![]() ![]() Government co-matching of parents’ savingsĮnjoy dollar-for-dollar matching from the Government when you save into your child’s CDA, up to the Government co-matching cap. The CDA First Step Grant will be automatically deposited when you open the CDA for your child at any of the following banks: DBS/POSB, OCBC or UOB. The Government has enhanced the CDA by increasing the CDA First Step Grant by $2,000 (from $3,000 to $5,000) for children in all birth orders. The First Step Grant is deposited into the CDA without you having to save first, and your subsequent savings will beĬo-matched by the Government, up to a cap.Ĭhild Development Account First Step Grant The Child Development Account (CDA) is a special savings account for your child. Note: Children born from 14 February 2023 would have received the first disbursement of their BBCG at birth. *The figures in bold reflect post-enhancement amounts, with changes from current quantum indicated in parentheses. You are lawfully married to your spouse.įor more information on the Baby Bonus Cash Gift, visit go.gov.sg/bboĬheck your eligibility for the cash gift at Ĭurrent Disbursement Schedule and QuantumĬhildren in the 3rd and subsequent birth order.Your child is eligible for the Baby Bonus Cash Gift if: This way, parents can receive sustained support all the way till their child enters primary school. ![]() The Government has increased the BBCG by $3,000 for children in all birth orders, and adjusted the payout schedule to provide financial support on a regular basis, once every six months till Applicable for eligible Singaporean children born on or after 14 February 2023. *Figures in bold reflect post-enhancement amounts. Child Development Account (for approved uses, such as healthcare and preschool fees) ![]()
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