Singaporeans put $6.7b into CPF accounts in 2025 surge

About 316,000 members received voluntary top-ups from themselves or their families.

Singaporeans put $6.7b into their Central Provident Fund (CPF) accounts in the first seven months of 2025, surpassing the $4.8b for all of 2024.

About 316,000 members received voluntary top-ups from themselves or their families, the CPF Board said.

January alone saw $2.9b in top-ups, more than four times last year’s figure, with most going to members aged 55 and above.

The surge followed the raising of the Enhanced Retirement Sum and the closure of the Special Account for those over 55, which led many to transfer funds to their Retirement Account, where savings earn up to 6% interest.

The Matched Retirement Savings Scheme (MRSS) also expanded, with more than 130,000 members receiving top-ups, up from 103,000 for all of 2024.

Over half were aged above 70, and nearly three-quarters maximised the higher $2,000 government matching grant.
From January 2026, MRSS will cover Singaporeans with disabilities of all ages.

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