What will happen to the unused fund in my child’s Child Development Account (CDA)?
The unused balance will be transferred directly into the child's Post-Secondary Education Account (PSEA).
Related questions
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?
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 my child use the funds in their Post Secondary Education account (PSEA) to pay outstanding school and miscellaneous fees?
Can I choose to transfer my child's Child Development Account (CDA) balance to his Edusave Account instead of Post-Secondary Education Account (PSEA)?
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