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What are the benefits of the Matched Retirement Savings Scheme?

Updated by CPF
Under the Matched Retirement Savings Scheme, you will enjoy:
  • Dollar-for-dollar matching grant for cash top-ups received, up to $2,000 per year and $20,000 in your lifetime
  • Stable interest rates up to 6% per annum on your cash top-ups
  • Cash top-ups and the matching grant will allow you to enjoy higher monthly payouts* in retirement
Your cash top-up made monthly for the year (12 months)Matching grant from the Government (next year)Increase in your retirement savings
$50 / month$600 / year$1,200
$88 / month$1,056 / year$2,112
$168 / month$2,000 (Maximum) / year$4,016
*If you are on CPF LIFE, the top-up and the matching grant will be used for your CPF LIFE premium in order to increase your monthly payouts.

This information is sourced from CPF.

Topics:

Growing Your SavingsMatched Retirement Savings Scheme

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