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?

Question

Accepted Answer

Matching grants received for cash top-ups made prior to 2025 will not count towards the $20,000 lifetime limit. Matching grants received for cash top-ups made in 2025 or after will count towards the same $20,000 lifetime limit. This aligns with the intent of Matched Retirement Savings Scheme (MRSS) to help those with lower retirement savings save more and boost their retirement payouts, which remains relevant regardless of whether these members have benefited from MRSS in the past.

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?

Topics:

Related questions

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?

I am a caregiver. What do I need to know about the Matched Retirement Savings Scheme (MRSS) for persons with disabilities?

I have just been verified as a person with disability. As my medical condition existed way earlier, do I also qualify for the Matched Retirement Savings Scheme (MRSS) for my cash top-ups made in previous years?

For persons with disabilities below age 55, where will the Matched Retirement Savings Scheme (MRSS) grant be credited?

Need more help?