Club 2005 Kids
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DaddyD!!
this is for you, I ended calling the baby bonus :skeptical:
Separate CDA is required for Yr2005. the credits can be used as per the CDA account (sch fees, medical)
If you do not use the credits ($400) or if you have remaining credits, MCYS will be sending a letter in November 2011 to ask us to fill up form to indicate if we want to have the credits withdrawn as cash or have the credits transferred to a Post Secondary Account.
What is Post Secondary Account -> Account for Teritary Education. ITE, Poly, local Uni.
if you opt for cash, the disbursement will be done by Feb 2012. -
Kissgurami:
You have a coffee maker which uses coffeenbeans too? What problems?MintyMin:
:rotflmao: :rotflmao: Hey u nvr noe leh.. :evil:
Can u imagine.. we even haf probs wif our coffee beans?? :roll:
The vendor din come n service our coffee machine n din top up the beans lor.. duno issit bcoz nvr pay money also..
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Kissgurami:
i thot the CDA account can be used when they go in P1 nxt yr. :scratchhead:DaddyD!!
this is for you, I ended calling the baby bonus :skeptical:
Separate CDA is required for Yr2005. the credits can be used as per the CDA account (sch fees, medical)
If you do not use the credits ($400) or if you have remaining credits, MCYS will be sending a letter in November 2011 to ask us to fill up form to indicate if we want to have the credits withdrawn as cash or have the credits transferred to a Post Secondary Account.
What is Post Secondary Account -> Account for Teritary Education. ITE, Poly, local Uni.
if you opt for cash, the disbursement will be done by Feb 2012. -
Tokidoki:
Nuh, I thought so as well. This is the link: http://app.customerfeedback.mcys.gov.sg/bbs_faqmain.asp?strItemChoice=2011224111918&strSubItemChoice=2011224112159&action=SHOWTOPICS&m_strTopicSysID=2011224112536#2011224112159
i thot the CDA account can be used when they go in P1 nxt yr. :scratchhead:
Can I withdraw the remaining Credit from my child's CDA when his CDA is closed (the year he turns 6 years old)?
You can opt to withdraw the monies in your child's CDA when your child's CDA is closed if your child is born in 2005 to 2007. If your child is born after 2007, the balance of the Credit top-up in the CDA will be transferred directly into his Post-Secondary Education Account. -
Kissgurami:
does it mean that 2005-2007 kids must close their CDA acct? so confusing.
Nuh, I thought so as well. This is the link: http://app.customerfeedback.mcys.gov.sg/bbs_faqmain.asp?strItemChoice=2011224111918&strSubItemChoice=2011224112159&action=SHOWTOPICS&m_strTopicSysID=2011224112536#2011224112159Tokidoki:
i thot the CDA account can be used when they go in P1 nxt yr. :scratchhead:
Can I withdraw the remaining Credit from my child's CDA when his CDA is closed (the year he turns 6 years old)?
You can opt to withdraw the monies in your child's CDA when your child's CDA is closed if your child is born in 2005 to 2007. If your child is born after 2007, the balance of the Credit top-up in the CDA will be transferred directly into his Post-Secondary Education Account. -
Tokidoki:
Yes.. can be used for Primary then Secondary education is you do not withdraw out the $$ but is only for this yr2005 as well as those think born yr 2007 and earlier.. after that.. can't withdraw out le..
i thot the CDA account can be used when they go in P1 nxt yr. :scratchhead: -
Kissgurami,
So did u also asked abt the letter for us to open CDA account for our kiddos when they will b sending? -
Tokidoki:
does it mean that 2005-2007 kids must close their CDA acct? so confusing.[/quote]if you want.. if not you can maintain as edu fund
Nuh, I thought so as well. This is the link: http://app.customerfeedback.mcys.gov.sg/bbs_faqmain.asp?strItemChoice=2011224111918&strSubItemChoice=2011224112159&action=SHOWTOPICS&m_strTopicSysID=2011224112536#2011224112159Kissgurami:
[quote=\"Tokidoki\"]
i thot the CDA account can be used when they go in P1 nxt yr. :scratchhead:
Can I withdraw the remaining Credit from my child's CDA when his CDA is closed (the year he turns 6 years old)?
You can opt to withdraw the monies in your child's CDA when your child's CDA is closed if your child is born in 2005 to 2007. If your child is born after 2007, the balance of the Credit top-up in the CDA will be transferred directly into his Post-Secondary Education Account. -
Castle House:
No wor, I checked and they said the funds will not be shifted to Edusave account (which is used for primary and secondary).
Yes.. can be used for Primary then Secondary education is you do not withdraw out the $$ but is only for this yr2005 as well as those think born yr 2007 and earlier.. after that.. can't withdraw out le..Tokidoki:
i thot the CDA account can be used when they go in P1 nxt yr. :scratchhead: -
Kissgurami:
No wor, I checked and they said the funds will not be shifted to Edusave account (which is used for primary and secondary).[/quote]Oh.. is it.. thought all CDA accounts can be shifted? :?
Yes.. can be used for Primary then Secondary education is you do not withdraw out the $$ but is only for this yr2005 as well as those think born yr 2007 and earlier.. after that.. can't withdraw out le..Castle House:
[quote=\"Tokidoki\"]
i thot the CDA account can be used when they go in P1 nxt yr. :scratchhead:
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