Parents currently receive direct financial support for child-raising through the Baby Bonus Scheme and Large Families Scheme. To provide stronger and more sustained support from birth through the growing years, these schemes will be replaced by a new SG Child Support Package. Under the new package, every Singapore Citizen child will receive the same level of support, regardless of birth order.

The SG Child Support Package will provide up to $62,000 to every Singapore Citizen (SC) child. It comprises:

• $10,000 Baby Gift in cash, disbursed in two tranches within 12 months of a child’s birth. This provides more substantial upfront help with the higher expenses incurred at birth and the child’s first year.

• $32,000 Child Credits in cash, with $2,000 disbursed annually over 16 years, from the year the child turns 1 to the year the child turns 16. This provides sustained help through the child’s growing years.

• $5,000 Child Development Account (CDA) First Step Grant (FSG).

• Up to $5,000 in Government co-matching of CDA. The CDA will be extended to the end of the year the child turns 16, instead of 12 years old today, giving parents a longer period to benefit from Government co-matching and use CDA funds for approved child-raising expenses.

• $10,000 top-up to the child’s Post-Secondary Education Account (PSEA) in the year the child turns 17. This will help parents by defraying the costs of higher education.

To learn more about the new SG Child Support Package, please visit go.gov.sg/sgchildsupportpackage.