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After COVID-19, in order to offset additional financial woes that may come with having children post-pandemic, the government has provided an addition to the Baby Bonus Scheme in the form of the Baby Support Grant. To aid parents in having and providing for their children, the government will be disbursing a one-time grant of $3,000 […]
Since 2001, the year in which the Baby Bonus Scheme was introduced by the Ministry of Social and Family Development, multiple enhancements have been made to the scheme, whether in terms of individual parts or the scheme as a whole. This is in order to keep up with changing circumstances regarding both the economy and […]
Using the CDA The Child Development Account is one of the benefits of the Baby Bonus Scheme, released by the MSF as part of the Marriage and Parenthood Package. It is a bank account that is established automatically for parents who register their children for the Baby Bonus Scheme (this can be done online) and […]
CDA Deposits and Dollar-Matching The Child Development Account is one benefit offered from the Baby Bonus Scheme, which is situated within the Marriage and Parenthood Package from the Ministry of Social and Family Development. The Child Development Account is exactly that: a bank account that anyone can save into for their children’s healthcare and educational […]
The Baby Bonus Scheme, as part of the Ministry of Social and Family Development’s Marriage and Parenthood Package, was introduced to Singapore in 2001 to encourage parents in Singapore to have more children by offsetting the financial burdens of having one. To that end, as more aspects are added to the scheme, the more difficult […]
The Child Development Account is one of the primary benefits of the Baby Bonus Scheme and is essentially a bank account specifically dedicated to your child’s educational and healthcare needs. Due to the nature of the account and where it comes from, many potential parents are often a little confused about how to manage it; […]
The Baby Bonus Scheme, as a part of the MSF’s Marriage and Parenthood Package, is a financial support aid provided to parents to help offset the costs of having children and to ensure that every child has the resources they need to grow up well. Under this scheme, parents are able to obtain two main […]
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 leftover savings are transferred to the child’s Post-Secondary […]
Baby Bonus Online is the one-stop platform for you to manage all of your needs related to the Baby Bonus Scheme and the newly-released Baby Support Grant. Naturally, many users (that is, parents and caregivers) often have many questions on how to use the platform, and that is specifically what we will try to answer […]