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Can I transfer my child’s Child Development Account (CDA) balance to another child’s CDA?
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.
Related questions
Can I open a new Child Development Account (CDA) directly with any of the Child Development Account (CDA) banks?
Can I use a joint account to apply for Child Development Account?
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Can I use the funds in the Child Development Account (CDA) for my child’s primary or secondary school fees?
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Why is my child’s Child Development Account (CDA) balance different from the total CDA benefits received?
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