Children up to age six to get S$200 in Child Development Account top-ups

Parents who have yet to open a CDA must do so by June 30 next year for their children to receive the top-up. - ST

SINGAPORE (The Straits Times/Asia News Network): About 230,000 Singaporean children up to six years old will receive $200 in their Child Development Account (CDA) from Sept 8.

The amount will be credited directly into the child's CDA in batches from Sept 8 or after the CDA is opened, whichever is later, the Ministry of Finance (MOF) and Ministry of Social and Family Development (MSF) said in a media statement on Monday (Sept 5).