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Why is tax relief removed for cash top-ups that attract matching grant under the Matched Retirement Savings Scheme from 2025?

The matching grant is already a significant benefit extended by the Government.

Givers may continue to enjoy tax relief of up to $16,000 a year for cash top-ups that do not attract the MRSS matching grant, if they meet the criteria under the Retirement Sum Topping-Up Scheme (e.g., if the recipient has not met the current Full Retirement Sum).

Learn more on how the matching grant and tax relief are determined

Find out more on the conditions to qualify for tax relief