Eligibility

Who is Eligible for a PSEA?

If he has Child Development Account balance to be transferred

If a Singaporean is eligible for a Child Development Account (CDA) and has unspent balance in his CDA, a PSEA will be opened for him:

  • In the year he turns 7 years old for a child born between 2001 and 2005, or
  • In the year he turns 13 years old for a child born in or after 2006.

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.

Details of the CDA Scheme are available at the Baby Bonus Scheme website.

If parents contribute to PSEA

If a child’s CDA balance has been transferred to PSEA and the contribution cap has not been reached, parents can continue to contribute to the child’s PSEA through the following payment channels:

For all parents
  • Via AXS (Click on DBS/POSB icon, Select 'Services', then 'PSEA Services', then ‘Top Up PSEA Account')
  • Via cash at any DBS/ POSB, OCBC, or UOB Bank Branch
  • Via UOB Cash Deposit Machine
  • Via cheque at any OCBC or UOB cheque drop boxes (The cheque must be crossed and made payable to ‘Ministry of Education Post-Secondary Education Account’. The payee has to write his/her name and contact information, and his/her child’s/ward’s Birth Certificate Number / Citizenship Certificate Number / Identity Card Number and name on the reverse of the cheque.)
For parents who are account holders of the respective banks indicated below only:
  • Via OCBC ATM (Select Bill Code 6001 for ‘MOE PSEA Contribution’)
  • Via UOB ATM
  • Via DBS/POSB or UOB Internet Banking
  • Via DBS/POSB Mobile Banking
  • Via Funds Transfer at any OCBC or UOB bank branch

If he is eligible for government top-up

There were 5 Government top-ups to the PSEA from 2008 to 2015. The top-up quantum a Singaporean received depended on his age in the top-up year, and the annual value of his home. If a Singaporean is eligible for the PSEA top-up, a PSEA will be opened for him if he does not already have one. The top-up will be done automatically.

If he has Edusave balance to be transferred

If a Singaporean has an Edusave account, the balance will be transferred to PSEA in the year he turns 17 years of age or is no longer studying in a MOE-funded school, whichever happens later. MOE will send a letter to inform the account-holder when the transfer is effected.

If he is eligible for National Service Housing, Medical and Education Awards

If a Singaporean is eligible for the first tranche of the National Service Housing, Medical and Education (NS HOME Awards), a PSEA will be opened for him if he does not have one yet. Details of the NS HOME Awards can be found at the NS Portal. Please select your user group and type “NS HOME Awards” under the search function.

If he is eligible for Annual Education Bursary

If a Singaporean is eligible for the annual education bursary under the Home Ownership Plus Education (HOPE) Scheme, a PSEA will be opened for him if he does not have one yet. Details of the HOPE Scheme are available at the HOPE Scheme website.