Children bring joy to the family. To support couples in their decision to have more children, the Child Development Co-Savings (Baby Bonus) Scheme helps to lighten the financial costs of raising children. The scheme is part of the Marriage and Parenthood Package and includes a cash gift and contributions to the Child Development Account.
Cash Gift
The Baby Bonus Cash Gift has been enhanced for eligible children born on or after 1 January 2015.
| 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 (inclusive of $2,000 Baby Bonus Plus)
|
|
3rd & 4th Child
|
$8,000
|
$10,000 (inclusive of $2,000 Baby Bonus Plus)
|
|
5th and higher
|
$0
|
$10,000 (inclusive of 2,000 Baby Bonus Plus)
|
Parents will receive the enhanced cash gift in 5 instalments, over 18 months.
| Time |
Amount of cash gift disbursed |
|
First and Second Birth Orders
|
Third and Subsequent Birth Orders |
|
Within 3 weeks after joining the scheme
|
$3,000
|
$4,000
|
|
When the child turns 6 months old
|
$1,500
|
$2,000
|
|
When the child turns 12 months old
|
$1,500
|
$2,000
|
|
<New> Baby Bonus Plus
When the child turns 15 months old
|
$1,000
|
$1,000
|
|
<New> Baby Bonus Plus
When the child turns 18 months old
|
$1,000
|
$1,000
|
|
Total
|
$8,000
|
$10,000
|
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, 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 child 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.
Baby Bonus One-Stop Service
Parents who need assistance to join Baby Bonus online or perform other related e-services may approach the Citizen Connect Centres, or the Baby Bonus One-Stop Centres at the Immigration & Checkpoints Authority and the birth registration counters at these hospitals:
- Gleneagles Hospital
- KK Women’s and Children’s Hospital
- Mount Alvernia Hospital
- Mount Elizabeth Hospital
- Mount Elizabeth Novena Hospital
- National University Hospital
- Parkway East Hospital
- Raffles Hospital
- Singapore General Hospital
- Thomson Medical Centre
For more information
Parents can visit the Baby Bonus website.