Singapore legislation

Section 13

of Education Endowment and Savings Schemes Act 1992

Section 13

Conditions for withdrawal from Edusave Pupils Fund

Amended by33/201433/2014

(1)

Any money standing to the credit of any member of the Edusave Pupils Fund in his or her Edusave account may be withdrawn from that Fund with the authority of the Edusave Scheme Administrator in accordance with this section and section 14.

Amended by33/2014

(2)

Subject to this section, the parent of a member of the Edusave Pupils Fund below 21 years of age, or a member of that Fund who has attained 21 years of age, is entitled to withdraw at any time the sum standing to the member’s credit in his or her Edusave account for the following purposes:

(a)

where the member is schooling, to defray the whole or part of the member’s expenses as may be necessary to enable the member to take part in any enrichment programme approved by the prescribed school or junior college at which the member is schooling;

(b)

for any other prescribed purpose.[12

Amended by33/2014