If I have not saved up to the co-matching cap by the end of my child’s 12th year, will I still be able to receive co-matching contributions from the Government after the Child Development Account (CDA) is closed?

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Accepted Answer

If your child is eligible for CDA co-matching and you have not saved up to the matching cap by the time the CDA is closed, you may continue to save in the Post-Secondary School Account (PSEA) before your child turns 18 years old, to receive the remaining Government co-matching.

For more information on PSEA, please visit https://www.moe.gov.sg/financial-matters/psea.

If I have not saved up to the co-matching cap by the end of my child’s 12th year, will I still be able to receive co-matching contributions from the Government after the Child Development Account (CDA) is closed?

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Will I still be able to receive dollar-for-dollar co-matching contributions from the Government after the Child Development Account (CDA) is closed?

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