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What is the Matched Retirement Savings Scheme?
The Matched Retirement Savings Scheme aims to help Singapore Citizens with disabilities and senior Singapore Citizens with lower retirement savings save more and boost their retirement payouts. Eligible members will receive a matching grant for every dollar of cash top-ups received in their Retirement or Special Account, up to $2,000 per year. Matching grant is capped at $20,000 over an eligible members’s lifetime.
This information is sourced from CPF.
Related questions
Why is there an annual cap of $2,000 of matching grant. Would the Government consider allowing eligible members to top up $20,000 at once and receive the lifetime matching grant of $20,000?
Why am I not eligible for the Matched Retirement Savings Scheme if my retirement savings are above the current Basic Retirement Sum?
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Why are CPF transfers not eligible for the matching grant under Matched Retirement Savings Scheme?
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Why am I not eligible for the Matched Retirement Savings Scheme if my monthly income is above $4,000?
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