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Baby Bonus Scheme

The Baby Bonus Scheme is designed to help families defray the costs of raising a child. The Baby Bonus Cash Gift has been enhanced for eligible children born on or after 1 January 2015:
  • Introduction of a new Baby Bonus Plus of $2,000.
    The Baby Bonus Plus is intended to support parents’ out-of-pocket caregiving costs during the first 18 months of a child’s life, and will be disbursed at the 15th and 18th month mark to provide parents with more sustained support.
  • Extension of enhanced Baby Bonus Cash Gift (i.e. inclusive of the Baby Bonus Plus) to 5th and subsequent children. 
    The Cash Gift has been extended to the fifth and subsequent children, together with the Baby Bonus Plus. 

Child Development Account

The CDA is a special savings account for children to help build up the savings that can be spent on approved uses. When a CDA is opened, the child will receive CDA benefits, including the CDA First Step and Government dollar-for-dollar matching contributions for each dollar parents save, up to the contribution caps shown below:

Child Order CDA Benefits Total CDA Benefits
CDA First Step Dollar-for-Dollar matching 
1st & 2nd Child
$3,000   Up to $3,000 Up to $6,000
3rd & 4th Child
Up to $9,000 Up to $12,000
5th and higher
Up to $15,000 Up to $18,000

Children of unwed parents who are born, or have an estimated delivery date, on or after 1 September 2016 can receive CDA benefits.

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Last Reviewed On Wed, Mar 8, 2017

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