From 01 Jan 2015 onwards, upon registration of birth of a new-born; a Medisave account is created for the child & deposited with a certain sum of money.
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The maximum government matching contribution to a child’s Child Development Account (CDA) is capped at $6,000 if the child is a first born.
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Tax rebate for the first child to reduce tax payable directly is $10,000.
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The CPF Education Scheme allows me to pay for my child’s overseas tertiary education.
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Under the Baby Bonus Scheme, the government gives a cash gift for my first child.
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