All Children aged 0 to 6 years to receive $200 in Child Development Account Top-ups from 8 September 2022
05 Sep 20221. All Singaporean children aged 0 to 6 years in 2022 will receive a one-off top-up of $200 to their Child Development Account (CDA) in batches from 8 September 2022. The top-up will benefit about 230,000 children.
2. The CDA top-up is part of the Household Support Package (HSP) announced at Budget 2022 to provide families with additional support for their child-raising expenses. Singaporean children aged 7 to 20 years this year would have received a one-off $200 top-up to their Edusave account or Post-Secondary Education Account in May 2022 .
3. The $200 will be credited directly into the child’s CDA in batches from 8 September 2022 or after the CDA is opened, whichever is later. Parents who have yet to open a CDA will need to do so by 30 June 2023 for their children to receive the top-up.
4. CDA trustees will be notified via SMS, email or hardcopy letter, after the CDA top-ups have been credited. Parents can view their child’s CDA balance by checking your bank’s monthly CDA statement.
5. To guard against scams, SMS notifications sent to CDA trustees would only be from SMS ID “MSF”. The notification will only contain information on the status of the top-up after it has been credited into the child’s CDA. CDA trustees will not be asked to reply to the SMS, click any links, or provide any information to the sender. Messages on the CDA top-up will not be sent via WhatsApp or other mobile app messaging platforms.
More Information
6. The CDA is a special savings account for Singaporean children. The Government will co-match savings dollar-for-dollar, up to the co-matching cap, depending on the child’s birth order. Eligible children will also receive an upfront CDA First Step Grant of $3,000 from the Government which will be automatically credited into the CDA. More information on the CDA benefits is available at www.babybonus.msf.gov.sg.
7. Funds in the CDA can be used to pay for the child’s or his/her sibling’s educational and healthcare expenses at Approved Institutions (AIs). These include registered childcare centres, kindergartens, special education schools, providers of early intervention programmes, providers of assistive technology devices, hospitals, clinics, pharmacies, and optical shops. The list of AIs can be found at go.gov.sg/listofai.
8. For enquiries on the CDA top-up, the public may:
a. Call 1800 111 2222 (Baby Bonus Hotline); or
b. Submit a query via Virtual Assistant “Ask Jamie” at www.babybonus.msf.gov.sg.
Issued by the Ministry of Finance and Ministry of Social and Family Development
Singapore
5 September 2022