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MORE SINGAPOREANS ELIGIBLE FOR MATCHING GOVERNMENT GRANTS FOR CASH TOP-UPS TO BOOST RETIREMENT AND HEALTHCARE SAVINGS
26 January 2026
The Matched Retirement Savings Scheme (MRSS) and Matched MediSave Scheme (MMSS) help eligible Singaporeans boost their retirement and healthcare savings through matching contributions from the Government for cash topped up to their Retirement or MediSave Accounts. In 2026, around 750,000 Singaporeans are eligible for the expanded MRSS, and around 185,000 are eligible for the MMSS. Around 165,000 members are eligible for both schemes and would qualify for up to $3,000 of total matching grants for top-ups made this year.
Record high of $456 million in matching grants disbursed for MRSS top-ups made in 2025
2. Introduced in 2021, the MRSS provides Government matching grants for cash top-ups made to the Retirement Account (RA) for eligible senior Singapore Citizens with lower retirement savings. The MRSS was enhanced in 2025 with the removal of the age cap of 70 and increase in the matching grant to $2,000 per year, with a cap at $20,000 over an eligible member’s lifetime. With these enhancements, a total of $456 million in matching grants was credited to the RAs of more than 250,000 members for cash top-ups received in 2025, a significant increase compared to the $61 million credited to 103,000 members in 2024.
3. From 1 January 2026, the MRSS has been expanded to include eligible Singaporeans with disabilities of all ages (see Table 1 in Annex). The expansion will help younger Singaporeans with disabilities build up their retirement savings earlier through cash top-ups to the Special Account (SA). Eligible Singaporeans with disabilities can likewise receive a dollar-for-dollar matching grant of up to $2,000 per year, with a lifetime matching limit of $20,000 on cash top-ups received in their RA or SA.
MMSS launched on 1 January 2026 as a five- year pilot
4. Under the MMSS, the Government will match every dollar of cash top-up made to the MediSave Account (MA) of eligible Singapore Citizens up to $1,000 per year (see Table 2 in Annex). Top-ups that receive the Government matching grants will not qualify for personal income tax relief. A guide on how to make cash top-ups to the MA can be found on the CPF website (https://cpf.gov.sg/topupMMSS). The MMSS, which was announced at Budget 2025 and implemented on 1 January 2026, will run as a pilot for five years from 2026 to 2030.
Supporting our seniors’ needs
5. The MRSS and MMSS work together to help seniors with lower CPF balances save more for their retirement and healthcare needs. The key features of MRSS and MMSS are summarised in Table A.
Table A: Key features of MRSS and MMSS
| MRSS | MMSS [New]
|
Objective | Boost retirement savings for seniors with lower CPF balances and Singaporeans with disabilities | Boost healthcare savings for seniors with lower CPF balances |
Year of commencement | 2021 | 2026 |
Who benefits | · Singapore Citizens aged 55 and above with RA savings less than prevailing Basic Retirement Sum (BRS) of that year · In 2026, those with Ordinary and Special Account (OSA) savings less than $110,200 · [New] Singaporeans with disabilities below age 55 with OSA savings less than the prevailing BRS | · Singapore Citizens aged 55 to 70 (inclusive), with MA savings less than half of the prevailing Basic Healthcare Sum (BHS) · In 2026, those with MA savings less than $39,500 will qualify. |
Eligibility criteria | · Does not own more than one property · Reside in property with Annual Value (AV) of $21,000 or below · Have an average monthly income not exceeding $4,000 | |
Matching grant | Up to $2,000/year, subject to a lifetime limit of $20,000 | Up to $1,000/year |
Tax relief | · Cash top-ups that qualify for the matching grants will not qualify for personal income tax relief. · Cash top-ups that do not attract the matching grants may qualify for personal tax relief of up to $16,000 a year. | |
Crediting account | RA or SA | MA |
Who can top up
| Yourself, your loved ones, employers or members of the community including caregivers. | |
6. Members can benefit from both schemes if they meet the respective eligibility criteria. Individuals and families with limited funds available for CPF top-ups and are eligible for both MMSS and MRSS can consider which scheme better meets their needs or choose to top up both RA and MA to benefit from both schemes. Those who want to increase their retirement income may consider topping up their RA to benefit from MRSS. Those who anticipate higher healthcare spending given their health circumstances may prefer to top up their MA to benefit from MMSS.
Eligibility will be assessed automatically, and eligible members will be notified
7. The Ministry of Health (MOH), Ministry of Manpower (MOM) and the CPF Board will be notifying eligible CPF members from end-January 2026 via email or letters. The matching grants will be credited automatically to the RA or MA at the beginning of 2027 for eligible members who have received cash top-ups by 31 December 2026.
8. Members can find out more about both schemes at cpf.gov.sg/MatchingGrants. They can also check their eligibility via CPF Board’s Retirement Dashboard at cpf.gov.sg/retirement (for MRSS) or CPF Board’s Healthcare Dashboard at cpf.gov.sg/HealthcareDashboard (for MMSS).
Annex
Table 1: Worked Examples of How Members can Benefit from MRSS
Cash top-ups to eligible member’s RA/SA | Matching grant from the Government (following year) | Total increase in RA/SA savings |
$50 per month, totalling $600 a year | $600 | $1,200 ($600 + $600) |
$88 per month, totalling $1,056 a year | $1,056 | $2,112 ($1,056 + $1,056) |
$168 per month, totalling $2,016 a year | Capped at $2,000 | $4,016 ($2,016 + $2,000) |
Table 2: Worked Examples of How Members can Benefit from MMSS
Cash top-ups to eligible member’s MA | Matching grant from the Government (following year) | Total increase in MA savings |
$50 per month, totalling $600 a year | $600 | $1,200 ($600 + $600) |
$88 per month, totalling $1,056 a year | Capped at $1,000 | $2,056 ($1,056 + $1,000) |