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Close to 1mn Singaporeans will qualify for government matching grants in 2026, as enhancements to CPF top-up schemes aim to strengthen retirement adequacy and healthcare preparedness.
More Singaporeans will benefit from government matching grants in 2026, as the Matched Retirement Savings Scheme (MRSS) is expanded and the new Matched MediSave Scheme (MMSS) is rolled out.
Together, the two schemes will support eligible Singaporeans who make cash top-ups to their CPF Retirement Account (RA), Special Account (SA), or MediSave Account (MA). In 2026, around 750,000 Singaporeans are eligible for the expanded MRSS, while approximately 185,000 qualify for the MMSS. About 165,000 CPF members are eligible for both schemes and could receive up to S$3,000 in total matching grants for top-ups made this year.
Record matching grants disbursed under MRSS in 2025
Introduced in 2021, the MRSS provides government matching grants for cash top-ups made to the RA of eligible senior Singapore citizens with lower retirement savings.
The scheme was enhanced in 2025 with the removal of the age cap of 70, as well as an increase in the matching grant to S$2,000 per year, capped at S$20,000 over a member’s lifetime.
Following these enhancements, a record S$456mn in matching grants was credited to the RAs of more than 250,000 members for cash top-ups made in 2025. This represented a significant increase from S$61mn credited to 103,000 members in 2024.
MRSS expanded to include Singaporeans with disabilities
From 1 January 2026, the MRSS has been expanded to include eligible Singaporeans with disabilities of all ages.
The expansion allows younger Singaporeans with disabilities to build their retirement savings earlier through cash top-ups to their SA. Eligible members can receive a dollar-for-dollar matching grant of up to S$2,000 per year, with a lifetime matching limit of S$20,000 across top-ups made to their RA or SA.
MMSS launched as a five-year pilot
The MMSS was launched on 1 January 2026 as a five-year pilot, running from 2026 to 2030.
Under the scheme, the Government will match every dollar of cash top-up made to the MA of eligible Singapore citizens, up to $1,000 per year. Cash top-ups that receive matching grants under the MMSS will not qualify for personal income tax relief.
Announced at Budget 2025, it aims to help eligible individuals strengthen their MA balances to better meet future healthcare needs.
Supporting retirement and healthcare needs
The MRSS and MMSS work together with an aim to help seniors with lower CPF balances save more for both retirement and healthcare expenses.
Eligible members can benefit from both schemes if they meet the respective criteria. Additionally, individuals and families with limited funds available for CPF top-ups may choose to prioritise the scheme that best meets their needs.
Those seeking to increase retirement income may consider topping up their RA under the MRSS, while those anticipating higher healthcare spending may prefer to top up their MA under the MMSS. Members may also choose to top up both accounts to benefit from both schemes.
| Schemes | 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 introduced | 2021 | 2026 |
| Who may qualify | Singapore Citizens aged 55 and above with RA savings below the Basic Retirement Sum (BRS) for the year. From 2026: - Members with retirement/ordinary and special account savings below S$110,200. - Singaporeans with disabilities below age 55 with OA and SA savings below the BRS. | Singapore Citizens aged 55 to 70 (inclusive) with MA savings below half the Basic Healthcare Sum (BHS) for the year In 2026: - Members with MA savings below S$39,500. |
| Other eligibility criteria | - Own no more than one property. - Live in a property with annual value of $21,000 or below. - Average monthly income not exceeding S$4,000. | - Own no more than one property. - Live in a property with annual value of S$21,000 or below. - Average monthly income not exceeding S$4,000. |
| Matching grant | Dollar-for-dollar matching of up to S$2,000 per year, capped at S$20,000 over a lifetime. | Dollar-for-dollar matching of up to S$1,000 per year. |
| Tax relief | - Top-ups that receive matching grants do not qualify for personal income tax relief. - Top-ups without matching grants may qualify for tax relief of up to S$16,000 per year. | - Top-ups that receive matching grants do not qualify for personal income tax relief. - Top-ups without matching grants may qualify for tax relief of up to S$16,000 per year. |
| Account credited | RA or SA | MA |
| Who can make top-ups | The member, family members, employers, or community members including caregivers. | The member, family members, employers, or community members including caregivers. |
Automatic eligibility assessment and notifications
Eligibility for both schemes will be assessed automatically. The Ministry of Manpower (MOM), Ministry of Health (MOH), and the CPF Board will notify eligible CPF members from end-January 2026 via email or letter.
For members who make eligible cash top-ups by 31 December 2026, the matching grants will be credited automatically to their RA or MA at the beginning of 2027.
More information on both schemes is available on the CPF website, where members can also check their eligibility through the Retirement Dashboard and Healthcare Dashboard.
Lead image / CPF Board Facebook
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