To receive the matching grant, simply make your cash top up by 31 Dec of 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.

 

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

 

The matching grant will be credited to your Retirement Account in 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.