How Singapore Government Matches Fund in Child Development Account
If your child is a Singaporean at birth, the Singapore government will match dollar-for-dollar for your contribution to your child's Child Development Account(CDA) up to a maximum of $6000 each for a first and second child. The cap will be raised to $12,000 each for the third and fourth children and $18,000 each for the fifth and subsequent child. If your child is not a Singaporean by birth, the government contribution may be pro-rated. Please Read this articles: Pro-Rated Funding By Government
Below is examples to illustrate how government matches fund in your child's Child Development Account
If your child is your first and second child
Your Contribution | Government Contribution |
$2000 | $2000 |
$6000 | $6000 |
$10000 | $6000 |
If your child is your third and fourth child
Your Contribution | Government Contribution |
$2000 | $2000 |
$12000 | $12000 |
$20000 | $12000 |
If your child is your fifth or higher order
Your Contribution | Government Contribution |
$2000 | $2000 |
$18000 | $18000 |
$20000 | $18000 |
It takes a village to raise a child !
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