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Declaration Of Financial Support

Declaration Of Financial Support for Singapore

Declaration Of Financial Support Template for Singapore

A Declaration of Financial Support is a legally binding document used in Singapore where an individual formally commits to providing financial support to another person. This document is commonly required for immigration purposes, student visa applications, and family support arrangements. It must comply with Singapore's legal requirements, including proper execution before a Commissioner for Oaths and adherence to relevant legislation such as the Immigration Act and the Oaths and Declarations Act.

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Declaration Of Financial Support

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What is a Declaration Of Financial Support?

The Declaration of Financial Support is a crucial document in Singapore's legal framework, particularly in immigration and family support contexts. It serves as a formal commitment by an individual (the declarant) to provide financial support to another person (the beneficiary). This declaration is commonly required for student pass applications, dependent pass applications, or family maintenance arrangements. The document must include specific details about the declarant's financial capacity, the extent of support promised, and the duration of the commitment. Under Singapore law, such declarations must be properly executed before a Commissioner for Oaths and may need to be accompanied by supporting documentation such as income statements and bank records.

What sections should be included in a Declaration Of Financial Support?

1. Declarant Details: Full legal name, identification details, address, and contact information of the person making the declaration

2. Beneficiary Details: Full details of the person(s) being supported including their full name, identification, relationship to declarant

3. Financial Commitment: Specific amount or nature of financial support being committed, including frequency and method of support

4. Duration of Support: Period for which the support will be provided, including start date and end date if applicable

5. Declaration Statement: Formal statement affirming the truth of the declaration and understanding of legal obligations

What sections are optional to include in a Declaration Of Financial Support?

1. Employment Details: Details of declarant's employment and income, used when required for immigration or visa purposes

2. Asset Declaration: List of assets owned by declarant, included when proving financial capacity

3. Additional Supporters: Details of other individuals providing support, if applicable

4. Special Conditions: Any specific conditions or limitations to the support

What schedules should be included in a Declaration Of Financial Support?

1. Proof of Income: Salary statements, tax returns, or other income documentation

2. Bank Statements: Recent statements showing financial capacity

3. CPF Statements: Central Provident Fund statements showing savings and contributions

4. Identity Documents: Copies of identification documents for all parties involved

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Singapore

Publisher

tiktok成人版

Document Type

Declaration Form

Sector

Compliance

Cost

Free to use
Relevant legal definitions




















Clauses




















Industries

Immigration Act (Chapter 133): Primary legislation governing immigration matters in Singapore. Relevant for financial support declarations used for immigration purposes, particularly for student passes or dependent passes applications.

Women's Charter (Chapter 353): Key legislation dealing with family law in Singapore, particularly relevant for spousal or child maintenance obligations and financial responsibilities within families.

Maintenance of Parents Act (Chapter 167B): Legislation specifically dealing with obligations for supporting elderly parents in Singapore, including financial support requirements and enforcement mechanisms.

Central Provident Fund Act (Chapter 36): Legislation governing Singapore's social security savings system, relevant for proving financial capacity and considerations regarding retirement savings.

Employment Act (Chapter 91): Main labor law of Singapore, relevant for proving income sources and employment terms that affect financial capacity in support declarations.

Stamp Duties Act (Chapter 312): Legislation governing the stamping requirements for legal documents in Singapore, including associated fees and procedures.

Oaths and Declarations Act (Chapter 211): Legislation governing the proper execution of declarations and requirements regarding commissioners for oaths in Singapore.

ICA Requirements: Immigration & Checkpoints Authority guidelines and requirements for financial support declarations in immigration contexts.

MOE Guidelines: Ministry of Education guidelines relevant when the financial support declaration is related to educational purposes or student support.

MAS Regulations: Monetary Authority of Singapore regulations applicable when the financial support declaration involves financial institutions or banking matters.

Teams

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