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Baby Bonus Scheme |
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| Low Bee Ling |
Feb 27 2007, 12:10 AM
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QUOTE(Chilli Crab @ Feb 20 2007, 07:03 PM)  The cash gift can be deposited in any Singapore bank account and can be used for anything since the account holder controls the account.
I heard from my friend that this cash gift is deposited in any SG bank account in installments. So it's like you'll only receive the full sum after 1 and a half year. QUOTE(Kung Lone @ Feb 26 2007, 12:27 AM)  can single parent rec baby bonus......
Yes, if you child is a Singaporean Citizen like what Chilli Crab mentioned.
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| Chilli Crab |
Feb 20 2007, 07:03 PM
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From what I understand, the Baby Bonus is for Singaporean babies/children. The criterion is the citizenship of your child, the citizenship of your partner is not critical, neither is the place of birth of your child. Your child can be born in Italy, and your partner is American, and as long as you register your child as a Singapore citizen, your child is eligible for Baby Bonus.
The cash gift can be deposited in any Singapore bank account and can be used for anything since the account holder controls the account.
The CDA is the special account that can be opened in selected banks in Singapore. And this money cannot be used for anything you like. There are some "appointed" uses for the money in the CDA. Think of CDA like Edusave or like CPF. Not identical, but similar. It is your money but can be used for certain things only.
For the first child, you only get the cash gift. The CDA is applicable from the second child onwards.
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| Low Bee Ling |
Sep 1 2006, 01:45 PM
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QUOTE(suds n wicks @ Sep 1 2006, 03:35 AM)  I believe you would be eligible. See #11 in the FAQ list here: https://www.babybonus.gov.sg/bbss/html/faq.htmlAs for how you can spend the money, the simplest way would be for them to credit it into your S'pore bank account and then wire transfer the money to your overseas bank account. Maybe am not getting it right... According to the website, it states: The savings in the CDA may be used to pay fees at Approved Institutions which have registered with MCYS under the Baby Bonus Scheme. These include child care centres, MOE-registered kindergartens, special education schools and National Council of Social Service (NCSS)-registered early intervention programmes. The money may be used by all their children who are attending an Approved Institution. From December 2005, parents can use the savings in the CDA to purchase MediShield or Medisave-approved private integrated plans for all their children. Can we use the saving on whatever issue we want to? It's useless if we can only limit the use on Approved Institutions in Singapore or MediShield or Medisave-approved private integrated insurance plans for those who live in overseas.
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| Low Bee Ling |
Sep 1 2006, 03:12 AM
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QUOTE(Amy Kiesgen @ Aug 31 2006, 06:40 PM)  Hi Bee Ling, I have never heard of this Baby Bonus Scheme. What is it anyway? Thanks and cheers.
The Scheme is to benefit the 1st and 4th child born on or after 1 August 2004. Parents will get a cash gift of $3,000 for the 1st child, and a cash gift and co-savings of up to $9,000 for the 2nd child and up to $18,000 each for the 3rd and 4th child. My question is how can those live oversea benefits from the cash gift? How can they spend this cash gift living oversea? I supposed if our partners are not Singaporean but our child can still qualify for this scheme as long as we register our child for a Singapore citizen.
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| Amy Kiesgen |
Aug 31 2006, 06:40 PM
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QUOTE(Low Bee Ling @ Aug 31 2006, 04:12 AM)  Anyone with a non-Singaporean partner has a kid who enjoyed this Baby Bonus Scheme?
Hi Bee Ling, I have never heard of this Baby Bonus Scheme. What is it anyway? Thanks and cheers.
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Grüß Gott aus München!
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