Parents and couples who aspire to have children can expect to enjoy more financial benefits - from cash gifts to grants and reliefs - as well as more paternity leave, as the Government boosts support for families in the early years of raising children. Deputy Prime...
Currently, the Baby Bonus Cash Gift is disbursed in five instalments over the child’s first 18 months, to help defray child-raising costs during infancy.
The Government will also increase the co-matching cap for the CDA by $1,000 for couples’ first and second children. With these enhancements, parents will receive up to $24,000 in financial support for their first child, and up to $37,000 for subsequent children. This includes the MediSave Grant for Newborns, which supports healthcare expenses, said the release.
Said Mr Wong: “Effectively, this will provide more Government support for eligible lower-to middle-income working mothers.”
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