Extracted from Singapore Budget Speech 2011, ANNEX B-1: CHILD DEVELOPMENT CREDIT
- The payout for the Child Development Credit will start in July 2011.
- MCYS will send letters to parents of eligible children to notify them by June 2011.
Quanta of Child Development Credit:
|Annual Value of Home in 2010*||Child Development Credit|
|Up to $13,000||$400|
|More than $13,000||$300|
*As at 31 Dec 2010. HDB flats and some private residences have annual values of less than $13,000.
More details at http://www.singaporebudget.gov.sg/budget_2011/budget_speech.html