Singapore provides a top-up of $200 to all Singaporean children aged between 0 and 6 years in 2021. The top-up will be added to their Child Development Account (CDA) from mid-Sep 2021. Approximately 250,000 children will receive this benefit.
This top-up is part of the Household Support Package announced at Budget 2021 to provide families with additional support for their child-raising expenses.
Funds in the CDA can be used for the child’s or his/her sibling’s educational and healthcare expenses at Approved Institutions. These include registered childcare centers, kindergartens, special education schools, providers of early intervention programs, providers of assistive technology devices, hospitals, clinics, pharmacies, and optical shops. To read more, please click.
Source: Ministry of Finance, Singapore
