Can someone summarize the budget benefits for parents?

A quick summary: 1) First Step Grant: Parents of babies born from Thursday (March 24) onwards will get $3,000 upfront into their child's Child Development Account (CDA) under the new First Step Grant. [By the way, there is an announcement on the babybonus website asking parents to wait till 1Jul to start saving in CDA account to receive the first step grant.] 2) Fresh Start Housing Scheme: The Fresh Start Housing Scheme will provide a grant of up to $35,000 for families with young children in rental housing. the Fresh Start Housing Scheme will provide a grant of up to S$35,000 to help such families with young children to own a 2-room flat, with a shorter lease, which will be more affordable for them. (Please refer to table in ST article for more details.) 3) KidStart initiative: meant for kids up to six, will use government and community resources to help such children receive learning, developmental and health support. The baby bonus scheme is still in place, visit this site for more information: http://app.msf.gov.sg/Policies/Strong-and-Stable-Families/Supporting-Families/Baby-Bonus-Scheme#CDA Also, it was mentioned in the report that Medisave withdrawal limit for pre-delivery medical expenses will be doubled from $450 to $900 with immediate effect. This is what I’ve gathered so far. Do add on if I’ve missed out any. Also attached the infographic on how the First Step Grant will work. Information summarized from: http://www.straitstimes.com/business/economy/singapore-budget-2016-parents-to-get-3000-in-child-development-account-of-babies http://www.channelnewsasia.com/news/singapore/budget-2016-more-grants/2632984.html

Parents of babies born from Thursday, 24 March 2016 onwards will get $3,000 upfront into their child's Child Development Account (CDA) under the new First Step Grant. To complement what Hui Qun has written above, I found this infographic on the MSF website, regarding the First Step Grant, which could be useful in understanding this new policy:

Things are still pretty bad for low income parents :(

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