Can Approved Institution (AI) deduct administrative fees from the Child Development Account (CDA)?
All Baby Bonus Approved Institutions are not allowed to deduct administrative fees from the CDA. Funds in the CDA are intended to support the educational and developmental needs of children and should not be used to pay for administrative fees.
This includes, but are not limited to, (a) charges for processing CDA payments, (b) penalty fees for the late payment of school fees, and (c) penalty charges and bank charges for failed direct debits in the CDA.
All AIs who are Childminding Operators under ECDA's Childminding Pilot for Infants, are allowed to deduct CDA for the fees for childminding services only.
Please visit Approved Person/Approved Institution Terms and Conditions (refer to Appendix 1 of the T&Cs) to check the types of expenses that an AI can deduct from the CDA.
Related questions
Why are administrative fees not covered as incidental charges at Approved Institutions (AIs) to deduct from the Child Development Account (CDA)?
What are the approved Child Development Account (CDA) expenses payable at Approved Institution (AI)?
Where can I use the Child Development Account (CDA) funds?
Can I use the funds in the Child Development Account (CDA) for my child’s primary or secondary school fees?
