Get all the latest updates on the Baby Bonus 2024 Payout Dates: When is Baby Bonus Coming for Singapore in December? Singaporean parents will be overjoyed if they are planning to deliver a baby in Singapore. You can get $3000 for each dependent child in cash. Here is a parental guide on the Baby Bonus Scheme, including eligibility, application procedure, payment amount and a lot more.
Baby Bonus 2024
Baby Bonus Program in Singapore helps individuals cover the cost associated with raising a child. If you have recently applied for the Bonus, we would like to inform you that from 1 November 2024, you will experience an increase in your benefit payment.
To offset the cost of raising a child in Singapore could be challenging without any financial support. Raising a child in the 21st century drains huge amounts of finances. Have you ever wondered why Singapore offer thousands of dollars for having a baby? This is because human resources for them is of utmost importance.
Baby Bonus Payout Dates
The Inland Revenue Authority of Singapore is responsible for providing the amount until the child turns six or six and a half years. This will not apply whether you have submitted an application or not, but the information will be checked from the details you have shared on the main portal.
We would like to inform you that now you do not have to worry about finances as under the Baby Bonus Scheme, you can get financial support as soon as the baby is born. Parents need to simply check the eligibility for receiving the payment.
Baby Bonus Overview
| Article Heading | Baby Bonus 2024 |
| Country | Singapore |
| Governed By | Inland Revenue Authority of Singapore |
| Payment Date | Within two of approval of the application |
| Official Website | babybonus.msf.gov.sg |
Baby Bonus Eligibility Criteria
To qualify for the child bonus, you need to meet specific eligibility conditions set by the Government.
- At least one of the partners should be Singaporean to be eligible for the bonus.
- The child must be born on or after 14 February 2023 to get the Child Bonus Cash Gift.
- The new born must have Singaporean citizenship to avail of the baby bonus.
- Only legally married couples can receive the payment for raising their child.
- Even though you have adopted a child, you are eligible for the Babby Bonus payment.
Apart from this, the vision of immigration has to be confirmed by the IRAS. This is the most convenient process to bifurcate several citizens into verified ones.
When is Baby Bonus Coming for Singapore in December?
If you require finance for the upbringing of a child, you can claim the Baby Bonus. A bit of financial support from the Government could help couples provide a convenient life for their kids. Here is the payment amount you could recieve under the Baby Bonus Scheme.
| Birth Order | Payment Amount |
| 1st child | Up to $20,000 |
| 2nd child | Up to $23,000 |
| 3rd child | Up to $27,000 |
| 4th child | Up to $27,000 |
| 5th child onwards | Up to $33,000 |
Once your application has been approved, your payment will be transferred to the bank accounts directly. It is important to note that the initial bonus payment will be credited within two weeks. However, if you have not received your payment after two weeks, you are advised to call 1800 253 7707.
All We Know
The Baby Bonus is the payment that you utilise for others to pay for basic requirements like diapers or save them for future purposes. These days, education and the cost of raising even a single child are exaggerated. The important thing that we would want to suggest is that you kindly avoid relying on a single source of income to care for your baby.
If you wish to claim the Baby Bonus, make sure you have the Singpass. Provide your bank details, contact and personal information to the official during the application process. If you encounter any issues during the application process, you are advised to reach the local office or contact the official using the number shared on the leading portal.
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