CDA Closure
Your child's Child Development Account (CDA) will be closed on 31 Dec of the year they turn 12 years old.

CDA Fund Transfer Process

1. Transfer to PSEA
   In Jan, unused funds in the CDA will be automatically transferred to your child’s Post-Secondary Education Account (PSEA) under the Ministry of Education (MOE), up to the PSEA cap applicable to your child.

2. Excess CDA Balance (ECB)
   For funds above the PSEA cap (ECB), MSF will send a letter to the CDA trustee with instructions on the refund process. 

3. Opening of PSEA
   In Feb, MOE will send a letter to the parents/guardians to confirm the opening of the PSEA, amount transferred from CDA, and remaining cap eligible for Government co-matching, if any. 

Useful Links

• Check your child's CDA balance and remaining cap for Government co-matching (Parent Portal Services)

• Check your child's PSEA cap (based on birth year)

• Visit the MOE website for more information about PSEA