1/17/2024 0 Comments 3 step process infographic![]() diploma, undergraduate programmes) in approved institutions, as well as to repay Government education loans and financial schemes. Funds in the account can be used to pay for approved programmes (e.g. ![]() *The Post-Secondary Education Account helps parents save for their children’s post-secondary education needs. Parents who have not saved up to the co-matching cap can continue to contribute to the Post-Secondary Education AccountĪnd receive the matching amount until the cap is reached, or when the child turns 18 years old, whichever is earlier. Visit the Ministry of Social and Family Development’s Approved Institution webpage for the full list of organisations where the CDA savings can be usedĪny savings left in the CDA after the year your child turns 12 will be transferred to his or her Post-Secondary Education Account*. Approved healthcare items at pharmacies.Eye-related products and services at optical shops.Premiums for MediShield Life or MediSave-approved private integrated plans. ![]() Medical expenses at healthcare institutions such as hospitals and General Practitioner clinics.Fees for registered childcare centres, kindergartens, special education schools and early intervention programmes.The savings in the account can be used for: The Government has increased theĬo-matching cap by $1,000 for children in the first and second birth orders.You can save into and use the CDA at any time before 31 December of the year your child turns 12 years old. Government co-matching of parents’ savingsĮnjoy dollar-for-dollar matching from the Government when you save into your child’s CDA, up to the Government co-matching cap. The CDA First Step Grant will be automatically deposited when you open the CDA for your child at any of the following banks: DBS/POSB, OCBC or UOB. The Government has enhanced the CDA by increasing the CDA First Step Grant by $2,000 (from $3,000 to $5,000) for children in all birth orders. The First Step Grant is deposited into the CDA without you having to save first, and your subsequent savings will beĬo-matched by the Government, up to a cap.Ĭhild Development Account First Step Grant The Child Development Account (CDA) is a special savings account for your child. Note: Children born from 14 February 2023 would have received the first disbursement of their BBCG at birth. *The figures in bold reflect post-enhancement amounts, with changes from current quantum indicated in parentheses. You are lawfully married to your spouse.įor more information on the Baby Bonus Cash Gift, visit go.gov.sg/bboĬheck your eligibility for the cash gift at Ĭurrent Disbursement Schedule and QuantumĬhildren in the 3rd and subsequent birth order. ![]() Your child is eligible for the Baby Bonus Cash Gift if: This way, parents can receive sustained support all the way till their child enters primary school. The Government has increased the BBCG by $3,000 for children in all birth orders, and adjusted the payout schedule to provide financial support on a regular basis, once every six months till Applicable for eligible Singaporean children born on or after 14 February 2023. *Figures in bold reflect post-enhancement amounts. Here, we’ve selected some of the best step process infographic designs to help you visualize your process in the most comprehensive way.Child Development Account (for approved uses, such as healthcare and preschool fees) No matter if you want to get the whole team on the same page quickly and efficiently, or clear up the details about a project with your new client, visualizing a process as separate steps is crucial to make the project run smoothly and minimize the lack of coordination. Let’s begin!īreaking down a process into smaller steps always helps to explain a complex subject and make it snackable for your audience. How to explain a complex process in the most effective and comprehensive way? Through visualization! Today, we will show you more than 40 process infographic templates that you can download and use to break down your complex processes into simpler steps for your audience to understand in no time.
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