Last Updated on June 26, 2023 by Parentology What Happens To The Baby Bonus & Child Development Account (CDA) When Your Child Grows Up? The CDA is a savings account for your children, set up from the point of birth and lasting until your children are twelve, at which point the account is closed. Any … Continue reading What Happens To The Baby Bonus & Child Development Account (CDA) When Your Child Grows Up?