CPF’s Matched Retirement Savings Scheme matching grants hit record S$456 million in 2025
From Jan 1, the expanded MRSS includes eligible Singaporeans with disabilities of all ages
[SINGAPORE] The amount of Central Provident Fund (CPF) matching grants disbursed for top-ups under the Matched Retirement Savings Scheme (MRSS) hit a record high in 2025.
A total of S$456 million in matching grants was credited to the CPF retirement accounts of more than 250,000 members for cash top-ups received in 2025, said the CPF Board, the Ministry of Health (MOH) and the Ministry of Manpower (MOM) in a joint statement on Monday (Jan 26).
This marked a “significant increase” compared with the S$61 million credited to 103,000 members in 2024, and follows enhancements to the scheme in 2025 – which removed the age cap of 70 and increased the matching grant amount to S$2,000 a year with a lifetime cap of S$20,000.
In 2026, more Singaporeans will also be eligible for matching government grants to boost their retirement and healthcare savings, the authorities said.
This comes with the launch of the new Matched MediSave Scheme (MMSS) and the expansion of the MRSS, both of which, together, aim to help seniors with lower CPF balances save more for their retirement and healthcare needs.
From Jan 1, 2026, the MRSS has been expanded to include eligible Singaporeans with disabilities of all ages – who will now be able to receive a dollar-for-dollar matching grant of up to S$2,000 per year, with a lifetime cap of S$20,000 on cash top-ups received in their retirement accounts or special accounts.
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“The expansion will help younger Singaporeans with disabilities build up their retirement savings earlier through cash top-ups to the special account,” the CPF Board, MOH and MOM said.
Under the newly introduced MMSS, which was launched on Jan 1 as a five-year pilot that will run until 2030, the government will match every dollar of cash top-up made to the MediSave Account (MA) of eligible Singapore citizens, for up to S$1,000 per year.
Singapore citizens from the ages of 55 to 70 who have MA savings that are less than half of the current basic healthcare sum of the year – less than S$39,500 for 2026 – qualify for the scheme.
Top-ups that receive the government matching grants under the MMSS will not qualify for personal income tax relief, the authorities said.
In 2026, some 750,000 Singaporeans are eligible for the expanded MRSS and around 185,000 are eligible for the MMSS. Around 165,000 are eligible for both schemes and qualify for up to S$3,000 of total matching grants for top-ups made this year.
To be eligible for either or both schemes, Singapore citizens must meet the criteria of not owning more than one property, residing in a property with an annual value of S$21,000 and below, and having an average monthly income not exceeding S$4,000.
Introduced in 2021, the MRSS provides government matching grants for cash top-ups made to the retirement accounts of eligible senior Singapore citizens aged 55 and above whose retirement account savings fall under the current basic retirement sum for the year.
For 2026, this refers to those with savings of less than S$110,200 in their retirement or ordinary and special account. Singaporeans with disabilities under the age of 55, whose ordinary and special account savings fall under the basic retirement sum, also qualify for the MRSS under the expansion.
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