Club 2005 Kids

[Castle House]

Tokidoki:

i thot the CDA account can be used when they go in P1 nxt yr. :scratchhead:

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..

[MintyMin]

Kissgurami,

So did u also asked abt the letter for us to open CDA account for our kiddos when they will b sending?

[Castle House]

Tokidoki:

Kissgurami:

[quote=\"Tokidoki\"]
i thot the CDA account can be used when they go in P1 nxt yr. :scratchhead:

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

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.

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

[Kissgurami]

Castle House:

Tokidoki:

i thot the CDA account can be used when they go in P1 nxt yr. :scratchhead:

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..

No wor, I checked and they said the funds will not be shifted to Edusave account (which is used for primary and secondary).

[Castle House]

Kissgurami:

Castle House:

[quote=\"Tokidoki\"]
i thot the CDA account can be used when they go in P1 nxt yr. :scratchhead:

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..

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? :?

[bigsnoopy]

Castle House:

nettie:

Hi all!!! not new to KSP but new to Club 2005


My DS2 is going to reg for 2A2 on monday!

I think i can also join Club 2007 kids for my DS3

Welcome.. I am going to reg under 2A2 as well... boss approved my leave le.. :dancing: :rahrah:

:rahrah: that is the kiasu sprite right?

[Kissgurami]

Castle House:

Oh.. is it.. thought all CDA accounts can be shifted? :?

Yup, just called them again to verify.

If you child is born between 2005 - 2007, a letter will be sent to you to close the account and you have the option to withdraw or have the monies transferred to PSEA (Post Secondary Education Account)

For babies born after 2007, the acount will be automatically closed and the monies will be transferred to PSEA (Post Secondary Education Account)

[Tokidoki]

Kissgurami:

Castle House:

Oh.. is it.. thought all CDA accounts can be shifted? :?

Yup, just called them again to verify.

If you child is born between 2005 - 2007, a letter will be sent to you to close the account and you have the option to withdraw or have the monies transferred to PSEA (Post Secondary Education Account)

For babies born after 2007, the acount will be automatically closed and the monies will be transferred to PSEA (Post Secondary Education Account)

kissgurami, thanks for clarifying with MCYS. :udawoman:

[bigsnoopy]

:scratchhead: I am clueless with wat u all r saying about the CDC account. The letter still in front of me and I too engross in P1 reg to read it.

[Daddy D]

Kissgurami:

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.

TQ!
More EXTRA than I thought...
so I open the CDA now... then CDA will be closed by end 2011 (turn 6yrs)...
Am I missing something here?

:stupid: :stupid: :stupid: :stupid: