The Baby Bonus Cash Gift is exactly that — money that you can use however you like, be it to pay for diapers or save up for the future. The Cash Gift is disbursed in five instalments over 18 months. The following infographic shows the schedule of the Cash Gift's instalments:. Then the government will match every dollar you deposit up to specified contribution caps in the account until your child is 12 years old.
The following infographic explains the CDA benefits in a nutshell:. Deciding when to start or expand a family has always been tricky. Depending on the birth order of your child, this is how much you can expect to receive the following amounts through the Baby Bonus Scheme and Baby Support Grant:. Large families may be rare in , but families with 5 or more children receive support too.
You can use the Eligibility Check Tool on the Baby Bonus website to find out if your child is eligible. This means that single parents cannot receive the cash gift. Similarly, parents must also be lawfully married to be eligible for the Baby Support Grant. Parents who qualify for the Baby Bonus Cash Gift automatically qualify for it if your child is born between 1 Oct and 30 Sep Applying for the Baby Bonus Scheme is a straightforward process.
You will be asked to upload some documents when you enrol in the scheme. Make sure your paperwork is ready:. You can submit the online form for your child to join the Scheme as early as 2 months before their estimated delivery date. Please click here for the form. Singaporean parents do not need to make a trip to the bank to open a CDA. The CDA is a special savings account. The Government will match your savings in the CDA within 2 weeks. You can refer to the list of AIs here.
The Government-Paid Leave Schemes e. If your child qualifies, you may proceed to apply by following these steps:. You can access a video on the application process.
If either you or your spouse is a Singapore Citizen at the time of your child's birth, your child will need to obtain Singapore Citizenship by the age of 12 years to be eligible for the full amount of Baby Bonus benefits. The Baby Bonus benefits will be pro-rated according to the date your child obtains Singapore Citizenship.
The amount of pro-ration will depend on the date that the child becomes a Singapore citizen. Parents are required to inform MSF when there is a change in the a custody, care and control, or b care and control of the child. The parent granted the a custody, care and control, or b care and control of the child will be the CDA trustee and the recipient of any remaining Cash Gift.
If there are any Cash Gift outstanding, the remaining balance will be given to the bank account holder in one lump sum. The birth order is pegged to the number of children born alive to the mother or adopted by the mother. For a child who is born or adopted, if applicable on or after 13 July , and the parents had a stillbirth earlier, the stillborn will be counted in the birth order. Step children, non-citizen children and children given up for adoption are not counted in the birth order.
Twins and triplets and other multiple births are counted as separate births. For e. The deceased child is still counted in the birth order when there are subsequent children born to the couple.
Yes, adopted children are eligible if they meet the eligibility conditions. Click here to access BBO. No, there is no such requirement. It is up to you to make savings based on your needs. Do note, however, that interest earned is not considered as a contribution and will not be matched. Savings above the specified Government contribution cap i. These include:. The full list of Approved Institutions can be found here: go.
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