What is the Baby Bonus Scheme?
The Baby Bonus Scheme is part of the Marriage and Parenthood Package to help parents manage the cost of raising children. The Baby Bonus Scheme comprises the Baby Bonus cash gift and/or the Child Development Account (CDA) benefits.
When a child is enrolled under the Baby Bonus Scheme, a Child Savings Account (CSA) will be opened automatically when a CDA is opened for the child. The Baby Bonus cash gift will be paid to the Child Savings Account (CSA) and the CDA benefits which consists of Government dollar-for-dollar co-matching (up to a cap) and/or CDA First Step, will be credited to the child’s CDA.
More information can be found on LifeSG. You can also check your child’s eligibility and Baby Bonus Benefits using the "Check your child’s eligibility" on LifeSG.