Do I need to save up to the Child Development Account (CDA) Government co-matching cap before my child’s CDA closes?
You can save and receive the Government co-matching amount in your child’s Child Development Account (CDA) until 15 Dec of the year your child turns 12. If you have not reached the co-matching cap by the time the CDA closes, you can continue saving and receiving the Government co-matching amount in their Post-Secondary Education Account (PSEA) until they turn 18.
Useful links
Visit the MOE website for more information about PSEA
Related questions
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?
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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