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 (CDA).
Cash Gift
The Baby Bonus Cash Gift has been enhanced for eligible children born, or have an estimated delivery date, 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 7 to 10 working days from birth registration or joining the scheme, whichever is later
|
$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
|
|
Baby Bonus Plus when the child turns 15 months old
|
$1,000
|
$1,000
|
|
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 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.
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.
