Top-ups and matching grant from the Matched Retirement Savings Schemes are meant to boost your retirement savings and monthly payouts in retirement. In keeping with this purpose, such top-up and matching grant monies will form the retirement savings in your Retirement Account (which is created for you at age 55), and paid to you as higher monthly payouts in retirement from age 65. These top-up monies and matching grant cannot be withdrawn for other purposes (e.g. withdrawn in a lump sum, withdrawn from the Retirement Account using property, transferred to loved ones or other CPF schemes such as education investment, insurance).