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Matching grant for seniors who top up

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The Matched Retirement Savings Scheme has been enhanced from 2025

The annual matching grant has increased from $600 to $2,000, with a lifetime limit of $20,000. The age cap of 70 years old has been removed. These enhancements have almost doubled the number of eligible members, allowing them to boost their retirement savings faster. Learn more about the MRSS enhancements below.

  1. Eligibility
  2. Getting a grant
  3. Topping up
  4. Grant crediting
  5. More materials
  6. FAQs
Eligibility
  • Eligibility
  • Eligibility
  • Getting a grant
  • Topping up
  • Grant crediting
  • More materials
  • FAQs
Dollar-to-dollar matching grant
Dollar-for-dollar matching grant
  • Eligible seniors can receive a matching grant of up to $2,000* per year, with a lifetime limit of $20,000
  • Save more for your retirement with the matching grant and stable interest rates^ of up to 6% per annum on retirement savings
  • Boost your monthly payouts
  • Cash top-ups which attract the matching grant will not be eligible for tax relief. 

* From 2025, this has increased from $600 per year.

 

^Based on the current 4% interest rate floor on Retirement Account monies.

https://www.cpf.gov.sg/service/article/how-do-i-check-if-i-am-eligible-for-the-matched-retirement-savings-scheme false
Eligibility
Who is eligible?

Eligibility criteria

There is no need to apply for the Matched Retirement Savings Scheme (MRSS). Your eligibility is automatically assessed every year. You are eligible if you meet the criteria.

  • Singapore Citizen only
  • Age 55^ and above as of 31st December of the assessment year
  • Retirement Account savings* are less than $106,500 (current Basic Retirement Sum for 2025)
  • Average monthly income is not more than $4,000
  • Annual value of residence is not more than $21,000
  • Own no more than one property

The CPF Board will notify you at the beginning of each year if you qualify. Check eligibility.

 

^From 2025, the age cap of 70 years old has been removed. 

 

*Retirement Account savings refer to the cash set aside in the RA (excluding amounts such as interest earned, any governments grants received), plus retirement withdrawals.

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Getting a grant
How do I receive the matching grant?

If you are eligible for MRSS and have received cash top-ups in your Retirement Account by 31st December of the year, you will receive the matching grant*. Cash top-ups which attract the matching grant of up to $2,000 a year will not be eligible for tax relief. 

 

*You must still be a Singapore Citizen only when the matching grant is credited to you.

Who can make a cash top-up?

Anyone such as yourself, your loved ones, employers^ or members of the community, can make the cash top-ups. 

 

^We may share your MRSS eligibility status with your employer / platform operator who wish to make goodwill top-ups to your retirement savings to enable you to receive the MRSS matching grant from the Government. The information shared is limited to Yes/No on MRSS eligibility status. If you do not wish for CPFB to disclose your eligibility status to your employer/ platform operator, you can complete this form to opt out.

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How much do I have to top up?

You can top up any amount. You can choose to make a one-time top-up or regular small top-ups whenever you can. 

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For example: 

  • Topping up $50 every month for the year qualifies you for a $600 matching grant in the following year.
  • Topping up $168 every month for the year qualifies you for the maximum $2,000 matching grant in the following year.
Topping up
How to make cash top-ups?

Cash top-ups can be made conveniently via the following methods.

One-time cash top-up

Make a single cash top-up to your retirement savings.

https://www.cpf.gov.sg/member/tools-and-services/forms-e-applications/cash-top-ups-and-cpf-transfers-for-retirement false
Make single cash top-up

Read guides on cash top-ups

Recurring cash top-ups

Recurring cash top-ups require a GIRO arrangement. 

 

For first-time GIRO applicants, complete both steps. If you wish to change an existing recurring arrangement, go to Step 2. 

https://www.cpf.gov.sg/member/tools-and-services/forms-e-applications/set-up-giro-for-cash-top-ups-for-retirement false
1. Set up GIRO arrangement 2. Set up recurring top-ups

Download guide (PDF, 1.4 MB)

Grant crediting
Matching grant information

The matching grant will be automatically credited into your Retirement Account at the beginning of the following year and you will be notified. You can also check your matching grant information via your Retirement dashboard. The matching grant will boost your monthly payout.

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More materials
Video and infographics

Check out video and infographics (available in four languages) on how eligible senior Singapore Citizens can benefit from the Matched Retirement Savings Scheme.

Video is also available in Chinese, Malay and Tamil.

MRSS Infographic (English)

 

Infographics in English (PDF, 0.7MB) , Chinese (PDF, 0.8MB), Malay (PDF, 0.7MB), Tamil (PDF, 0.8MB).

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