Baby bonus

A baby bonus is a government payment to parents of a newborn baby or adopted child to assist with the costs of childrearing.

Australia

The government of Andrew Fisher introduced a baby bonus of £5[1] per child in late 1912. The bonus was available irrespective of marital status and could also be received by husbands of women who died in childbirth. While Fisher told parliament that the aim was to help mothers in their time of need, the intention was also to increase birth and infant survival rates in the country.[2]

The baby bonus scheme was reintroduced by the Federal Government of Australia in the 2002 budget was aimed at offsetting the expenses associated with bearing a child. The scheme was also introduced as a means of increasing Australia's fertility rate and to mitigate the effects of Australia's ageing population.[3] In the 2004 budget the bonus was raised from $3,000 effective 1 July 2004 to $12,000 payable in 2007 but indexed to inflation so that in October 2007, the amount receivable per eligible child was $4,133.[4] The bonus was paid in a lump sum to a nominated financial institution. From 1 January 2009 the payment is paid in 13 fortnightly installments. The receivable amount in January 2012 was $5,437. The receivable amount in September 2012 is $5,000 in 13 fortnightly instalments (parents will receive a higher first instalment of $846.20 and 12 fortnightly instalments of $346.15), or if the baby died or was a stillborn, parents may ask for their Baby Bonus to be paid in a lump sum instead of fortnightly instalments.[5]

In the draft of the 2013 federal budget, the "baby bonus" would be slashed from $5,000.00 to $2056.45 as of 1 March 2014. The first newborn child will receive $2056.45, and for every subsequent child thereafter, a limited $1028.15 will be submitted.

Canada

A baby bonus was introduced in Canada following the Second World War. A family allowance scheme known as the "baby bonus" made regular monthly payments of $5 to $8 to all parents of children under 16.[6]

In 1988, the Quebec government introduced the Allowance for Newborn Children that paid up to $8,000 to a family after the birth of a child.[7]

Today, the Canada Child Tax Benefit (CCTB) is one of a number of child and family benefits offered by the government of Canada.[8]

Czech Republic

Currently there is a baby bonus of 13000 CZK (approx. 670 USD) for each first child born to mothers with low income. The mother must be a citizen or permanent resident of the Czech Republic.

Italy

Currently, there is a bonus of €960 (approx. $1,133) for every child born to household with income lower than €26,000 (approx. $30,700), and €1920 (approx. $2,266) for every child born to household with income lower than €7.000 (approx. $8,271).[9]

Lithuania

Currently, there is a bonus of €405 ($475) for every child in Lithuania.

Luxembourg

Luxembourg's baby bonus system is split into three stages, known as allocation prénatale (prenatal allowance), allocation de naissance (birth allowance) and allocation postnatale (postnatal allowance). The allowance is universal and is not means-tested.[10]

The total allowance amounts to €1,740.09, paid in three sums of €580.03 once each stage is complete.

The prenatal allowance can be claimed once a woman has undergone 5 obstetric examinations and 1 dental examination.

The birth allowance can be claimed once a woman has undergone a postnatal gynaecological examination. This way, a woman whose baby is stillborn or dies shortly after birth is still entitled to the first two parts of the baby bonus.

The postnatal allowance can be claimed once the child has turned 2 years old and has undergone 6 medical examinations with a paediatrician.

Poland

In April 2016, the PiS government, in response to low fertility rates in Poland, introduced the Family 500+ program. For every second child, parents receive 500PLN ($133) monthly until the child turns 18. For example, if a family has three children, they would receive 1000PLN every month until the oldest child turns 18, after which they would receive 500PLN.[11]

Russia

As of 2015, Russia offers 453,026 (USD 9,000) for second and every following child. Amount is indexed annually with inflation. This can only be spent on housing, education, healthcare, or a mother's pension.

Singapore

By having two children, a middle-income Singaporean household may receive various incentives which are equivalent to S$166,000 (USD 121,400).[12]:14 For third and subsequent child, the household will get an additional S$8,000 as Baby Bonus[13] and S$20,000 as Parenthood Tax Rebate.

Singapore’s Marriage and Parenthood Package
Type of Incentives (for first & second child) Benefits
Baby Bonus (Cash Gift) S$12,000
Baby Bonus (CDA co-savings) S$12,000
Parenthood Tax Rebate (PTR) S$15,000
Infant Care & Child Care Subsidies S$53,000
Maternity Leave per child (paid) 4 months of which 1 week can be shared by the father
Paternity Leave per child (paid) 1 week
Paid Child Care Leave per year per parent 6 days until both children turn 7 or 2 days when children ages 7–12.
Equivalent Amount (until both children turn 13) S$166,000

Baby Bonus Scheme

The Baby Bonus Scheme (formerly known as Child Development Co-Savings Scheme) was first introduced in Singapore on 1 April 2001, with enhancements made on 1 August 2004, August 2008 and 1 March 2012. The objective of this scheme is to improve on the country's fertility rate by providing cash incentives, with the hope of reducing the financial burden of raising children and thereby encouraging them to have more children. The scheme is consist of two components, Cash Gift and Children Development Account (CDA).[14]

Cash Gift

For Singapore Citizen children born on or after 26 August 2012, the maximum amount of cash gift from the government is S$8,000, which can be spent without any restriction. It is available to each of the first four children.[13]

Cash Gift Schedule
Birth Order At Birth 6-month (Child's Age) 12-month (Child's Age) Total
First and Second S$3,000 S$1,500 S$1,500 S$6,000
Third and Fourth S$4,000 S$2,000 S$2,000 S$8,000

Children Development Account (CDA)

The Singapore government contributes a dollar for a dollar matching the amount of savings that parents contribute to their child's savings in the Children Development Account (CDA). The amount is capped at S$6,000 each for the first and second child, and S$12,000 each for the third and fourth child, and S$18,000 each for the fifth and subsequent child. The savings in this account may be used by the child and his/her siblings at the approved institutions for Child Care Centre, Early Intervention Programmes, Healthcare Institutions, Kindergarten, Special Education Centre, Assistive Technology Device Provider, Optical Shop and Pharmacy. With effect from 1 January 2013, the CDA of a child will remain open until the end of the child's 12th year, instead of the current 6th year. To date, the birth rate of Singapore has gone up by 0.2%.[14]

Total Baby Bonus Benefits by Birth Order
Birth Order Cash Gift from Government Maximum Matching Government Contribution for Child Development Account (CDA) Total
First and Second S$6,000 S$6,000 Up to S$12,000
Third and Fourth S$8,000 S$12,000 Up to S$20,000
Fifth and beyond S$18,000 Up to S$18,000 for each child

Parenthood Tax Rebate (PTR)

Parents can claim the PTR of $5,000 for their 1st child, $10,000 for their second child, and $20,000 per child for all subsequent children. PTR can be used to offset the income tax payable. Any unutilized balance is automatically carried forward to offset the future income tax payable. Any credit balance remaining is not refundable. This rebate may be shared with the spouse.[15]

Parenthood Tax Rebate (PTR)
Birth Order Tax Rebate Amount
First S$5,000
Second S$10,000
Third and subsequent children S$20,000

See also

References

  1. ^ Day, D. (2008). Andrew Fisher: prime minister of Australia. HarperCollinsPublishers. p. 258. ISBN 978-0-7322-7610-2.
  2. ^ Day 2008, p. 258
  3. ^ PM - Federal Opposition says Government's baby bonus has flopped
  4. ^ The Baby Bonus: A Dubious Policy Initiative
  5. ^ http://www.humanservices.gov.au/customer/enablers/centrelink/baby-bonus/payment-rates
  6. ^ "'Baby Bonus' unveiled - CBC Archives". CBC News.
  7. ^ http://www.cdhowe.org/pdf/Milligan_Backgrounder.pdf
  8. ^ http://www.cra-arc.gc.ca/bnfts/menu-eng.html
  9. ^ https://www.guidafisco.it/inps-modulo-domanda-bonus-bebe-1195
  10. ^ "Maternity allowance". Retrieved 2018-10-30.
  11. ^ https://rodzina500plus.gov.pl/
  12. ^ "A Sustainable Population For A Dynamic Singapore" (PDF). Population White Paper. National Population and Talent Division (NPTD). Retrieved 4 February 2013.
  13. ^ a b "Baby Bonus Scheme FAQ". Ministry of Community Development, Youth and Sports. Archived from the original on 2012-09-02.
  14. ^ a b "Child Development Co-Savings (Baby Bonus) Scheme". Ministry of Community Development, Youth and Sports. Archived from the original on 2009-03-15.
  15. ^ "Parenthood Tax Rebate". Inland Revenue Authority of Singapore.

External links

Baby Bonus (TV series)

Baby Bonus (simplified Chinese: 添丁发财) is a Singaporean Chinese drama which was telecasted on Singapore's free-to-air channel, MediaCorp Channel 8. It stars Felicia Chin , Tay Ping Hui , Jesseca Liu & Darren Lim as the casts of the series. It made its debut on 30 September 2009 and ended on 30 October 2009. This drama serial consists of 23 episodes, and was screened on every weekday night at 9:00 pm.

Birth rate

The birth rate (technically, births/population rate) is the total number of live births per 1,000 in a population in a year or period. The rate of births in a population is calculated in several ways: live births from a universal registration system for births, deaths, and marriages; population counts from a census, and estimation through specialized demographic techniques. The birth rate (along with mortality and migration rate) are used to calculate population growth.

The crude birth rate is the number of live births per year per 1,000 mid-year population. Another term used interchangeably with birth rate is natality. When the crude death rate is subtracted from the crude birth rate, the result is the rate of natural increase (RNI). This is equal to the rate of population change (excluding migration).The total (crude) birth rate (which includes all births)—typically indicated as births per 1,000 population—is distinguished from an age-specific rate (the number of births per 1,000 persons in an age group). The first known use of the term "birth rate" in English occurred in 1859.

The average global birth rate is 18.5 births per 1,000 total population in 2016.

The death rate is 7.8 per 1,000 per year. The RNI is thus 1.06 percent.

In 2012 the average global birth rate was 19.611 according to the World Bank and 19.15 births per 1,000 total population according to the CIA, compared to 20.09 per 1,000 total population in 2007.The 2016 average of 18.6 births per 1,000 total population is estimated to be about 4.3 births/second or about 256 births/minute for the world.

History of Canada (1945–1960)

Prosperity returned to Canada during the Second World War. With continued Liberal governments, national policies increasingly turned to social welfare, including universal health care, old-age pensions, and veterans' pensions.

The financial crisis of the Great Depression after WW1, scoured by rampant corruption, had led Newfoundlanders to relinquish responsible government in 1934 and become a crown colony ruled by a British governor. Prosperity returned when the U.S. military arrived in 1941 with over 10,000 soldiers and huge investments in air and naval bases. Popular sentiment grew favourable toward the United States, alarming the Canadian government, which now wanted Newfoundland to enter into confederation instead of joining with the U.S. In 1948, the British government gave voters three Referendum choices: remaining a crown colony, returning to Dominion status (that is, independence), or joining Canada. Joining the U.S. was not made an option. After bitter debate Newfoundlanders voted to join Canada in 1949 as a province.

Singapore University of Social Sciences

The Singapore University of Social Sciences (Abbreviation: SUSS) is an autonomous university in Singapore. SUSS is a university of applied learning after the Singapore Institute of Technology. The university provides lifelong learning and applied degree proeammes primarily in the social sciences. In 2017, SUSS received its first class of 2,137 graduates.SUSS academia is organised into five schools, Institute for Adult Learning (IAL), College for Lifelong & Experiential Learning (CLEL), UC and five centres.The Chancellor of the university is Stephen Lee Ching Yen. The President of the university is Cheong Hee Kiat. The Provost of the university is Tsui Kai Chong.

The university is located at 463 Clementi Road (Clementi, Singapore). SUSS also uses external premises to conduct lessons.

SoftBank Group

SoftBank Group Corp. (ソフトバンクグループ株式会社, Sofutobanku Gurūpu Kabushiki-gaisha) is a Japanese multinational holding conglomerate headquartered in Tokyo, Japan. The company owns stakes in Softbank Corp., Softbank Vision Fund, Arm Holdings, Fortress Investment Group, Boston Dynamics, Sprint (ca.85%), Alibaba (29.5%), Yahoo Japan (48.17%), Brightstar (87.1%), Uber (15%), Didi Chuxing (ca.20%), Ola (ca.30%), Grab, Renren (42.9%), InMobi (45%), Hike (25.8%), Snapdeal (ca.30%), Brain, Fanatics (ca.22%), Guardant Health, Improbable Worlds (ca.50%), Mapbox, Nauto, One97 Communications (ca.20%), Oravel Stays (42%), OSIsoft, PingAn Heath Cloud (7.41%), Plenty United, Roivant Sciences, Slack Technologies (ca.5%), Vir Biotechnology, WeWork (ca.22%), Zhongan Online P&C Insurance (5%), Compass (ca.22%), Auto1 (ca.20%), Wag (45%), Katerra (ca.28%), Cruise Automation (ca.19.6%), Ele.me, Getaround, Packet and ParkJockey. It also runs Vision Fund, the world's largest technology fund.The company is known for its leadership by founder Masayoshi Son. It now owns operations in broadband; fixed-line telecommunications; e-commerce; internet; technology services; finance; media and marketing; semiconductor design; and other businesses.

SoftBank was ranked in the Forbes Global 2000 list as the 39th largest public company in the world, and the 4th largest publicly traded company in Japan after Toyota, MUFG, NTT.The logo of SoftBank is based on the Kaientai, a naval trading company that existed at the end of the Tokugawa shogunate, and is meant to represent a "21st century" version of their passion for the enterprise. Resembling an equals sign, it also represents how SoftBank "has an 'answer' it can provide for customers and help solve the various problems the world faces", as well as "interactive communication and the unlimited possibilities of the Internet".

Sustainable Population Australia

Sustainable Population Australia (SPA) (formerly Australians for an Ecologically Sustainable Population) is an Australian special advocacy group, founded in Canberra in 1988, that seeks to establish an ecologically sustainable human population. SPA claims that it is an "ecological group dedicated to preserving species' habitats globally and in Australia from the degradation caused by human population growth", and that it "works on many fronts to encourage informed public debate about how Australia and the world can achieve an ecologically sustainable population".

SPA argues that population growth exacerbates Australia's water shortage and adds to greenhouse gas emissions.

SPA also seeks to highlight what it claims are the negative economic effects of population growth, such as increased housing costs, lower wages and living standards, and opposes the current historically high level of immigration to Australia. Immigration to Australia has averaged around 200,000 per annum over the past decade. It is the highest rate of immigration in the world.SPA also opposes plans by the government to increase population growth with the baby bonus, a payout that encourages parents to have more children. SPA believes that the baby bonus, and the many other government "breeding incentives", should only be paid for the first child, halved for the second, and not paid at all for any more births than that.

Thuggin'

Thuggin' is the second studio album by American rapper, Magic. It was released on August 31, 1999, on No Limit Records and Priority Records. Thuggin' only found minor success compared to his previous album, peaking at number 25 on the Billboard 200 and number 8 on the Top R&B/Hip-Hop Albums, while selling 100,000 copies its first week.. By October 2002 the album had sold 513,000 units in the United States.

This page is based on a Wikipedia article written by authors (here).
Text is available under the CC BY-SA 3.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.