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

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.

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 18^th birthday if the contribution cap has not been reached. You can do so through the following ways:

Related question

• Can I choose to transfer my child's Child Development Account (CDA) balance to his Edusave Account instead of Post-Secondary Edusave Account (PSEA)?

More FAQs on PSEA.