The fact that Singapore is facing a declining birth rate is a well-known problem. The government has been trying everything it can to address this issue and that includes throwing in the proverbial kitchen sink. Well, it is indeed throwing something at the problem and that is money. It has increased monetary incentives to all parents-to-be to help them cope with the costs of raising a newborn. Since they are there for the taking, it will be foolish for first-time parents not to take full advantage of them if their circumstances allow. Find out more about the 2018 Baby Bonus Scheme and choose the best Child Development Account (‘CDA’) for your newborn in this article.
