Central Provident Fund (CPF)
Matched Retirement Savings Scheme
CPF matches retirement savings for eligible Singaporeans.
Overview
Matched Retirement Savings Scheme (MRSS)
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Provides eligible Singaporean seniors with a dollar-for-dollar matching grant for cash top-ups to their CPF Retirement Account (RA) or Special Account (SA).
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From 2026, Singaporeans with disabilities below age 55 will also be eligible.
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Receive up to $2,000 per year, with a lifetime limit of $20,000.
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Eligibility is automatically assessed annually.
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Matching grant is credited at the start of the following year.
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Cash top-ups can be made by:
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The individual
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Loved ones
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Employers
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Community members
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Top-ups can be one-time or recurring via GIRO.
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Helps boost retirement savings for eligible individuals.
Scheme type
Who qualifies
Eligibility groups
What you receive
Eligibility details
Eligibility is automatically assessed each year. Criteria: Singapore Citizen, age 55 and above as of 31 December of the assessment year (from 2026, also Singaporeans with disabilities below age 55), Retirement Account savings less than $106,500 (Basic Retirement Sum for 2025), average monthly income not more than $4,000, annual value of residence not more than $21,000. Must be a Singapore Citizen when the matching grant is credited. From 2025, no age cap (previously 70).
How to apply
No application needed; eligibility is automatically assessed. If eligible, make cash top-ups to your Retirement Account by 31 December via one-time payment or recurring GIRO arrangement. The matching grant is credited automatically at the start of the following year. Cash top-ups can be made by yourself, loved ones, employers, or community members. For recurring GIRO, set up via CPF website forms.
Agency details
Important Information
Scheme details may change. Check the official agency website for the latest eligibility, benefits, and application information.
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