To support parents with their children’s healthcare needs, the Government is creating a Medisave account for each Singaporean newborn who is born on or after 26 Aug 2012. Eligible newborns will receive a $3,000 grant in two tranches – the first $1,500 after the registration of their birth, and the remaining $1,500 in the subsequent […]
Enhancement of Baby Bonus Scheme
As part of the Marriage and Parenthood Package 2013, Baby Bonus Scheme has been further enhanced. Cash Gift for children born on or after 26 August 2012 Parents will receive an enhanced cash gift of $6,000 (up from $4,000) each for their 1st and 2nd child, and $8,000 (up from $6,000) each for their 3rd […]
Enhancements to the Child Development Account (CDA)
The Child Development Account (CDA) is part of the Baby Bonus or Child Development Co-Savings (Baby Bonus) Scheme, which aims to help families with the costs of raising children. The CDA also encourages parents to save for their children’s developmental needs. The Government matches parents’ deposits into the CDA dollar-for-dollar, subject to a cap based on the child’s birth […]
Child Development Credits
Today, I received letter regarding Child Development Credit for my daughter. I believe this is relevant to many Singapore families, thus I will provide more information here. On 18 Feb, 2011, the government announced a new Child Development Credit scheme to all Singaporean children aged six and below (born from 1 Jan 2005 to 31 […]
Longer maternity, childcare leave and better baby bonuses
Longer maternity, childcare leave and better baby bonuses are some of the announcements that got Singaporeans sitting up at the National Day Rally on Sunday night. The Singapore government plans to spend an additional S$700 million a year on measures to boost its flagging birth rate. Currently, it spends about S$900 million a year. Below […]
Beyond Baby Bonus : Singapore Government Baby Policies
Baby bonus, is it the first thing in your mind when talking about government’s baby policies? Do you know what are other incentives since 2004 budget? We will list down some here for your reference. Baby Bonus If your child is born on or after 1 August 2004. You will get a cash gift of […]