How Singapore Government Matches Fund in Child Development Account

 Child development account as part of baby bonus in singapore

If your child is a Singaporean at birth, the Singapore government will match dollar-for-dollar for your contribution to your child's Child Development Account(CDA) up to a maximum of $6000 each for a first and second child. The cap will be raised to $12,000 each for the third and fourth children and $18,000 each for the fifth and subsequent child. If your child is not a Singaporean by birth, the government contribution may be pro-rated. Please Read this articles: Pro-Rated Funding By Government

Below is examples to illustrate how government matches fund in your child's Child Development Account

If your child is your first and second child

Your Contribution Government Contribution
$2000 $2000
$6000 $6000
$10000 $6000

If your child is your third and fourth child

Your Contribution Government Contribution
$2000 $2000
$12000 $12000
$20000 $12000

 

If your child is your fifth or higher order

Your Contribution Government Contribution
$2000 $2000
$18000 $18000
$20000 $18000

It takes a village to raise a child !

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