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Why are CPF transfers not eligible for the matching grant under Matched Retirement Savings Scheme?

Updated by CPF
The Matched Retirement Savings Scheme is designed to encourage cash top-ups to 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 their Retirement or Special Account.

This information is sourced from CPF.

Topics:

Growing Your SavingsMatched Retirement Savings Scheme

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