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I missed the deadline to top up for the Matched Retirement Savings Scheme grant last year. Can I make a top-up this year for last year's grant?


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Updated by CPF
No, to qualify for the Matched Retirement Savings Scheme (MRSS) grant, the cash top-up must be made by 31 December 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.
 
*Based on the current 4% interest rate floor on Special and Retirement Account monies.

This information is sourced from CPF


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