Club 2005 Kids

[MintyMin]

Kissgurami:

just to confirm $400 for each child or for each family?


I received $400 for DD2... there should be another $400 for DD1? :?

Yes.. for EACH kid.. tatz y we mums of 2005 kids shld have a letter indicating the CDA money given for them..

[Kissgurami]

celtricia:

Kissgurami:

just to confirm $400 for each child or for each family?


I received $400 for DD2... there should be another $400 for DD1? :?

Yes.. for EACH kid.. tatz y we mums of 2005 kids shld have a letter indicating the CDA money given for them..

Wooo... each kid.. MCYS have a website? maybe can call them tomorrow?

[bigsnoopy]

cybershot:

oh, yeah! i am also joining the club!!! gee... still not sure if the school i will choose is good or not...

:rahrah: Welcome :rahrah:
Which school are you choosing?

[Tokidoki]

i also haven't receive the MCYS letter...wondering why taking so long. :scratchhead: :snooze:

[Kissgurami]

wah so alot of 2005 have yet to receive, delay on their end? I thought only for DD2 …

[bigsnoopy]

Should be coming la. Give it a few more days before calling MCYS.

[SAHM_TAN]

bigsnoopy:

I just saw a letter from MCYS asking me to open a CDC account before Dec 2011. Anyone had the same letter?

Yup rec it.

[SAHM_TAN]

Kissgurami:

Matching Government Contribution in Child Development Account (CDA) for children eligible for Baby Bonus

The CDA is a special savings account that you open at any OCBC Bank or Standard Chartered Bank branch for your child who is eligible for CDA.

All your children born on or after 17 August 2008 will also enjoy Government contributions in the form of a dollar-for-dollar matching for the amount of savings you contribute to your child’s Child Development Account (CDA). If your child is born before 17 August 2008, he or she will enjoy the Government matching contributions in the CDA if he or she is your second to fourth child.

For the 2005 child, there will not be any matching from gvt.

[bigsnoopy]

SAHM_TAN:

bigsnoopy:

I just saw a letter from MCYS asking me to open a CDC account before Dec 2011. Anyone had the same letter?

Yup rec it.

Have you read it yet? I haven't. Too wordy alrdy. Intending to bring to office and read.

[puff]

I call MCYS last mth when I received the letter for DD2 ( born after 08) n not for DD1( born b4 2008) . They told me will get the letter some time this mth to open cda acc for dd1. They also said $400 for dd1 can be withdraw out after dd1 turn 7 yo but for dd2 cannot be withdraw even after she turn 7 yo.