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Can I transfer my child’s Child Development Account (CDA) balance to another child’s CDA?


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Updated by MSF

You cannot transfer your child's Child Development Account (CDA) balance to another child's CDA.

Nonetheless, you can use the savings in the CDA to pay for approved educational and healthcare expenses of your child and his or her siblings at the Baby Bonus Approved Institutions, before the CDA is closed at the end of the year your child turns 12.


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