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I am eligible for both the Matched Retirement Savings Scheme and Matched MediSave Scheme. Can I participate in both schemes to receive the maximum Government grants?
Yes, if you are eligible for both schemes, you can top up in cash to your Retirement / Special Account to qualify for the matching grant under the Matched Retirement Savings Scheme (MRSS) of up to $2,000 per year, as well as to your MediSave Account to qualify for the matching grant under the Matched MediSave Scheme (MMSS) of up to $1,000 per year. You can top up to these accounts, anytime throughout the year.
This information is sourced from CPF.
Related questions
How does the Matched MediSave Scheme work?
I am eligible for both the Matched Retirement Savings Scheme and Matched MediSave Scheme but I have limited funds. Should I top up the Retirement / Special Account or MediSave Account?
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Can I transfer my cash top-up to MediSave Account for Matched MediSave Scheme to be used for Matched Retirement Savings Scheme instead?
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Will I still receive the matching grant under the Matched MediSave Scheme if my healthcare savings exceed 50% of the current Basic Healthcare Sum after topping up?
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