Smart Parenting Series #7 - Baby Grant, Baby Bonus, and the benefits of having a baby in Singapore

Baby Bonus Scheme

The scheme is part of the Marriage and Parenthood Package and includes a cash gift and contributions to the Child Development Account (CDA).

• Cash Gift - The Baby Bonus Cash Gift has been enhanced for eligible children born, or have an estimated delivery date, on or after 1 January 2015.

• Child Development Account - The CDA is a special savings account for Singaporean children to help build up the savings that can be spent on approved uses at Baby Bonus Approved Institutions. When a CDA is opened, the child will receive CDA benefits comprising (a) the CDA First Step Grant which will be automatically credited after CDA opening and (b) dollar-for-dollar Government co-matching for each dollar that parents deposit in the CDA, up to the co-matching caps shown below. The CDA is opened until the year of the year that the child turns 12 years old.

• Baby Bonus One-Stop Service - Parents who need assistance to join Baby Bonus online or perform other related e-services may approach the Citizen Connect Centres, or the Baby Bonus One-Stop Centres at the Immigration & Checkpoints Authority and the birth registration counters at these hospitals:

• Gleneagles Hospital

• KK Women’s and Children’s Hospital

• Mount Alvernia Hospital

• Mount Elizabeth Hospital

• Mount Elizabeth Novena Hospital

• National University Hospital

• Parkway East Hospital

• Raffles Hospital

• Singapore General Hospital

• Thomson Medical Centre

Benefits of having a baby in Singapore:

Parents who have second babies from January will get more financial support from the Government through the Child Development Account (CDA). They will get $6,000 in co-funding, up from the current $3,000 for a first or second child, Minister in the Prime Minister's Office Indranee Rajah announced in Parliament on Friday (Feb 26). This is in addition to the initial $3,000 that every child receives in his or her CDA.

With these additional support In place, families that are planning for their little coming soon can be at ease!