Deputy
Prime Minister Teo Chee Hean announced enhancements to the Child Development
Account (CDA) during the Committee of Supply Debate for the Prime Minister's
Office in Parliament on Thursday.
Under the enhanced scheme, the CDA can be used
to cover a child's expenses at pharmacies, opticians as well as assistive
technology devices for children with disabilities up to the age of 12, with
changes to be implemented in the second half of the year.
The CDA was piloted in 2001 to allow parents
set up a deposit account for their child. The government then matches the
deposit one-for-one, up to a cap of S$18,000 per child, depending on the
child's birth order.
The money can currently be used for the
developmental needs of the child, up to age six, in areas such as child care,
kindergarten and health care.
AsiaOne
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