Search results
Cash Gift and Child Development Account (CDA) Join Baby Bonus to get a cash gift and open a CDA – a special savings account which can be used for your child’s educational and healthcare expenses at Baby Bonus Approved Institutions.
The Baby Bonus Scheme helps you manage the costs of raising a child. It comprises the (i) Baby Bonus Cash Gift (BBCG) and (ii) Child Development Account (CDA) benefits comprising First Step Grant and Government co-matching of parents’ savings. The Baby Bonus Scheme was enhanced in 2023 for eligible children born on or after 14 Feb 2023.
Cash Gift. You can expect to receive the cash gift within 7 to 10 working days of your child's birth registration, or after your child's enrolment into Baby Bonus Scheme, whichever is later. The cash gift is disbursed every 6 months till the child turns six-and-a-half years. You can use the cash gift to pay for your newborn child's expenses.
Jun 26, 2024 · Eligible Singaporean children born on or after 14 Feb 2023 will qualify for the enhanced Baby Bonus Cash Gift announced at Budget 2023. Eligible Singaporean children in the first and second birth order will receive $11,000 while children in the third and subsequent birth orders will receive $13,000. Cash Gift will be disbursed on a regular ...
Eligible Singaporean children born on or after 14 Feb 2023 will qualify for the enhanced Baby Bonus Cash Gift announced at Budget 2023. Eligible Singaporean children in the first and second birth order will receive $11,000 while children in the third and subsequent birth orders will receive $13,000. Cash Gift will be disbursed on a regular ...
Feb 19, 2023 · What you need to know about the Baby Bonus cash gift payout and Child Development Account to offset the cost of raising children in Singapore.
The Baby Bonus Scheme is a Government Scheme administered by the Ministry of Social and Family Development (MSF) to help parents manage the costs of raising children. It comprises a cash gift and Government contributions into the Child Development Account (CDA), which will be opened for your child.
Feb 14, 2023 · The Baby Bonus Cash Gift will be increased by S$3,000 for babies born from Tuesday (Feb 14), announced Deputy Prime Minister Lawrence Wong in his Budget speech.
Jun 21, 2024 · The Baby Bonus Scheme, which was introduced on 1 April 2001, supports parents' decision to have more children by helping to lighten the financial costs of raising children. The Baby Bonus Scheme consists of two components - a cash gift and a Child Development Account.
Feb 14, 2023 · Manage child-raising costs with a bigger Baby Bonus Cash Gift. Under the enhanced Baby Bonus Scheme, you can receive $11,000 in cash (up from $8,000) for your first and second child, and $13,000 (up from $10,000) for your third and subsequent children. This helps to lighten the financial outlay when it comes to raising your child.
