CPFB | Matching grant for seniors who top up

GROWING YOUR SAVINGS

Receive a matching grant with the Matched Retirement Savings Scheme

The Matched Retirement Savings Scheme (MRSS) helps senior Singapore Citizens with lower retirement savings to save more for their retirement by matching cash top-ups made to their Retirement Account.

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.

Eligibility
Getting a grant
Topping up
Grant crediting
More materials
FAQs

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.

Check eligibility

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.

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.

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.

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.

Make single cash top-up

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.

1. Set up GIRO arrangement 2. Set up recurring top-ups

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.

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.

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

FAQs

Common questions

Who is eligible for the Matched Retirement Savings Scheme?

From 2025, how are the matching grants and tax relief determined for my cash top-ups made to a senior eligible for the Matched Retirement Savings Scheme?

How do I make a cash top-up to receive the matching grant under Matched Retirement Savings Scheme?

View all

Articles

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18 Feb 2025 • 5 minute read

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How lifelong learning and retirement go hand in hand

Worried about memory loss and the risks of cognitive decline as you age? Discover how lifelong learning can help you age actively!

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Eligibility criteria

Matched Retirement Savings Scheme (MRSS) – what you need to know

How lifelong learning and retirement go hand in hand

Topping up CPF savings for your loved ones to secure their future

Matched Retirement Savings Scheme (MRSS) – what you need to know

How lifelong learning and retirement go hand in hand

Topping up CPF savings for your loved ones to secure their future