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).