In July 2025, the CPF Board reaffirmed its commitment to helping lower-income seniors save for retirement with the continuation of the CPF Matched Retirement Savings Scheme 2025. Under this scheme, eligible Singaporeans will receive a dollar-for-dollar match from the government, capped at $600 annually. This initiative has proven effective in bridging retirement gaps and is poised to benefit even more seniors this year.
Who Qualifies for the CPF Matched Retirement Savings Scheme 2025?
Eligibility for the scheme remains focused on supporting seniors with smaller retirement savings. To qualify in 2025, individuals must:
- Be aged 55 to 70 (as of July 1, 2025)
- Be a Singapore Citizen
- Have less than the current Basic Retirement Sum (BRS) in their CPF Retirement Account (RA)
- Earn $4,000 or less per month
- Own less than two properties
The CPF Board uses these criteria to ensure the payout supports those genuinely in need of a savings boost. Eligible members who make a cash top-up to their own or their loved ones’ RA can receive the matched amount—up to $600—from the government.
How the CPF Matched Payout Works
The matched payout is automatically credited to the CPF Retirement Account after the member makes a voluntary top-up. The government will match the top-up on a one-to-one basis, up to the annual cap of $600. Here’s a quick breakdown:
| Action | Government Match | Annual Cap |
|---|---|---|
| $100 top-up | $100 matched payout | |
| $600 top-up | $600 matched payout | |
| Above $600 top-up | $600 matched payout | $600 maximum |
These matched funds are invested and compounded in the RA, allowing seniors to enjoy higher long-term returns, especially when compounded with the RA’s base interest of up to 6% per annum.
Strategic Benefits of Participating in the Scheme
One of the key advantages of the CPF Matched Retirement Savings Scheme 2025 is that it promotes long-term financial security through small, manageable top-ups. For those earning modest incomes, this payout match helps build a sustainable monthly retirement payout. With the BRS updated annually, the government’s initiative makes it more achievable for low-income seniors to hit that threshold.
Another major benefit is the flexibility in contributions. Members can top up their own account or contribute to their parents’, grandparents’, or spouses’ accounts—so long as the recipient qualifies. This allows family units to pool efforts and boost the retirement readiness of their elderly loved ones.
What’s New in 2025?
The CPF Board has enhanced the outreach efforts this year, making it easier for members to check their eligibility via the CPF website and mobile app. From July 2025 onwards, eligible members will also receive notifications through CPF’s digital services, streamlining awareness and participation.
In addition, several grassroots initiatives are being rolled out in collaboration with community centers to educate seniors about the scheme’s benefits. This reflects a more proactive push to ensure that no senior is left behind in planning for their retirement.
Conclusion
The CPF Matched Retirement Savings Scheme 2025 is a targeted and meaningful policy designed to support seniors with limited retirement savings. With a $600 top-up confirmed by the CPF Board, it offers a tangible incentive to enhance financial security in later years. For eligible Singaporeans, making that annual top-up could mean a more stable and confident retirement.
FAQ
Who administers the CPF Matched Retirement Savings Scheme 2025?
The CPF Board is responsible for managing and implementing the scheme, including confirming eligibility and disbursing the matched payouts.
When will the government match be credited?
Matched payouts are typically processed within the same calendar year, after the voluntary top-up has been made.
Can I top up for my parents or spouse?
Yes, as long as the recipient meets the eligibility criteria, you can top up their Retirement Account and they will receive the matching payout.
Does the $600 match affect my CPF LIFE payout?
Yes, it helps. Increasing your Retirement Account savings may result in a higher monthly payout under CPF LIFE when you reach the drawdown age.
How do I know if I qualify?
You can log in to your CPF account or use the CPF mobile app to check your eligibility status directly. Notifications are also sent to qualified members starting July 2025.
Click here to know more.