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Why was my Child Development Account (CDA) saving/contribution not co-matched by the Government before the CDA closed?
To receive the Government co-matching in your child's Child Development Account (CDA), the following conditions must be met:
Your deposit must be within the CDA Government co-matching cap; and
You must make the deposit into the CDA before 15 Dec of the year your child turns 12.
Important: If you make a deposit into the CDA after 15 Dec of the year your child turns 12, you will receive the Government co-matching amount in the Post-Secondary Education Account (PSEA) that opens in Feb. Visit the MOE website for more information about PSEA.
Related questions
What happens to the Child Development Account (CDA) balance after my child’s CDA is closed?
What does Child Development Account (CDA) Government co-matching cap mean and how can I maximise it before CDA closes?
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What is the deadline for me to top up the Child Development Account (CDA) in order to receive Government co-matching contributions?
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Can I still receive Government co-matching after my child’s Child Development Account (CDA) is closed?
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