babybonus.msf.gov.sg : Baby Bonus Scheme Singapore

Organization : Government of Singapore
Service Name : Baby Bonus Scheme
Country: Singapore

Website : https://www.babybonus.msf.gov.sg/Pages/Home.aspx

Baby Bonus Scheme:

Children bring joy to the family. To support couples in their decision to have more children, the Baby Bonus Scheme helps to lighten the financial costs of raising children.

Related : Ministry of Social & Family Development Apply For Child/ Infant Care Subsidy Singapore : www.statusin.org/11132.html

The scheme is part of the Marriage and Parenthood Package and was last enhanced in 2013. The scheme includes a cash gift and Government matching to savings in the child’s CDA.

Joining the Scheme:
You can submit the online form for your child to join the Scheme as early as 2 months before their estimated delivery date

Cash Gift:
You can expect to receive the cash gifts within 7 to 10 working days of your child’s birth registration, or after completing the online form, whichever is later. You can use the cash gifts to pay for your newborn child’s expenses.

CDA:
You can expect your child’s CDA to be opened within 3 to 5 working days of their birth registration, or after completing the online form, whichever is later. Singaporean parents do not need to make a trip to the bank to open a CDA.

The CDA is a special savings account. You can open a CDA with DBS Bank, OCBC or UOB. You will have up to 12 years to save in your child’s CDA. The Government will match your savings in the CDA within 2 weeks.

You can use the savings in the CDA to pay for all your children’s expenses:
i) At Baby Bonus Approved Institutions (AIs)
** Child Care Centres
** Kindergartens
** Special education schools
** Providers of early intervention programmes
** Providers of assistive technology devices
** Hospitals and clinics
** Pharmacies
** Optical shops

ii) For Medishield or Medisave-approved private integrated plans.

When will I receive the cash gifts?
You will receive the cash gifts in your selected bank account, within 12 months from the birth of the child:
** First 50% within 7-10 working days of the child’s birth registration* or after the child joins the scheme
** Second 25% when the child turns 6 months old
** Last 25% when the child turns 12 months old

Note:
*provided you have done the pre-birth registration for your child

You can select ‘View Account Summary’ under Services, to check the scheduled payment date and cash gift payment date.

How can I open a CDA?:
If you are the parent who logs in to BBO to join the scheme and a CDA trustee, you can accept the Terms and Conditions of the selected CDA bank (DBS, OCBC or UOB) online. If your child has already joined the scheme but has not opened the CDA, you should use the “Services login” on the BBO homepage, and select “Opening of CDA” service to open the CDA and accept the Terms and Conditions of the selected CDA bank.

If you are the parent who logs in and your spouse is a CDA trustee, your spouse (CDA trustee) will receive a Baby Bonus link by email to accept the Terms and Conditions of the selected CDA bank online.

The CDA will then be automatically opened within 3 working days after the CDA trustee accepts the Terms and Conditions of the selected CDA bank online.

Note:
If the CDA trustee is a foreigner or a third party CDA trustee, we will send the trustee an authorisation letter to open the CDA at any CDA bank branch.

The trustee must produce:
** the original authorisation letter
** trustee’s NRIC or passport
** a copy of the child’s birth certificate or certificate of Singapore citizenship (whichever is applicable).

Contact Us:
Baby Bonus and Leave Branch
512A Thomson Road
SLF Podium, #02-01/09
Singapore 298137