Singapore has one of the lowest fertility rates in the world. Why? Ask any young parents and they will tell you it is because the cost to raise a child in Singapore is too high. In our local phrase, “money not enough”. But the ironic truth is that it is not only because Singapore has replaced Tokyo as […]
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 […]
How to insure your child both before and after birth.
Last month, AXA launched a new innovative product called Mum’s Advantage. The biggest advantage of this plan is that it is able to cover the baby who is NOT born yet. As the plan can be transferred to the child upon birth without underwriting, this gives the parents a peace of mind even if there […]
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 […]