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?
If your child is eligible for Child Development Account (CDA) Government co-matching and you have not saved up to the co-matching cap by the time the CDA is closed, you may continue to save in your child’s Post-Secondary School Account (PSEA) before your child turns 18 years old, to receive the remaining Government co-matching in the PSEA.
For more information on PSEA, please visit MOE website.
Related questions
Do I need to save up to the Child Development Account (CDA) Government co-matching cap before my child’s CDA closes?
Can I still receive Government co-matching after my child’s Child Development Account (CDA) is closed?
Why was my Child Development Account (CDA) saving not co-matched by the Government before the CDA closed?
What is the deadline for me to top up the CDA in order to receive Government co-matching contributions?
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