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Matched Retirement Savings Scheme – An awesome scheme to boost my parents’ CPFs
By Jeffrey Lee's Personal Finance Blog  •  October 15, 2020
​​The Matched Retirement Savings Scheme will be implemented in 2021 to help senior Singaporeans who have yet to meet the Basic Retirement Sum, save more for retirement. Earlier in February this year ,during the Singapore Budget 2020, it was announced that there would be a new scheme known as the Matched Retirement Savings Scheme (MRSS) introduced in 2021 to help eligible senior Singaporeans with little to no Central Provident Fund (CPF) savings. Source: Gov.sg And if there's anything cheem* to me in my journey towards financial independence, it would probably be the many schemes and policies surrounding our CPF. But well, as my mother always say: "Cheem doesn't mean can don't learn right?". Fine. So here it is. What exactly is the Matched Retirement Savings Scheme (MRSS)? From the ,,CPF website: ​​The Matched Retirement Savings Scheme will be implemented in 2021 to help senior Singaporeans who have yet to meet...
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By Jeffrey Lee's Personal Finance Blog
Hello there! I am Jeffrey and thanks for dropping by! This blog is a special project of mine and it is a place for me to pen down my thoughts and to share it with everyone, with a particular focus on documenting down my journey to attain financial independence before reaching the age of 40.
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