Currently, I use my child's Child Development Account (CDA) for his kindergarten fees and medical insurance. After the balance is transferred, can I use the Post-Secondary Education Account (PSEA) for the same purpose?
The Post-Secondary Education Account (PSEA) and Child Development Account (CDA) serve different purposes.
PSEA can only be used by your child or his/her siblings for post-secondary education expenses at the approved institutions.
The list of approved institutions can be found here.
This information is sourced from MOE
Related questions
Can the funds in Child Development Account (CDA) be used for school and miscellaneous fees at Primary, Secondary and Pre-University levels? What will happen to the unused balance?
Can I choose to transfer my child's Child Development Account (CDA) balance to his Edusave Account instead of Post-Secondary Education Account (PSEA)?
What will happen to the unused fund in my child’s Child Development Account (CDA)?
Can my child use the funds in their Post Secondary Education account (PSEA) to pay outstanding school and miscellaneous fees?
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