With the changes to the Baby Bonus Services from 1 July 2024, will there be any change to the Baby Bonus Scheme benefits?

Eligible children will continue to enjoy the same benefits under the Baby Bonus Scheme, which comprises the following:
i) Baby Bonus Cash Gift
Paid into your child's Child Savings Account (CSA) every 6 months till your child is 6.5 years old
ii) Child Development Account (CDA), a special savings account for selected expenses at Baby Bonus Approved Institutions
First Step Grant: One-off amount automatically paid into the CDA
Government co-matching: Receive an extra dollar for every dollar you deposit into the CDA, up to your child's eligible cap Check your child's Baby Bonus eligibility and benefit levels at go.gov.sg/bbeligibilitycheck.
Need more help?
Get in touch