Short, Simple and Interesting FAQs
The Child Development Account (CDA) in Singapore offers dollar-for-dollar matching for parental contributions, subject to certain caps and limits. The government contributes matching grants based on the amount parents deposit into the CDA. Here’s a breakdown of the CDA matching: First and Second Child: For the first and second child, the government matches the parental … Read more
The Child Development Account (CDA) matching in Singapore typically continues until the child turns 12 years old. The CDA is a savings account established by the government to assist families in saving for their children’s healthcare and educational needs. The government provides dollar-for-dollar matching for parental contributions made into the CDA, subject to certain caps … Read more
To check the matching amount or government grants deposited into your Child Development Account (CDA) in Singapore, you can follow these steps: Baby Bonus Online (BBOL): Log in to the Baby Bonus Online portal using your SingPass credentials. Navigate to the section specifically dedicated to managing your CDA. Look for details related to government contributions … Read more