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Many Baby Bonus & incentives are not automatic

Baby bonus is an incentive introduced by the Singapore government to encourage parents to have more children. Currently, the total fertility (TFR) rate per female in 2014 was just 1.25 when the desired ratio is 2.1. The baby bonus is not automatic and requires parents to take some action to enjoy it. The Baby Bonus scheme was first introduced in April 2001 and has gone through various enhancements. This article summarise all the baby bonus schemes and as well as all the incentives which … [Read More...]

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