Eligibility for elderly cash top-ups, specifically the Matched Retirement Savings Scheme (MRSS) in Singapore, generally requires seniors to be aged 55 and above, have lower retirement savings (typically a Retirement Account balance below a set amount), and a limited average monthly income. The government matches cash top-ups to their Retirement Account up to $2,000 yearly.
You must meet the following criteria to be eligible:
The COLA was 2.5 percent in 2025. Nearly 71 million Social Security beneficiaries will see a 2.8 percent COLA beginning in January 2026. Increased payments to nearly 7.5 million people receiving SSI will begin on December 31, 2025. (Note: Some people receive both Social Security benefits and SSI).
The last disbursement was made in February 2025. You must be aged 20 and below, or 55 and above, in the disbursement year. Lower-income senior Singapore citizens will receive cash payments of $600 to $900 through the AP Seniors' Bonus. The AP Seniors' Bonus will be disbursed over three years, from 2023 to 2025.
You can make a cash top-up to yourself or your loved ones' Retirement or Special Account (RA or SA) via the CPF website or CPF mobile app. Your cash top-up will generally be credited almost instantly upon successful payment.
Who is eligible? Singapore citizens who: Were born from 1 January 1950 to 31 December 1959, and. Became a Singapore citizen on or before 31 December 1996.
Top-ups cannot exceed the CPF Annual Limit of $37,740, which includes your mandatory CPF contributions for the calendar year.
You must be aged 21 and above in 2025; Your Income Earned in 2023 as assessed by IRAS (Assessable Income (AI) for the Year of Assessment (YA) 2024) must not exceed $39,000; The Annual Value (AV) of your home (as indicated on your NRIC) as at 31 December 2024 must not exceed $31,000; and.
$600 to $900 cash payouts over 3 years from 2023 to 2025 for eligible Singapore Citizens aged 55 and above.
The Government of Canada is providing a one-time tax-free payment of $300 for seniors eligible for the Old Age Security (OAS) pension, with an additional $200 for seniors eligible for the Guaranteed Income Supplement (GIS).
The extra $144 added to Social Security usually comes from the Medicare Part B Giveback benefit, offered by some Medicare Advantage (Part C) plans, which pays back some or all your Part B premium, showing up as extra money in your check if it's deducted from your Social Security. To qualify, you need Original Medicare (Parts A & B), pay your own Part B premium, live in a plan's service area, and enroll in a specific Medicare Advantage plan that offers this "rebate," with the amount varying by plan and location.
From 1 January 2026, you will be eligible for the Matched Retirement Savings Scheme (MRSS) for the year if you are a Singapore Citizen residing in Singapore only and meet the following criteria. Below age 55 with disability status verified + with Ministry of Social and Family Development (MSF).
In addition to the existing standard deduction, filers who are age 65 and older can qualify for a new senior bonus deduction of up to $6,000 for individuals and $12,000 for married couples. This deduction is targeted to lower- and middle-income retirees and will help tens of millions keep more of their income.
All Singapore Citizens (SCs) aged 21 and above in 2025 will receive $600 in SG60 Vouchers. SC seniors aged 60 and above in 2025 will receive $200 more – a total of $800 in SG60 Vouchers. See Table 1 for more details. The SG60 Vouchers will be disbursed across the month of July.
Can I get other help with the cost of living when I retire?
Eligibility. Adult Singaporeans aged 21 years and above will receive AP Cash in December every year from 2022 to 2026. In total, eligible Singaporeans will receive between $700 and $2,250 of AP Cash over these five years.
As announced in Budget 2025, all Singaporean households will receive an additional $800 in CDC Vouchers to help with daily expenses. The vouchers are distributed in two tranches — $500 in May 2025 and $300 in January 2026. The process for claiming and spending the vouchers remains the same.
By topping up your Special Account (SA) (if you are below 55) or Retirement Account (RA) (if you are 55 or above), you are growing your retirement savings and will enjoy higher monthly payouts when you retire. By topping up your SA or RA, you can earn risk-free interest rates* of up to 6% per annum on your savings.
Your online top-up application and payment will need to reach us by 31 December of the year. It is important to note that the tax relief is granted based on the calendar year in which the top-up is made, regardless of the actual date of submission.