Why are CPF transfers not eligible for the matching grant under Matched Retirement Savings Scheme?
The Matched Retirement Savings Scheme is designed to encourage cash top-ups to senior Singapore Citizens with lower retirement savings to help them save more. Thus, only cash top-ups to eligible members will be matched.
Members making CPF transfers can still benefit from the higher interest rate in the Retirement Account.
This information is sourced from CPF
Related questions
What is the Matched Retirement Savings Scheme?
Why am I not eligible for the Matched Retirement Savings Scheme if my retirement savings are above the current Basic Retirement Sum?
Who can make cash top-ups to recipients who are eligible for Matched Retirement Savings Scheme?
How does the Matched Retirement Savings Scheme work?
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