Question on Child Devt Account (CDA)

[Ysc3]

  On 1/12/2016 at 5:36 AM, Coltplussport said:

 Use it to pay school fees, there shouldn't be any left over after that. Remember that CDA for subsequent children can be use to pay school fees for those that ran out. So CDA shouldn't have much left over to worry about.

 

geez ... what the school fees for primary schools nowadays ?? my time was $3 a month ...

  On 1/12/2016 at 7:31 AM, Ahseng said:

won't have "leftover" or "too much" one assuming one goes to childcare from 18 months onwards.

 

that's one good  way ... got to get my wife to go work first ... then got govt subsidy right ??

  On 1/12/2016 at 9:35 AM, Sabian said:

Is your child covered for medical under yours or your wife's company coverage?

 

If so, use that unless your medical coverage is insufficient.

 

When your kid goes to nursery or kindergarten, there will be ample opportunities to use it. And the baby bonus won't seem like much when their school fees kick in.

 

can use cda to pay for my son's medical insurance ?? like that then I can save on the cash portion for his med ins liow ...

[Kangadrool]

Gahment calculated until very zhun zhun one based on normal child care and kindergarten fees.

 

My first child not enough.

 

My second child left abit; used balance to buy spectacles for elder child. (Remark: actually nothing left, but this small balance comes from sudden "windfall" for budget 2015. Additional $600 top up.

 

Any increase in gifts, the child care operators will fast hand fast leg up the fees to match.

 

  On 1/12/2016 at 7:31 AM, Ahseng said:

won't have "leftover" or "too much" one assuming one goes to childcare from 18 months onwards.

 

Edited January 13, 2016 by Kangadrool

[Kangadrool]

At first I also scared cannot use up. So, I top up $1K by $1K. In the end, top up full amount per government matching.

 

  On 1/12/2016 at 9:29 AM, Nzy said:

Those that go for normal kindergarten with no childcare will not be able to use up. I didn't deposit all at one go cuz I doubt can finish using before Primary school.

 

[Coltplussport]

  On 1/13/2016 at 4:32 AM, Ysc3 said:

geez ... what the school fees for primary schools nowadays ?? my time was $3 a month ...

 

 

 

Haha, school fees for nursery, kindergarten, infant care, childcare and after school care. All this adds up to quite a lot. School fees for public school still very affordable.

[Kangadrool]

For Singaporeans, primary school fees:

 

1. School fee: Free

 

2. Standard Miscellaneous fee: $6.50 pm

 

3. Second tier miscellaneous fee: $6.50 pm (varies from schools, but can use Edusave to pay)

 

 

[oleandero]

  On 1/12/2016 at 9:35 AM, Sabian said:

Is your child covered for medical under yours or your wife's company coverage?

 

If so, use that unless your medical coverage is insufficient.

 

 

i thought newborn (or kids born after Aug 2012) has medisave grant? and that they have their own medisave account?

cannot use this to pay for medical stuff (jabs etc)?

 

http://www.heybaby.sg/havingchildren/grant_newborns.html

 

under FAQ

The Medisave Grant for Newborns (MGN) helps to provide parents with greater peace of mind and support for their children's healthcare needs.

The MGN will help to ensure that newborns start out in life with enough Medisave to pay for their Medishield Life premiums from birth till age 21. It will also support expenditures on other healthcare expenses such as recommended childhood vaccinations, hospitalisation, and approved outpatient treatments.

[Nzy]

  On 1/13/2016 at 4:42 AM, Kangadrool said:

At first I also scared cannot use up. So, I top up $1K by $1K. In the end, top up full amount per government matching.

 

Lol. How you all use so fast. My son in K2 and I only top up 3k. Balance got more than enough to pay school fees till he Primary 1 already.

[Enye]

i have 24k including govt matching for my no 3.

 

don't think will finish using.  nursery and kindergarten maybe use 10k total if attend PAP

 

dunno wanna contribute so much or not...in the end, will end up in PSEA or child's OA

 

all stuck in govt pockets

 

 

 

 

 

 

 

 

 

[Ahseng]

  On 1/13/2016 at 4:35 AM, Kangadrool said:

Gahment calculated until very zhun zhun one based on normal child care and kindergarten fees.

 

My first child not enough.

 

My second child left abit; used balance to buy spectacles for elder child. (Remark: actually nothing left, but this small balance comes from sudden "windfall" for budget 2015. Additional $600 top up.

 

Any increase in gifts, the child care operators will fast hand fast leg up the fees to match.

 

you're right man. Everytime baby bonus got increase or whatever such news,....ding ding ding...school fees increment time. Windfall for operators.

[Sabian]

  On 1/13/2016 at 5:41 AM, oleandero said:

 

i thought newborn (or kids born after Aug 2012) has medisave grant? and that they have their own medisave account?

cannot use this to pay for medical stuff (jabs etc)?

 

http://www.heybaby.sg/havingchildren/grant_newborns.html

 

under FAQ

The Medisave Grant for Newborns (MGN) helps to provide parents with greater peace of mind and support for their children's healthcare needs.

The MGN will help to ensure that newborns start out in life with enough Medisave to pay for their Medishield Life premiums from birth till age 21. It will also support expenditures on other healthcare expenses such as recommended childhood vaccinations, hospitalisation, and approved outpatient treatments.

 

I meant if his or his wife's company covers kids medical, then tap on that first.

 

Leave the CDA and MGN alone first if the company coverage is there.

[Nzy]

  On 1/13/2016 at 8:25 AM, Ahseng said:

you're right man. Everytime baby bonus got increase or whatever such news,....ding ding ding...school fees increment time. Windfall for operators.

Go PCF lo. Their increase the least and still got discount. My son's school let us pay the old rates if we pay 6 months fees immediately.

[Ysc3]

  On 1/13/2016 at 8:29 AM, Sabian said:

I meant if his or his wife's company covers kids medical, then tap on that first.

 

Leave the CDA and MGN alone first if the company coverage is there.

 

i am paying the basic coverage for the 3 of us with medisave ... but its the cash portion that i was hoping can get some relief ...

 

my company not family-friendly lah ... dun even have to think about that ...

[Watwheels]

  On 1/12/2016 at 5:06 AM, Ysc3 said:

dun blame me for not knowing ... coz I did not even know need the CDA atm card to make use of his money even !!

 

went for his jabs and when the cashier ask me how i wanted to pay. i told her to use his CDA. then she ask me for the card and i said " what card ??" ... ended paying cash ...

 

i am a clueless father ....

 

No wonder so much unclaim millions still with govt agencies. It's sotong ppl like you.

http://www.straitstimes.com/singapore/some-150m-of-unclaimed-money-held-by-government-ministries-and-courts

I think your wife also sama sama.

 

All the sotong flock together.

[Ahseng]

  On 1/13/2016 at 12:16 PM, Nzy said:

Go PCF lo. Their increase the least and still got discount. My son's school let us pay the old rates if we pay 6 months fees immediately.

 

Not easy to get a slot bro...I'd be trying for PCF for my son next time. 

[Nzy]

  On 1/13/2016 at 1:15 PM, Ahseng said:

Not easy to get a slot bro...I'd be trying for PCF for my son next time. 

 

Guess my area opposite. Easy to get a slot in PCF. Class size all very small. My second son's class only 7 people for now. Whereas for the private kindergartens all got long waiting list till I give up already.

[UncleAtas]

#Spam @babyblade

[DACH]

@kobayashiGT @babyblade @pchou

[Liquidh]

  On 1/13/2016 at 2:11 PM, Nzy said:

Guess my area opposite. Easy to get a slot in PCF. Class size all very small. My second son's class only 7 people for now. Whereas for the private kindergartens all got long waiting list till I give up already.

Which area you at?