Who is eligible for the Matched Retirement Savings Scheme?
You will be eligible for the Matched Retirement Savings Scheme (MRSS) for the year if you are a Singapore Citizen only and meet the following criteria.
|
Age |
55 or above as of 31st December of the year |
|
Retirement Account (RA) Savings*# | Less than $106,500^. |
|
Average Monthly Income# |
Not more than $4,000. This covers majority of senior workers. |
|
Annual Value of Residence# | Not more than $21,000. |
|
Property Ownership# |
Own not more than one property. |
* RA savings refer to the cash set aside in the RA (excluding amounts such as interest earned, any governments grants received), plus retirement withdrawals. If you are turning 55 in the assessment year and your RA has not been created at the time we assess your eligibility, your total Special Account and Ordinary Account savings will be used for the eligibility assessment instead.
^ Basic Retirement Sum for 2025.
# We assess the eligibility based on the previous year's data because these are the latest data available.
This information is sourced from CPF
Related questions
Why am I not eligible for the Matched Retirement Savings Scheme if my monthly income is above $4,000?
Why am I not eligible for the Matched Retirement Savings Scheme if I am below 55 years old?
When will my eligibility for the Matched Retirement Savings Scheme be assessed and do I need to apply?
What are the eligibility criteria of the Matched Retirement Savings Scheme (MRSS) from 1 January 2026 when the scheme is expanded to Singaporeans with disabilities?
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