What conditions must I meet in order to receive and retain the matching grant?
To receive and keep the matching grant, you must:
- be eligible for the Matched Retirement Savings Scheme for the year;
- have received cash top-ups during the year; and
- still be a Singapore Citizen when the matching grant is credited to your Retirement Account (RA).
Do note that cash top-ups are irreversible. Read more about the irreversibility condition.
In an unlikely event where the cash top-up is reversed and you have already received the matching grant, the grant and any interest earned on it will be recovered from your CPF account.