The Baby Bonus Scheme 2025 is a financial support initiative from the Singapore government, aimed at easing the cost of raising children. It provides parents with both cash gifts and government-co-matching savings to help cover expenses from birth through early childhood. Here’s everything you need to know to make the most of this valuable support.
What is the Baby Bonus Scheme?
The Baby Bonus Scheme is designed to encourage parenthood by alleviating some of the financial burdens associated with raising children. Here’s how it works:
- Baby Bonus Cash Gift: A one-time payout in stages to help with immediate child-related expenses.
- Child Development Account (CDA): A special savings account where the government contributes co-matching funds to cover the cost of healthcare and education.
This scheme ensures that parents get consistent financial assistance right from birth, helping families balance their financial responsibilities.
Eligibility for the Baby Bonus Scheme 2025
To qualify for the Baby Bonus 2025, parents need to meet these requirements:
- Child’s Citizenship: The child must be a Singapore citizen at birth or upon adoption.
- Parents’ Marital Status: Parents must be legally married (for full benefits).
- Age Limit: The application must be submitted before the child turns 12 years old.
Note: Children of unwed parents can receive CDA benefits but are not eligible for the Baby Bonus Cash Gift.
How Much Will You Receive?
Baby Bonus Cash Gift
- 1st & 2nd Child: $11,000
- 3rd & Subsequent Child: $13,000
Payment Schedule:
| Child’s Age | 1st & 2nd Child Payment | 3rd & Subsequent Child Payment |
|---|---|---|
| At birth | $3,000 | $4,000 |
| 6 months | $1,500 | $2,000 |
| 12 months | $1,500 | $2,000 |
| 18 months | $1,000 | $1,000 |
| 2 to 6.5 years | $400 every six months | $400 every six months |
Child Development Account (CDA)
- First Step Grant: Automatically credited with $5,000 when the CDA is opened.
CDA Government Co-Matching Contributions
The government matches contributions to the CDA based on the child’s birth order:
| Birth Order | Maximum Government Matching |
|---|---|
| 1st Child | $4,000 |
| 2nd Child | $7,000 |
| 3rd & 4th Child | $9,000 |
| 5th & Subsequent | $15,000 |
Example: For a first child, if parents deposit $4,000, the government will match it with an additional $4,000, bringing the total to $8,000 in the CDA.
How to Apply for Baby Bonus 2025?
Applying for the Baby Bonus Scheme is straightforward. Follow these steps:
- Check Eligibility: Visit the Baby Bonus website to confirm your eligibility.
- Log In: Access the LifeSG app or Baby Bonus Online 8 weeks before your child’s birth.
- Provide Required Documents:
- Parent’s marriage certificate
- Bank account details for disbursement
- Select a CDA Bank: Choose a bank (DBS, OCBC, UOB) to set up the Child Development Account.
- Automatic Disbursement: Once approved, you’ll receive both Baby Bonus payouts and CDA contributions automatically.
FAQs
1. Can I apply for the Baby Bonus if I am not married?
Yes, unmarried parents can apply for the Child Development Account (CDA) benefits, but they will not be eligible for the Baby Bonus Cash Gift.
2. When will the Baby Bonus payments be made?
Payments are made in stages, starting from birth and continuing until the child is 6.5 years old.
3. How do I set up the Child Development Account (CDA)?
You can choose a CDA bank (DBS, OCBC, or UOB) and set up the account through the LifeSG app or Baby Bonus Online.
4. Can I receive the CDA contributions without applying for the Baby Bonus Cash Gift?
Yes, you can receive CDA contributions independently, as long as your child is eligible and you open the CDA account.
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