[QUOTE=Blast88;7241883]
Quote:
Originally Posted by SingViet
Hi Bro SV,
What if only father is working, will there be any relief? Possible to utilise the baby bonus to pay for the full school fee?  |
I asked the same questions like you initially, but the answer is NO. Only Working Mothers are eligible for subsidy. As for Baby bonus paying for all, its not possible. Let me explain how it works. Unless you have a lump sum to throw into the CDA account to match the dollar for dollar government baby bonus, or else it works this way. For example, now is May, you bank in $500 into your child's CDA, and it must be before the last banking day of the month. By june 20th, you will get a match of $500 in your child's account. So by July 1st, your child's CDA account will have a sum of $1k to pay his school fees. You cannot have that sum of baby bonus and not bank in any money to utilise it.