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What are the Baby Bonus benefits for an eligible child?


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Updated by LIFESG
Eligible Singapore citizen child may receive: i) Baby Bonus Cash Gift - Cash gift will be paid into your child's Child Savings Account (CSA) every 6 months till your child is 6.5 years old - CSA is a joint savings account that will be opened automatically with the CDA. ii) Child Development Account (CDA) benefits - First Step Grant: This is a one-off amount automatically paid into the CDA - Government co-matching: Receive an extra dollar for every dollar you deposit into the CDA, up to your child's eligible cap - CDA is a special savings account for selected expenses at Baby Bonus Approved Institutions The eligibility and amount of benefits may vary based on when the child becomes a citizen, the birth order and the parent's marital status. Check your child's Baby Bonus eligibility and amount of benefits at go.gov.sg/bbeligibilitycheck . From 18 Feb 2025, all eligible children will receive First Step Grant of $5,000. Under the Large Families Scheme, the third and subsequent children are eligible for an additional $5,000, bringing the total to $10,000. For more information, please visit the Large Families website (go.gov.sg/LFS).

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