​​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 the Basic Retirement Sum save more

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