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Singapore Government

Baby Bonus Scheme

Baby Bonus Scheme

The Baby Bonus Scheme is designed to help families defray the costs of raising a child. The Scheme includes a Cash Gift and Child Development Account (CDA) benefits. The Baby Bonus Cash Gift is intended to support parents' out-of-pocket caregiving costs during the first 18 months of a child's life.

Child Order Born between 26 Aug 2012 and 31 Dec 2014 (for each child) Born on or after  1 Jan 2015 (for each child)

1st & 2nd Child

$6,000

$8,000

3rd & 4th Child

$8,000

$10,000

5th and higher

$0

$10,000

Parents will receive the Cash Gift in 5 instalments, over 18 months.

Child Development Account

The CDA is a special savings account for Singaporean children to help build up the savings that can be spent on approved uses at Baby Bonus Approved Institutions. When a CDA is opened, the child will receive CDA benefits comprising (a) the CDA First Step Grant which will be automatically credited after CDA opening and (b) dollar-for-dollar Government co-matching for each dollar that parents deposit in the CDA, up to the co-matching caps shown below. The CDA is opened until the year of the year that the child turns 12 years old.

Birth Order CDA components
Total CDA Benefits
First Step Grant
(no initial deposit from
parents required)1

Maximum Government
co-matching
1stChild $3,000
Up to $3,000 Up to $6,000
2nd Child2 Up to $6,000 Up to $9,000
3rd & 4th Child Up to $9,000 Up to $12,000
5th child and higher Up to $15,000 Up to $18,000

1Applicable for eligible children who are born, or have an estimated date of delivery on or after 24 Mar 2016.
2Applicable for eligible children who are born, or have an estimated date of delivery, on or after 1 Jan 2021. If the child is born before 1 Jan 2021, the maximum Government co-matching is $3,000.

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

For More Info

Baby Bonus Online
Fax: (65) 6708 7137
Email Baby Bonus

 

 

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