Baby Bonus Scheme
Babyment
Amount of Cash Gift
LATEST: As of 14 February 2023, children born from 14 Feb 2023 will receive enhanced benefits.
The baby bonus scheme is a scheme by Singapore government to support couples to have more children. It aims to lighten the financial cost of raising children in Singapore. It includes Cash Gift and Child Development Account (CDA) benefits.
Amount of cash amount from the government will depend on the birth order of the child. Details refer to the table below.
| Birth Order | Cash Gift Amount For Children Born on or after 1 Jan 2015 (for each child) | Cash Gift Amount For Children Born on or after 14 Feb 2023 (for each child) |
| First and Second Child | $8,000 | $11,000 |
| Third, Fourth Child & Subsequent Birth Orders | $10,000 | $13,000 |
Table 1: Amount of Cash Gift
How Cash Gift Will Be Disbursed?
Please refer to the table below to see how cash gift from government will be disbursed?
| Time of Instalment | Amount of Cash Gift disbursed | |
| 1st and 2nd Birth Orders | 3rd and Subsequent Birth Orders | |
| At birth | $3,000 | $4,000 |
| 6 months | $1,500 | $2,000 |
| 12 months | $1,500 | $2,000 |
| 18 months | $1,000 | $1,000 |
| 2 until 6.5 years | $400 every 6 months | $400 every 6 months |
Table 2: How Cash Gift Will Be Disbursed?
Child Development Account
The Child Development Account (CDA) is a savings account for Singaporean children to help build up the savings which can be spent on approved used at Baby Bonus Approved Institutions such as child care centres, optical shop, hospitals and clinics.The CDA benefits comprise two parts. The first part is the CDA First Step Grant which will be automatically credited after CDA opening. The second part is the dollar-for-dollar Government co-matching for each dollar that parents deposit in the CDA, up to the co-matching caps shown in the table below.
| Birth Order | CDA components for eligible Singapore children who are born from 14 Feb 2023 | Total CDA Benefits | |
| First Step Grant | Maximum Government co-matching | ||
| 1st | $5,000 | $4,000 | $9,000 |
| 2nd | $5,000 | $7,000 | $12,000 |
| 3rd | $5,000 | $9,000 | $14,000 |
| 4th | $5,000 | $15,000 | $20,000 |
Table 3: Child Development Account
© Babyment. All Rights Reserved. 