Useful information for single unmarried mothers in Singapore
Baby Bonus Scheme and Child Development Account (CDA)
What is it?
The scheme provides financial support to parents via cash gifts and a Child Development Account (CDA), where the government will match parents’ savings into the account dollar for dollar, subject to a cap.
Money from the cash gifts and the CDA account can be used for your child’s healthcare and educational expenses at Baby Bonus Approved Institutions.