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How will the increase in the annual matching grant from $600 to $2,000 per year from 2025 help seniors better meet their retirement needs?
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Source: https://www.cpf.gov.sg/memberEligible seniors can top up more to their CPF retirement savings and receive the higher matching grant amount. Correspondingly, they will also receive higher monthly CPF payouts. For instance, a senior aged 55 in 2025 who makes a cash top-up of $2,000 per year over the next 10 years will see an increase in CPF retirement savings of at least $48,000 (inclusive of matching grants and CPF interest) in 2035, which translates to about a $260 increase in monthly CPF payouts*.
*Estimation for a male member that starts payout at age 65 on the CPF LIFE Standard Plan.
This information provided here is sourced from the CPF website.
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