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What are the Baby Bonus benefits for an eligible child?


Updated by MSF

Eligible Singapore citizen child may receive:

 

  1. Baby Bonus Cash Gift

  • Cash gift will be paid into your child's Child Savings Account (CSA) every 6 months till your child is 6.5 years old

  • CSA is a joint savings account that will be opened automatically with the CDA

  1. Child Development Account (CDA) benefits

  • First Step Grant: This is a 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

  • CDA is a special savings account for selected expenses at Baby Bonus Approved Institutions

 

The eligibility and amount of benefits may vary based on when the child becomes a citizen, the birth order and the parent's marital status.

 

You can check your child’s eligibility using the "Check your child’s eligibility“ on LifeSG.  

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