Singapore to unveil improved family office tax incentives, says minister

SINGAPORE, June 24 (Reuters): Singapore's central bank will announce improved tax incentives in July to recognise the charitable contributions of family offices - companies that manage wealthy families' assets, a senior minister has announced.

Family offices will also benefit from making contributions to blended finance, a mix of public and private capital, under the changes by the Monetary Authority of Singapore (MAS), Senior Minister and MAS Chairman Tharman Shanmugaratnam said at an event by the Association of Banks in Singapore (ABS).