Here’s How To Reduce The Costs
With the rising cost of living in Singapore, raising a child here isn’t cheap, and it’s only going to get more expensive.
Fortunately, the government’s Baby Bonus and raft of childcare subsidies are there to help defray kid-related costs (though perhaps not quite enough — but that’s a story for another day).
So for those of you who are thinking of adding a new member to the family this year, just what subsidies do you qualify for, and what are you excluded from:
- Baby Bonus (from birth onwards)
- Baby Bonus cash gift
- Baby Bonus First Step Grant
- Dollar-for-dollar matching of savings in Child Development Account (CDA)
- Preschool, infant care & child care subsidies (up to 6 years old)
- Childcare Basic Subsidy
- Kindergarten subsidies (from 3 to 6 years old)
- Start Up Grant (SUG)
- Primary & secondary school subsidies (from 7 years old onwards)
- Edusave contribution
