Child Development Co-Savings (Baby Bonus) Scheme -increased benefits to 1st & 2nd child and benefits to Singapore

citizen children beyond 4th child. - cash gift of up to $4,000 each for 1st & 2nd child and $6,000 each for 3rd and 4th child. - children born on or after 17 August 2008 will also enjoy Government contributions in the form of a dollar-for-dollar matching for the amount of savings contribute to childs Child Development Account (CDA). - child is born before 17 August 2008, he or she will enjoy the Government matching contributions in the CDA if he or she is second to fourth child. -can save in the CDA any time until 31 December in the year child turns 6 years of age. -savings will be matched up to the cap of $6,000 each for the 1st & 2nd child, $12,000 each for the 3rd & 4th child and $18,000 each for the fifth and subsequent child. The Government will match savings in the following month. -savings in the CDA may be used to pay fees for all children who are attending Approved Institutions registered with MCYS under the Baby Bonus Scheme. -CDA savings can also be used to purchase MediShield or Medisave-approved private integrated plans for children and pay for childrens medical-related expenses. -includes consultation fees, treatment fees and prescription costs incurred at healthcare institutions.

New Package Of Measures To Support Parenthood

Overview of the Package - new measures help people at each stage/aspect of their journey as parents - new measures grouped under 5 broad categories, addressing specific aspects of parenthood. -three key features. -measures address cost issues and broader set of concerns preventing people from having larger families -seek to give parents the opportunity to spend more time with children, pursue range of childcare options and strike a better balance between work & family life

-Secondly, new measures have lesser conditions than previous, more accessible to people, e.g. removal of mothers age & educational qualifications as qualifying criteria for revised tax measures. - Thirdly, new measures provide greater flexibility in supporting variety of choices parents make because of differing circumstances, e.g. there will now be support for wider range of childcare arrangements.