Families with eligible children will receive their enhanced Baby Bonus benefits from 1 August, several months earlier than the anticipated early-2024 initial implementation period.
There will be a phased approach for children who enrolled between 14 February to 30 June, MSF and NPTD said.
A child enrolled from 14 February to 30 June will have the additional S$2,000 First Step Grant be paid into the CDA by mid-August. Parents can start saving in the CDA from 1 August and receive government co-matching contributions, up to the additional cap of S$1,000, within two weeks of deposit, excluding public holidays.
A child enrolled from 1 to 31 July will get the additional S$2,000 First Step Grant paid into the CDA by 1 October. Parents can start saving in the CDA from 1 August and receive government co-matching contributions, up to the additional cap of S$1,000, by 1 October. Savings made after 1 October will be co-matched within two weeks of deposit.
Children of unwed parents are eligible to join receive CDA benefits if they are Singaporeans and were born on, or after 1 September 2016.To join the Baby Bonus Scheme, start by checking your child's eligibility by using the "
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