As a soon to be father, I want to know the total amount of money I can defray off from my expenses with the current baby benefits implemented.
So here is the break down in monetary sense:
For the first child, you get a $6000 cash hand out with another $6000 to be used for child development which will be match dollar for dollar if you were to put $6000 in a CDA account.(can be used for child care centers, kindergarten, medical expenses, healthcare items at pharmacies, basically things that you will spend on anyway.). DBS, UOB and OCBC will be the CDA managing agents next year which means more convenience.
Besides the cash hand outs and dollar to dollar matching, you will also get a min of $300 monthly subsidy for child care programmes and a min of $600 monthly subsidy for full day infant care programmes. ...
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