I received Matched Retirement Savings Scheme matching grants in the past, before the $20,000 lifetime cap took effect in 2025. Will the past matching grants count towards this $20,000 lifetime cap?

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Accepted Answer

The lifetime cap will only be applied from 2025 onwards. Matching grants received in the past for cash top-ups made prior to 2025, will not count towards the $20,000 lifetime cap.

I received Matched Retirement Savings Scheme matching grants in the past, before the $20,000 lifetime cap took effect in 2025. Will the past matching grants count towards this $20,000 lifetime cap?

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Related questions

Will I still receive the full matching grant of $2,000 if my retirement savings exceed the current Basic Retirement Sum after topping up?

Why is there a lifetime cap of $20,000 to the matching grant when the Matched Retirement Savings Scheme is enhanced from 2025?

Why is there an annual cap of $2,000 of matching grant. Would the Government consider allowing eligible members to top up $20,000 at once and receive the lifetime matching grant of $20,000?

I am a person with disability aged 55 and above and had received Matched Retirement Savings Scheme matching grants before its expansion to include persons with disabilities of all ages. Will my past grants count towards the $20,000 lifetime limit?

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