The Government has increased theĬo-matching cap by $1,000 for children in the first and second birth orders.You can save into and use the CDA at any time before 31 December of the year your child turns 12 years old. Government co-matching of parents’ savingsĮnjoy dollar-for-dollar matching from the Government when you save into your child’s CDA, up to the Government co-matching cap. The CDA First Step Grant will be automatically deposited when you open the CDA for your child at any of the following banks: DBS/POSB, OCBC or UOB. The Government has enhanced the CDA by increasing the CDA First Step Grant by $2,000 (from $3,000 to $5,000) for children in all birth orders. The First Step Grant is deposited into the CDA without you having to save first, and your subsequent savings will beĬo-matched by the Government, up to a cap.Ĭhild Development Account First Step Grant The Child Development Account (CDA) is a special savings account for your child. Note: Children born from 14 February 2023 would have received the first disbursement of their BBCG at birth. *The figures in bold reflect post-enhancement amounts, with changes from current quantum indicated in parentheses.

You are lawfully married to your spouse.įor more information on the Baby Bonus Cash Gift, visit go.gov.sg/bboĬheck your eligibility for the cash gift at Ĭurrent Disbursement Schedule and QuantumĬhildren in the 3rd and subsequent birth order.Your child is eligible for the Baby Bonus Cash Gift if: This way, parents can receive sustained support all the way till their child enters primary school.

The Government has increased the BBCG by $3,000 for children in all birth orders, and adjusted the payout schedule to provide financial support on a regular basis, once every six months till

Applicable for eligible Singaporean children born on or after 14 February 2023. *Figures in bold reflect post-enhancement amounts. Child Development Account (for approved uses, such as healthcare and preschool fees)

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