What are the benefits of the Matched Retirement Savings Scheme?
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
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Your cash top-up made monthly for the year (12 months)
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Matching grant from the Government (next year)
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Increase in your retirement savings
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$50 / month
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$600 / year
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$1,200
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$88 / month
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$1,056 / year
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$2,112
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$168 / month |
$2,000 (Maximum) / year |
$4,016 |
*Based on the current 4% interest rate floor on Retirement Account monies.
This information is sourced from CPF
Related questions
What do I need to do to receive the matching grant under the Matched Retirement Savings Scheme?
Will I still receive the full matching grant of $2,000 if my retirement savings exceed the current Basic Retirement Sum after topping up?
What is the Matched Retirement Savings Scheme?
Who can make cash top-ups to recipients who are eligible for Matched Retirement Savings Scheme?
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