What do I need to do to receive the matching grant under the Matched Retirement Savings Scheme?

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To receive the matching grant, simply ensure your one-time cash top-up via PayNow is submitted by 31 December or recurring cash top-up via GIRO is submitted by 31 October in the year of eligibility.

You can top up any amount using PayNow. For greater convenience, consider setting a GIRO arrangement to make small and regular top-ups. Top-ups can be made by anyone, including yourself or your loved ones.

If you make cash top-ups of…	You will receive a matching grant of…	Total increase to your RA savings…
$600 for the year	$600 for the year	$1,200
$2000 for the year	$2,000 for the year (Maximum)	$4,000

The matching grant will be credited to your Retirement or Special Account at the beginning of next year. Matching grant is subjected to a lifetime limit of $20,000. Top-ups that attract Matched Retirement Savings Scheme matching grant will not qualify for tax relief.

Learn more about the conditions to receive the grant.

What do I need to do to receive the matching grant under the Matched Retirement Savings Scheme?

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