than the recipient.
  • 此类由鑫盟理财所提供的文件和信息仅供收件人做一般信息参考。
  • It does not take into account the specific investment objectives, financial situation or particular needs of any particular person.
  • 此类文件和信息不会把-个人投资目标，财务状况或其特定需求等考虑在内。
  • It does not constitute the making available of, or an offer or solicitation by FAPL to buy or sell or subscribe for any such capital markets product or to enter into a transaction or to participate in any particular trading or investment strategy nor an advice or a recommendation with respect to such financial products.
  • 鑫盟理财向该人士提供此类文件和信息将不构成要约或招揽购买或出售或认购任何此类资本市场产品，或达成交易或参与任何特定的投资策略，也不构成有关此类金融产品的建议或推荐。
  • These documents may not be published, circulated, reproduced or distributed in whole or in part to any other person without FAPL’s prior written consent.
  • 未经鑫盟理财的事先书面同意，不得将这些文件全文或部分发布，传播，复制或分发给其他人。
  • This document is not intended for distribution to, publication or use by any person in any jurisdiction, where such distribution, publication or use would be contrary to applicable law or would subject FAPL and its related corporations, connected persons, associated persons and/or affiliates to any registration, licensing or other requirements within such jurisdiction.
  • 鑫盟理财无意在分发，出版或使用此类文件可能违反当地法律，或本公司及关联公司或关联人士需要注册，获得许可或符合规定的司法权区向当地人士分发、出版此类文件或供其使用。
  • You shall ensure that you have and will continue to be fully compliant with all applicable laws in your home country when entering into discussion or contracts with FAPL.
  • 在与鑫盟理财进行讨论或签订合约时，您应确保您已完全遵守并将继续遵守您所在原居住国的所有适用法律及条规。

In compliance with the Personal Data Protection Act, Financial Alliance Pte Ltd (“FAPL”) seek your consent to collect and use your personal data (e.g. name, NRIC, contact numbers, mailing addresses, email addresses and photograph) for the purposes of and in accordance with FAPL’s Data Protection Policy, which can be found on FAPL’s website at https://fa.com.sg/data-protection-policy/.

根据《个人数据保护法》，鑫盟理财私人有限公司征求您的同意向您收集并使用您的个人信息。鑫盟理财将根据公司的个人数据保护政策所阐述的用途使用您的个人资料（例如姓名，证件号码，联系电话，邮寄地址，电邮地址和照片）。 该政策可在本公司网站上查寻，网址为 https://fa.com.sg/data-protection-policy/.

By submitting this form, you are deemed to have read and understood FAPL’s Personal Data Policy.

提交此表格，即表示您已阅读并理解鑫盟理财私人有限公司的个人数据政策