CDA ACCOUNT
may i know the capped for cda account saving maximum up to?? At what aged will stop? What will happen to the money after that?
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1st and 2nd child CDA1st step $3k Dollar for dollar matching up to $3k If the parents have not saved up to the CDA contribution cap, they can continue to contribute to PSEA and receive the government’s matching grant until the contribution cap is reached, or when the child turns 18 years old, whichever is earlier. MOE will send a letter to inform the parents of the amount transferred, how much more they can co-save and how to make further contributions, if applicable.
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