HeyAnna administrators CPF 101: Matched Retirement Savings Scheme (MRSS)

Effective from 2021, the Government has introduced the Matched Retirement Savings Scheme (MRSS) which provides dollar-for-dollar match into the Retirement Account (RA) that can help senior Singaporeans to meet their Basic Retirement Sum (BRS).

You can also do a voluntary cash top-up to the CPF accounts of eligible senior citizens (like your parents) under the Retirement Sum Topping-Up (RTSU) scheme! What's more - enjoy the prevailing RTSU benefits such as up to S$7,000 income tax relief.