We warmly welcome the birth of your newborn child.
Did you know that your child may qualify for Baby Bonus?
The Baby Bonus helps lighten the cost of raising your child. You
can receive a cash gift and open a Child Development Account
(CDA) to receive Government contributions in the CDA.
Please take some time to read through this Baby Bonus booklet.
For more information, visit www.babybonus.msf.gov.sg/parent.
If you need assistance, please call our hotline at 18002537707.
We wish you a joyful and fulfilling parenthood journey ahead.
C ynthia C han (M s)
CDA First Step Grant
Co-matching of CDA deposits
CDA First Step of $3,000 +
Government Dollar-for-dollar
Matching on CDA savings
Step 1:
CDA First
Step
given in the
CDA
Step 2:
Parent save
in the CDA
Step 3:
We will
match it!
Baby Bonus
Benefits at
a Glance
Baby Bonus Benefits
For children born on or after 24 March 2016:
Table 1 :
Birth Order
CDA Benefits
Cash Gift
(Inclusive of $2,000
Baby Bonus Plus)
1st1st&&2nd
d
2ndChil
Child
$8,000
$8,000
3rd3 rd&&4th4 thChild
Child
$10,000
$10,000
higher
55ththChild
Childand
& higher
$10,000
$10,000
CDA First
Step Grant
$3,000
$3,000
Total Baby
Bonus Benefits
Dollar-for-Dollar
Matching Cap
Up
Upto
to$3,000
$3,000
Upto
to $14,000
$14,000
Up
Upto
to$9,000
$9,000
Up
Upto
to $22,000
$22,000
Up
Upto
to $15,000
$15,000
Up
Upto
to $28,000
$28,000
Up
More information on Baby Bonus benefits for children born before 24
March 2016 can be found on Baby Bonus Online(www.babybonus.msf.gov.sg/parent).
i) Cash Gift
The Baby Bonus cash gift helps to defray the cost of raising and caregiving
for your newborn child during the early years.
You will receive the cash gift according to this schedule:
Table 2 :
Baby Bonus Cash Gift
1
5
Baby Bonus Plus
Birth Order
1st payment
within 10
1
working days
2nd payment
around 6
months old
3rd payment
around 12
months old
4th payment
around 15
months old
5th payment
around 18
months old
1st & 2nd Child
$3,000
$1,500
$1,500
$1,000
$1,000
3rd Child & higher
$4,000
$2,000
$2,000
$1,000
$1,000
From joining the Baby Bonus Scheme or after child’s birth registration (whichever is later).
ii) Child Development Account (CDA)
The CDA is a special savings account for your child. It will be
opened automatically when the child successfully joins the
Baby Bonus Scheme.
We will contribute to the CDA in the form of a CDA First Step
grant of $3,000 plus dollar- for-dollar matching when you
save in the CDA.
).
Government
grants CDA First
Step into CDA
You can save in
the CDA anytime
before 31
December of the
year your child
turns 12
Government
matches your
CDA contributions
within 2 weeks
Your child’s
savings is
multiplied
CDA funds can be used for approved expenses only. They
cannot be withdrawn in cash.
At Baby Bonus Approved Institutions (AIs)2
For medical insurance: Medishield Life
or Medisave-approved plans
2
Please visit our website for the full list of AIs.
A checklist to find out if your child qualifies:
1. Is your child’s birth date or estimated date of delivery
on or after 24 March 2016? 3
If your answer is “Yes” to all of the above questions, your child qualifies
for Baby Bonus!
(If your child is born before 24 March 2016, he or she may also be eligible
for Baby Bonus. You can visit Baby Bonus Online to find out more about
the eligibility criteria)
Fill in the online form and provide:
Personal information of your child and
you:
- attach supporting documents, if
applicable (e.g. citizenship certificate,
adoption order)
Bank account details of the person to
receive the cash gift
Selected CDA bank and the person who
will manage the CDA (i.e. CDA trustee)
(If you are not the CDA trustee, the
trustee must log in to accept the CDA
[www.babybonus.msf.gov.sg/parent]
1
Your child must join the Baby Bonus Scheme before 31
December of the year they turn 12.
2 Both parents will need to agree on who should receive the
cash gift (i.e. Bank Account Holder) and manage the CDA (i.e. CDA
trustee ). A parent who has either:
i) custody, care and control; or
ii) care and control of the child by a Court Order
can appoint the bank account holder and/or CDA trustee
without the consent of the other parent.
3 The CDA trustee has to be at least 18 years old and not
a bankrupt.
4 Your child’s birth order is pegged to the birth mother.
Non-Singaporean children, stepchildren and children given
up for adoption will not be counted in the birth order.
5 The cash gift and Government contributions to the CDA will
be pro-rated if both parents are not Singaporeans at the
point of the child’s birth. The amount of pro-ration will
depend on the date that the child becomes a Singaporean.
6 CDA First Step grant will be automatically credited to the
eligible child’s CDA. Parents can continue to save in the
CDA to enjoy
dollar-for-dollar
matching
by the
Government, up to the respective caps (see Table 1 in pg 5).
7 CDA funds cannot be withdrawn in cash. When the CDA is
closed at the end of the year the child turns 12, any unused
CDA
balance
will be transferred to the child’s
Post-Secondary Education Account (PSEA). Parents can
continue to save in the PSEA if they have not saved up to
the CDA cap for Government matching contributions.
8 Please visit Baby Bonus Online (www.babybonus.msf.gov.sg/parent)
for the full Terms and Conditions.
For further enquiries, please contact the
B aby B onus and Leave B ranch, M SF:
B aby B onus H otline:
Local: 1800-253-7707
O verseas: +65-6253-7707
E mail: msf_babybonus@ msf.gov.sg
Website: www.babybonus.msf.gov.sg/parent
Printed in July 2016