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Pro Rated Cash Gift if Child is not Singaporean at Birth

 Pro-rated cash gift for baby bonus if your child is not born in Singapore.

If your child is not a Singaporean at birth. The amount of cash gift will be pro-rated according to the date that a child converts to Singapore citizenship.

 

If your child is your first and second child

Age of Child When becomes Singaporean Amount of Cash Gift
Before 6 Months of Age $4000
6 or More Months and Before 12 Montsh of Age $3000
12 or More Months and Before 18 Months of Age $2000
18 or More Months and Before 24 Months of Age $1000

 

If your child is your third and fourth child

Age of Child When becomes Singaporean Amount of Cash Gift
Before 6 Months of Age $6000
6 or More Months and Before 12 Montsh of Age $4500
12 or More Months and Before 18 Months of Age $3000
18 or More Months and Before 24 Months of Age $1500

It takes a village to raise a child !

Join our Facebook group Preschools & Kindergartens in Hong Kong to interact with other parents.

 Parent tax rebate as part of baby bonus in Singapore

Parent Tax Rebate

Singapore Tax Resident can claim Parent Tax Rebate (PTR) if you and your child meet the following criteria
 What will happen to the unused fund in Child Development Account for baby bonus in Singapore

Unused Saving in Child Development Account

Unused saving in the child development account will be transferred to post-secondary educational account
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