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Last Updated: 15 December 2022

Post-Secondary Education Account (PSEA): Transfers and contributions

Learn when funds from other accounts, such as the Child Development Account (CDA) and Edusave Account, are transferred to the PSEA, and how contributions to PSEA can be made.

Transfers to PSEA

From Child Development Account (CDA)

If your child has remaining balance in their CDA, it will be transferred to their PSEA in the year they turn 13 years old.

The transfer usually happens in end-January of the year. We will send you a letter in end-February to inform you of the amount transferred, how much more you can co-save and how to make further contributions, if applicable.

If you have not saved up to the CDA contribution cap, you can continue to contribute to your child's PSEA and receive the government’s matching grant until the contribution cap is reached, or when your child turns 18 years old, whichever is earlier. Find out how to contribute.

Learn more about the CDA Scheme.

From Edusave Account

If your child has an Edusave Account, the balance will be transferred to their PSEA in the year they turn 17 years of age or is no longer studying in an MOE-funded school, whichever happens later.

The transfer usually happens in April of the year. We will send you a letter in May to inform you of the amount transferred.

If you are intending to use your child's or their sibling’s PSEA funds for ITE or polytechnic fees, and the funds have not been transferred from their Edusave Account, check with the institution on how to do so and their advice on interim payment arrangement.

To a sibling's account

Account holder can opt to transfer the balance to their sibling's existing PSEA. Information will be sent to the account holders in March of the year they turn 31 years old.

Contributions to PSEA

You can continue contributing to your child’s PSEA before their 18th birthday if the contribution cap has not been reached. You can do so through the following ways:

AXS kiosk
Follow these steps:
  1. Click on DBS or POSB icon.
  2. Select 'Services'.
  3. Select 'PSEA Services'.
  4. Select 'Top Up PSEA Account'.
  5. Follow the on-screen instructions to complete the transaction.

Fund transfer for local bank account holders
  • DBS/POSB: Internet banking or mobile banking.
  • OCBC: Fund transfer at bank branch or ATM (select bill code 6001 for ‘MOE PSEA Contribution’).
  • UOB: Fund transfer at bank branch or ATM

Cash

You can top up using cash at:

  • Any DBS/POSB, OCBC or UOB bank branch.
  • UOB Cash Deposit Machine.

Call our 24-hour automated PSEA hotline at 6260 0777 to check if the contribution cap has been reached.

Related question

More FAQs on PSEA.