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Matched Retirement Savings

If you are 55 to 70 with modest savings, the government will match every dollar you top up to your CPF Retirement Account, up to an annual cap, under the Matched Retirement Savings Scheme. That is a rare dollar-for-dollar return, but only if you put the cash in before the year closes. This shows how much match room you have left, once the income, home value, and property conditions are checked.

S$1,800.00

This is the government match still available to you this year. Topping up another S$1,800.00 in voluntary cash would earn that same amount as a matching grant into your Retirement Account. You have already claimed S$200.00 of this year's S$2,000.00 cap.

The scheme is open to Singapore citizens aged 55 to 70.

years

Your current CPF Retirement Account savings. Only members below the Basic Retirement Sum qualify.

S$

Your income for the year as assessed for tax. Must be at or below S$4,000.00.

S$

The Annual Value of the home you live in, from your property tax. Must be at or below S$21,000.00.

S$

You must own no more than one property to qualify.

owned

Voluntary cash you have already added to your Retirement Account this calendar year.

S$

Your match this year

Annual government match capS$2,000.00
Match already claimedS$200.00
Match still availableS$1,800.00
Basic Retirement Sum targetS$110,200.00
Gap from your Retirement Account to the Basic Retirement SumS$50,200.00
Suggested top-up to claim the full matchS$1,800.00

Sources

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These calculators are free educational tools. They do not require a login and they do not constitute financial advice or a recommendation. Results are illustrative projections based on the inputs you provide and on current MAS, CPF Board, and IRAS parameters, which are reviewed periodically. ConSol generates educational financial roadmaps; all recommendations require review by our licensed advisory team. Vasper Financial operates as an objective advisory, not tied to any single insurer or institution.