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What are the reasons behind the expanded usage of Child Development Account (CDA) on incidental charges at preschools?


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Updated by MSF

As part of the Government’s continual effort to strengthen support for families and improve scheme administration, the Ministry of Social and Family Development (MSF) and PMO-SG conducted a review on the scope CDA usage, involving parents and Approved Institutions (AIs).

 

The expansion of CDA usage to cover more incidental charges at preschools that are Baby Bonus AIs will better meet families' needs by providing more comprehensive financial support for their preschoolers. This includes enrichment programmes provided by preschools, such as speech, drama, robotics, and coding classes, allowing preschoolers to fully tap on the learning opportunities offered by their preschools.

 

Depending on the child’s birth order, families who save up to the co-matching cap will be able to tap on Government funding of between $9,000 to $20,000 in their children’s CDA.


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