No, to qualify for the Matched Retirement Savings Scheme (MRSS) grant, the PayNow cash top-up must be made by 31 December or the cash top-up via GIRO must be submitted by 31 October in the year of eligibility. This is stated in the eligibility notification sent at the beginning of the year of eligibility, and on the website.

 

You can still make a top-up to earn interest rates* of up to 6% per annum and boost your monthly payouts. You can also enjoy tax relief of up to $16,000 for cash top-ups made to yourself and your loved ones in each calendar year. Please note that cash top-ups which attract MRSS grant will not qualify for tax relief.