It’s All About You & Your Baby! What You Need to Know About Baby Bonus

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Are you worried at the same time excited on your incoming child? We got you! Since birth charges in Singapore have been sliding, find out the must-know facts about baby bonus that ensures the arrival of your precious baby.

You need to find some other way to make money from your children. That’s where the Baby Bonus scheme comes in.

Since birth rates in Singapore have been sliding, the Baby Bonus is the Singapore government’s unsubtle way of encouraging us to have more kids. Child bearing is expensive business in Singapore, and the extra cash should go some way in defraying the costs.

Plus, it’s almost like a loyalty programme. The more kids you have, the more money you get! So, just how much can you receive? Here’s a guide to figuring out your Baby Bonus payout in Singapore. With solely a few weeks to delivery, you’ve probably been giving a lot of concept to the prices your new arrival will bring. What you might also no longer understand about is the Baby Bonus scheme, which involves a cash gift, a Child Development Account (CDA) First Step supply and authorities matching to financial savings in the child’s CDA. The initial part of the cash present will be given within the first 10 working days after you register your baby’s birth, or after you whole the online form, whichever is later, to assist you out with the expenses of bringing up your little one. Once you register for the Baby Bonus scheme, a CDA will be opened for you automatically. You don’t need to make an initial deposit.

How Much Is the Cost of Giving Birth in Singapore?

Gynaecologist Fees

First trimester (1st to 13th week of pregnancy)

Your first trimester begins when you get pregnant which ability by the time you locate out you are pregnant, there would possibly be constrained time left to do all the check-ups.

There are a series of exams which have to be executed on the First trimester.

These blood tests can value between $200 to $400 every time. Some examples of assessments will be:

    • Triple Serum Tests (at about week 18)
    • First Trimester Screening Panel (at about week 10 to 14)
  • Second and Third Trimester

    Depending on the health center which one goes to, the fee for a ordinary session with the gynaecologist can range from S$60 to S$220. The most secure wager will be to store up sufficient for at least 15 visits.

    • Some gynaecologist will additionally appear to provide you a bundle ranging from S$850 to S$1,500 depending on the hospital which you go to.
    • Throughout your pregnancy, one can anticipate between 2 to 4 ultrasounds. Each ultrasound is expected to value between S$100 to S$200 each. This price is typically no longer covered in the package.
  • Expenses Amount
    --- ---
    Pre-natal Package $850 to $1,500
    Ultrasound Scans(x4) $800
    Harmony Testing $1,000 to $1,500
    Total $2,650 to $3,800

    Furthermore, if you choose for further trying out such as Harmony testing, you can expect to spend another $1,000 to $1,500.

    Delivery Charges

    We will be comparing the most common hospitals for childbirth deliveries, the average prices, the average length of stay as well as the most common wards chosen for delivery.

    Cost of Normal (Vaginal) Delivery

    • Ranges from $840 to $9,775 depending on the hospital and type of ward.
    • Highest median cost for normal (vaginal) delivery: $9,775 (Gleneagles Hospital, Private)
    • Lowest median cost: $840 (National University Hospital, Ward C)
  • Hospital Type Of Ward Median Cost
    --- --- ---
    Gleneagles Private $9,775
    KK Women and Children Ward A $5,099
    Ward B $3,702
    Ward C $1,251
    Mt Alvernia Private $7,957
    Mt Elizabeth Private $9,401
    National University Ward A $4,694
    Ward B $3,209
    Ward C $840
    Parkway East Private $7,007
    Raffles Private $8,539
    Singapore General Ward A $4,557
    Ward B $3,205
    Ward C $1,300
    Thomson Medical Ward A $7,055

    Cost of Caesarean Section

    • Ranges from $1,115 to $16,314 depending on the hospital and type of ward.
    • Highest median cost for caesarean section: $16,314 (Mt Elizabeth Hospital, Private)
    • Lowest median cost of caesarean section: $1,115 National University Hospital, Ward C)
  • Hospital Type Of Ward Median Cost
    --- --- ---
    Gleneagles Private $14,941
    KK Women and Children Ward A $8,777
    Ward B $7,296
    Ward C $2,320
    Mt Alvernia Private $11,241
    Mt Elizabeth Private $16,314
    National University Ward A $15,750
    Ward B $7,314
    Ward C $5,237
    Parkway East Private $1,115
    Raffles Ward A $11,413
    Ward B $12,602
    Ward C $8,330
    Singapore General Private $6,942
    Thomson Medical Private $10,260

    Cost of Caesarean Section With Serious Complications

    • Ranges from $1,491 to $17,220
    • Highest median cost of caesarean section with serious complications: $17,220 (Gleneagles Hospital, Private)
    • Lowest median cost of caesarean section with serious complications: $1,491 (National University Hospital, Ward C)
  • Hospital Type Of Ward Median Cost
    --- --- ---
    Gleneagles Private $17,220
    KK Women and Children Ward A $9,351
    Ward B $8,728
    Ward C $3,124
    Mt Alvernia Private $11,824
    Mt Elizabeth Private $15,383
    Mt Elizabeth Novena Private $15,750
    National University Ward A $7,778
    Ward C $1,491
    Thomson Medical Private $10,754

    How Much Do You Need?

    Assuming you will be visiting the gynaecologist, you will be spending an approximate total of $4,650 excluding any vitamins or supplements. As for delivery, if all goes well, the most you will spend would be $9,775 in total for a three-day stay. However, if things don’t go so well, you can expect to fork out a maximum of $17,220 for a four-day stay. This brings the total to $14,425 if things are smooth or $21,870 — excluding supplements, prenatal classes, and baby items!

    What Is This Baby Bonus Scheme All About?

    The Baby Bonus scheme’s full title is truly the Child Development Co-Savings Scheme. The Baby Bonus payout comes in 3 components: Cash Gift, CDA First Step, and dollar-for-dollar matching.

    Cash Gift ($8,000 to $10,000): This is the first batch of free cash you’ll get with every child, and is credited to your bank account. You can register for the scheme as early as eight weeks earlier than the birth. However, you need to be phase of a state-sanctioned nuclear household to get this cash. Unwed mums do now not acquire the Cash Gift.

    CDA First Step ($3,000): This is a supply that the government deposits when you open a CDA account (Child Development Account) in your baby’s name. The CDA account is routinely opened once your toddler is born. You just need to choose between DBS, OCBC and UOB to control the account.

    Dollar-for-dollar matching (up to $15,000, quantity relies upon on start order): The CDA is a co-savings account, meaning for each $1 you put in your baby’s account, the government will supply him any other $1. This takes place all the way until age 12, with limits set depending on the birth order of your child.

    Birth order Total Baby Bonus payout
    --- ---
    1st child Up to $14,000
    2nd child Up to $14,000
    3rd child Up to $22,000
    4th child Up to $22,000
    5th child onwards Up to $28,000

    Baby Bonus Payout for 1st or 2nd Child – $14,000

    Baby Bonus component Amount given by government When
    --- --- ---
    Cash Gift $8,000 Staggered; see below
    CDA First Step $3,000 3 to 5 working days after your child's birth is registered
    Dollar-for-dollar-matching Up to $3,000 Dollar-for dollar matching is done within 2 weeks
    Total Up to $14,000 -

    The Cash Gift component of the Baby Bonus is staggered according to the following schedule:

    When Amount given under Cash Gift
    --- ---
    Within 3 weeks of joining the scheme $3,000
    When your child is 6 months old $1,500
    When your child is 12 months old $1,500
    When your child is 15 months old $1,000
    When your child is 18 months old $1,000
    Total Cash Gift $8,000

    Baby Bonus Payout for 3rd or 4th Child – $22,000

    Baby Bonus component Amount given by government When
    --- --- ---
    Cash Gift $10,000 Staggered; see below
    CDA First Step $3,000 3 to 5 working days after your child's birth is registered
    Dollar-for-dollar-matching Up to $9,000 Dollar-for dollar matching is done within 2 weeks
    Total Up to $22,000 -

    The Cash Gift component of the Baby Bonus is staggered according to the following schedule:

    When Amount given under Cash Gift
    --- ---
    Within 3 weeks of joining the scheme $4,000
    When your child is 6 months old $2,000
    When your child is 12 months old $2,000
    When your child is 15 months old $1,500
    When your child is 18 months old $1,500
    Total Cash Gift $10,000

    Baby Bonus Payout for 5th Child Onwards – $28,000

    Baby Bonus component Amount given by government When
    --- --- ---
    Cash Gift $10,000 Staggered; see below
    CDA First Step $3,000 3 to 5 working days after your child's birth is registered
    Dollar-for-dollar-matching Up to $15,000 Dollar-for dollar matching is done within 2 weeks
    Total Up to $28,000 -

    For the 5th child onwards, the Cash Gift component of the Baby Bonus is staggered according to the following schedule:

    When Amount given under Cash Gift
    --- ---
    Within 3 weeks of joining the scheme $4,000
    When your child is 6 months old $2,000
    When your child is 12 months old $2,000
    When your child is 15 months old $1,500
    When your child is 18 months old $1,500
    Total Cash Gift $10,000

    Do you get the Baby Bonus if you’re a single parent? In Singapore, single moms do not get the maximum Baby Bonus (even though they’re the ones who are greater in all likelihood to require economic assistance…)

    Single parents are disqualified from the $8,000 to $10,000 Cash Gift component. However, the infant will nevertheless get their very own CDA, and is entitled to the $3,000 CDA First Step Grant as well as the regular dollar-for-dollar matching.

    Here’s a evaluation of how a lot less single dad and mom get for the Baby Bonus payout as in contrast to their peers:

    Birth Order Boby Bonus Payout (married) Boby Bonus Payout (single)
    --- --- ---
    1st child Up to $14,000 Up to $6,000
    2nd child Up to $14,000 Up to $6,000
    3rd child Up to $22,000 Up to $12,000
    4th child Up to $22,000 Up to $12,000
    5th child Up to $28,000 Up to $18,000

    What Do You Need to Do to Get the Baby Bonus Payout?

    Here’s a step-by-step guide to how you can get the money. Step 1: Have a baby. Hopefully we don’t need to tell you how to do this. If you adopt a child, you are also eligible for the Baby Bonus. Step 2: Enrol in the Baby Bonus scheme. You will need a valid marriage cert for this, and your child needs to be born in Singapore or have Singapore citizenship. You can sign up for the Baby Bonus scheme online, as early as 8 weeks before the delivery date. Step 3: Register your baby’s birth. This will automatically open your child’s CDA in 3 to 5 working days. You can also open a CDA account online. Step 4: Save money in your child’s CDA. Do this before he turns 12, and the government will do dollar-for-dollar matching all the way until you hit the cap (based on birth order). It’s super worth it – we can’t think of any other investment that will give you a 100% yield. However, note that funds in the CDA account is locked up and can only be used for education and healthcare expenses for your child, and only at Baby Bonus approved childcare centres, kindergartens, hospitals, clinics, etc. So, if you anticipate cash flow problems, don’t be in too much of a hurry to max out your Baby Bonus just yet.

    Other Child Care Subsidies & Benefits in Singapore

    • Medisave Grant for Newborns ($4,000): All Singapore babies born on or after 1 January 2015 will get a CPF Medisave account and the money will be automatically credited to the account. You can use it to pay for your child’s MediShield life premiums, recommended childhood vaccinations, hospitalisation and approved outpatient treatment.
    • Infantcare (up to $600) and childcare (up to $300) subsidies:Singaporean kids who are enrolled in an infantcare or childcare licensed by ECDA get their fees subsidised. However, the better benefits are for working mothers. Non-working mothers get only up to $150. (Dads, consider quitting your jobs and staying home to care for the kids.)
    • Additional Childcare Subsidy (up to $540 for infantcare and $440 for childcare): This is additional aid for lower income parents with a monthly household income of $7,500 or less.
    • Kindergarten Fee Assistance Scheme KiFAS (up to $170): Singaporean children from lower income families ($6,000 and below) can attend kindergartens at a subsidised rates. Subsidies are 20% to 99% of fees.
    • Start Up Grant (up to $240): Low income families ($1,900 and below) get additional cash to help pay for kindergarten stuff like registration fees, uniforms, materials and so on.
    • Maid levy ($205): You can get a subsidised rate for hiring a domestic helper to help care for your child up to age 16. So instead of paying $265 a month, you pay $60.
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