Post-Secondary Education Account: who is eligible

Learn how to contribute to your child’s Post-Secondary Education Account (PSEA), transfer your PSEA balance and eligibility for PSEA-related benefits.

Who is eligible

Singaporeans with a Child Development Account (CDA)

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

  • In the year they turn 7 years old for a child born between 2001 and 2005, or in the year they turn 13 years old for a child born after 2005.
  • For parents who 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. We will send a letter to inform parents of the amount transferred, how much more they can co-save and how to make further contributions, if applicable.

Learn more about the CDA Scheme.

Parental contributions to PSEA

If your child’s CDA balance has been transferred to PSEA and the contribution cap has not been reached, you can continue to contribute to your child’s PSEA before their 18th birthday, through the following payment channels:

All parents

  • AXS:
    1. Click on DBS or POSB icon.
    2. Select ‘Services'.
    3. Select ‘PSEA Services'.
    4. Select ‘Top Up PSEA Account'.
  • Cash at any DBS or POSB, OCBC, or UOB Bank Branch.
  • UOB Cash Deposit Machine.
  • Cheque at any OCBC or UOB cheque drop boxes.
    1. The cheque must be crossed and made payable to ‘Ministry of Education Post-Secondary Education Account’.
    2. The payee has to write the following information on the reverse of the cheque:
      • Their name and contact information.
      • Their child or ward’s Birth Certificate Number or Citizenship Certificate Number or Identity Card Number.

Parents who are account holders of the following banks

  • OCBC ATM
    • Select Bill Code 6001 for ‘MOE PSEA Contribution’.
  • UOB ATM
  • DBS or POSB or UOB Internet Banking
  • DBS or POSB Mobile Banking
  • Funds transfer at any OCBC or UOB bank branch
Government top-up eligibility

As part of the Household Support Package announced in Budget 2021, the Government will provide a top-up of $200 in 2021 to the PSEA of Singapore Citizens aged 17 to 20 in 2021 if they are not eligible for the Edusave top-up.

If the Singapore Citizens are eligible for the PSEA top-up, a PSEA will be opened for them if they do not already have one. The top-up will be done automatically in May 2021.

Edusave balance transfer

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

National Service housing, medical and education awards

If a Singaporean is eligible for the first payment of the National Service Housing, Medical and Education (NS HOME) Awards, a PSEA will be opened for them if they do not have one.

Learn more about the NS HOME Awards. Select your user group and type “NS HOME Awards” under the search function.

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 them if they do not have one yet.

Learn more about the HOPE Scheme.

Find out what it is, how to check funds balance and what you can use for.