Matched savings push grows as 750,000 qualify for MRSS in 2026: MOH

Top-ups made in 2026 get credited at the start of 2027, with notices from end-January 2026.

More Singaporeans will qualify for matching government grants for retirement and healthcare savings in 2026, following the expansion of the Matched Retirement Savings Scheme (MRSS) and the launch of the Matched MediSave Scheme (MMSS), according to the Ministry of Health.

About 750,000 Singaporeans are eligible for the expanded MRSS in 2026, whilst around 185,000 qualify for the new MMSS.

Around 165,000 members are eligible for both schemes and may receive up to $3,000 in total matching grants for cash top-ups made this year, the ministry said.

Matching grants disbursed under MRSS reached a record $456m for cash top-ups made in 2025, credited to more than 250,000 members, compared with $61m credited to 103,000 members in 2024.

The increase followed enhancements introduced in 2025, including the removal of the age cap of 70 and a higher annual matching limit of $2,000, capped at $20,000 over a member’s lifetime.

From 1 Jan., MRSS has been extended to eligible Singaporeans with disabilities of all ages, allowing younger members to receive dollar-for-dollar matching grants on cash top-ups to their Special Account.

The lifetime matching cap of $20,000 applies across top-ups to the Retirement or Special Account, the ministry said.

The MMSS, launched as a five-year pilot from 2026 to 2030, provides dollar-for-dollar matching grants of up to $1,000 per year on cash top-ups to MediSave Accounts for eligible Singaporeans aged 55 to 70 with lower healthcare savings.

Top-ups that receive matching grants will not qualify for personal income tax relief, MOH said.

Eligibility for both schemes will be assessed automatically. Matching grants for top-ups made in 2026 will be credited at the beginning of 2027, with notifications sent to eligible members from end-January 2026, according to the ministry.