Welcoming a new baby is a joyful moment, but it also brings added expenses. To make parenting more affordable, the Singapore government has introduced the Baby Bonus Scheme. This plan offers both instant cash and savings support to parents, easing the financial pressure in the early years of raising a child.
This support program is part of the government’s Marriage and Parenthood Package. It shows Singapore’s long-term goal of building a strong and supportive environment for families. By giving financial assistance and encouraging savings, the scheme helps ensure that children have a bright start in life.
Under the 2025 updates, parents could receive up to $13,000 in combined benefits through cash payouts and special savings accounts. There are also extra bonuses for larger families. Here’s a full breakdown of who qualifies, what the scheme includes, and how to apply.
Overview of the Baby Bonus Program
The Baby Bonus Scheme is divided into two main parts:
- Cash Gift – Money given to parents at different stages during the child’s early years.
- Child Development Account (CDA) – A special savings account where the government adds money along with what parents save.
This combined approach gives both immediate support and long-term help with costs like education and healthcare.
Who Is Eligible for This Scheme?
To get Baby Bonus benefits, families must meet a few conditions:
- The child must be a Singapore Citizen.
- Parents must be legally married.
- The child must be born on or after 14 February 2023 for basic benefits.
- Children born from 18 February 2025 get higher benefits.
- If a child becomes a citizen later, pro-rated benefits may still apply.
Parents can check eligibility using the government’s Check Eligibility Tool online.
What Is the Child Development Account (CDA)?
The CDA is a savings account created for your child. It includes:
- First Step Grant – A set amount the government gives right after the account is opened.
- Dollar-for-Dollar Matching – The government matches the money parents save in the CDA up to a set limit.
CDA Benefits:
The $10,000 grant for 3rd and later children starts from 18 February 2025 under the Large Families Scheme.
What Can CDA Funds Be Used For?
Money in the CDA can be used at Approved Institutions (AIs), such as:
- Childcare and preschool fees
- Medical treatments and vaccinations
- Special education needs
- Approved medical products and services
This ensures the funds are spent on meaningful expenses that support the child’s growth.
How to Register for the Baby Bonus
Starting from 1 July 2024, you can apply through:
- The LifeSG website: https://www.life.gov.sg
- The LifeSG Mobile App
The application process is simple and fast. It’s best to apply soon after your baby is born to receive all eligible benefits early.
Extra Support for Larger Families
Under the Large Families Scheme, parents with three or more children get extra support:
- First Step Grant rises from $5,000 to $10,000
- Applies to children born on or after 18 February 2025
This extra support helps ease the cost of caring for bigger families and encourages family growth.
Why This Scheme Is Important
Raising a child in Singapore comes with many costs. The Baby Bonus Scheme helps reduce financial stress for parents and ensures children get access to good care, education, and health services. It also supports future planning by encouraging savings.