Can parents continue saving into their children’s Child Development Account (CDA) to receive Government co-matching up to the current cap?

Question

Accepted Answer

For children born on or after 1 April 2027, they will be eligible for the uniform $5,000 CDA Government co-matching cap.

For children born before 1 April 2027, existing CDA co-matching caps will be retained until 30 September 2027, to give families time to save up to the current caps. From 1 October 2027, the existing CDA co-matching caps will be adjusted to $5,000.

Can parents continue saving into their children’s Child Development Account (CDA) to receive Government co-matching up to the current cap?

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Related questions

What will happen to my child’s existing Child Development Account (CDA) or Child Savings Account (CSA)?

Can parents continue saving into their children’s Child Development Account (CDA) to receive Government co-matching up to the current cap?

Why is the Child Development Account (CDA) dollar-for-dollar co-matching cap not reflected in my child's benefits?

From other agencies

What does Child Development Account (CDA) Government co-matching cap mean and how can I maximise it before CDA closes?

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