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Why are CPF transfers not eligible for the matching grant under Matched Retirement Savings Scheme?
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Source: https://www.cpf.gov.sg/memberThe Matched Retirement Savings Scheme is designed to encourage cash top-ups to senior Singapore Citizens with lower retirement savings to help them save more. Thus, only cash top-ups to eligible members will be matched.
Members making CPF transfers can still benefit from the higher interest rate in the Retirement Account.
This information provided here is sourced from the CPF website.
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