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Why am I not eligible for the Matched Retirement Savings Scheme if my monthly income is above $4,000?
The Matched Retirement Savings Scheme is designed to help senior Singapore Citizens with lower retirement savings save more and boost their retirement payouts. The average monthly income of $4,000 will cover most senior workers. If your average monthly income is above $4,000, you will not be eligible for the scheme as it is intended to provide additional support to those who need it the most.
This information is sourced from CPF.
Related questions
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?
Why am I not eligible for the Matched Retirement Savings Scheme if my retirement savings are above the current Basic Retirement Sum?
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Why am I not eligible for the Matched Retirement Savings Scheme if I am below 55 years old?
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What is the Matched Retirement Savings Scheme?
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