The arrival of a newborn in the house is a source of such joy, while the Baby Bonus Scheme 2025 in Singapore adds another level of excitement by providing cash gifts and Child Development Account (CDA) benefits of up to $13,000 to make the parents’ lives financially easier and therefore encourage a higher birth rate in Singapore.
If you are expecting a child or have already become a parent to one in the year 2025, here is all you need to know for the cash payouts and benefits under the Baby Bonus Scheme.
What is the Singapore Baby Bonus Scheme 2025?
The Baby Bonus Scheme refers to the monetary assistance from the government to ease the raising costs of children. Under the 2025 modifications, the scheme now offers cash gifts of up to $11,000 and CDA Benefits of up to $2,000. Altogether, this means that families can receive up to $13,000 for each eligible child.
Who is Eligible?
Baby Bonus 2025 for a child born after January 1, 2025, means that two conditions need to be fulfilled: One, the child must be a Singapore Citizen, and two, parents must be legally married.
Breakdown of the $13,000 Baby Bonus Scheme
- Cash Gift Payouts
Parents who gave birth can be assisted by the disbursement of cash gifts at different stages of their children’s lives. An amount of $11,000 will be provided for the first and second child, whereas the third child and all subsequent children will get cash gifts of $13,000. The first payment is within 7-10 days from birth and is further disbursed in staggered amounts until the child is 18 months old after the birth.
- Child Development Account (CDA)
The CDA is a special savings account that encourages parents to save for their child’s educational and health needs. From the first and second child, the limit for government dollar-to-dollar matching of amounts deposited into the CDA stands at $2,000. For the third child and beyond, this limit is lifted to $3,000.
How to Apply for the Baby Bonus Scheme?
Step-by-Step Application Process
Sign up online for the Baby Bonus Scheme through the Baby Bonus Portal (babybonus.msf.gov.sg). Enter your child’s birth certificate particulars, select your preferred bank account for cash payouts, and open up a CDA account with any of the participating banks (DBS, OCBC, UOB). Your payouts will be credited automatically to your bank account upon approval according to the payout schedule.
How to Maximise Your CDA Benefits?
Deposit any available funds into the CDA as soon as possible to enjoy the dollar-for-dollar matching faster. CDA funds can be put toward approved purposes which include childcare fees, healthcare, and insurance premiums. Select financial institutions that provide the largest interest rates to grow your cash sooner.
Important Deadlines to Remember
Within three months from the date of birth of the child, an application for the Baby Bonus must be done. The CDA First Deposit must be made before the child turns 12 years of age.
Final Thoughts
The Singapore $13,000 Baby Bonus Scheme 2025 is a worthy form of support for parents through the maze of raising a child. With an understanding of the requirements for one’s eligibility, the payout schedule, and how to maximise CDA benefits, it will be highly beneficial for families.