More Singaporeans will enjoy retirement savings and higher medisave savings starting from Jan. 1 this year.
From this year onwards, the Matched Retirement Savings Scheme (MRSS) has been “expanded to include eligible Singaporeans with disabilities of all ages,” in a statement released jointly by the Ministry of Health (MOH), the Ministry of Manpower (MOM) and the Central Provident Fund Board (CPF) on Monday (Jan. 26).
Under the newly launched Matched MediSave Scheme (MMSS) on Jan 1, “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,” the statement added.
Previously, only Singapore citizens aged 55 and above could qualify for the MRSS.
Now, the MRSS is expanded to include younger Singaporeans with disabilities below the age of 55 to help them build up their retirement savings. They can 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 Retirement Account (RA) or Special Account (SA).
In 2026, the savings in the Ordinary Account (OA), SA and RA must be less than $110,200 to qualify for the MRSS.
The existing criteria for the MRSS still apply. For Singapore citizens above 55 years of age, their RA savings must be less than the current Basic Retirement Sum (BRS).
The MMSS is a five-year pilot scheme from 2026 to 2030 extended to Singapore Citizens aged 55 to 70 (inclusive. However, their MA savings must not exceed half of the current Basic Healthcare Sum (BHS) of that year.
In 2026, those with MA savings less than $39,500 will qualify.
According to the statement, only those who do not own more than one property, reside in property with Annual Value (AV) of $21,000 or below, and have an average monthly income not exceeding $4,000 will be eligible for both schemes.
“Cash top-ups that qualify for the matching grants will not qualify for personal income tax relief.”
It also stated that cash top-ups that do not attract the matching grants may qualify for personal tax relief of up to $16,000 a year.
Around 750,000 Singaporeans are eligible for the expanded MRSS, up from 250,000.
“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,” the statement said.
Those who qualify will be notified from end-January 2026 via email or letters.
Eligible persons will receive cash top-ups by the end of this year and the matching grants will be credited to the respective accounts at the beginning of 2027.
Members can find out more about both schemes at cpf.gov.sg/MatchingGrants. Eligibility for the schemes can be checked via www.cpf.gov.sg/retirement (for MRSS) and www.cpf.gov.sg/HealthcareDashboard (for MMSS).
