The Singapore Government continues to strengthen support for seniors who may not have accumulated enough retirement savings over the years. The Majulah Retirement Savings Bonus 2026 is designed specifically for individuals whose CPF balances fall below the Basic Retirement Sum. Many seniors fall into this group due to reasons beyond their control, such as years spent in caregiving roles, homemaking, informal work, or lower-income jobs.
To help bridge this gap, the Government will provide a one-time CPF top-up of up to S$1,500 directly into eligible members’ CPF accounts. This initiative ensures that seniors receive a meaningful boost that compounds over time, improving their future CPF LIFE payouts.
What Is the Majulah Retirement Savings Bonus
The Retirement Savings Bonus (RSB) is a one-off top-up deposited directly into the CPF accounts of eligible seniors. It is not a cash payout and cannot be withdrawn immediately. Instead, its purpose is to help individuals strengthen their retirement adequacy, particularly those who have not reached the Basic Retirement Sum.
By enhancing a member’s CPF balance earlier, the bonus earns higher interest rates in the Special Account and Retirement Account. These accounts provide 4 percent to 6 percent risk-free interest annually, which significantly increases long-term retirement income. This automatic top-up requires no forms, no applications, and no additional steps from seniors.
Summary Table
Key Point |
Details |
|---|---|
Scheme Name |
Majulah Retirement Savings Bonus 2026 |
Benefit Amount |
One-time CPF top-up of S$1,000 or S$1,500 |
Target Group |
Seniors with CPF balances below the Basic Retirement Sum |
Basic Retirement Sum Benchmark |
S$102,900 (BRS for 2024) |
Payout Schedule |
March 2026 for most eligible citizens |
Application Requirement |
None. Automatically processed by CPF Board |
Official Website |
Quick Overview of the Majulah Retirement Savings Bonus 2026
The RSB is structured to ensure that those with the lowest CPF balances receive the most support. Below is a quick breakdown of how the scheme works:
Bonus Amount
You will receive either S$1,000 or S$1,500 depending on your CPF balance.
Who It Helps
It is created for seniors who have not yet reached the Basic Retirement Sum of S$102,900.
Automatic Processing
All eligible members are automatically credited. There is no need to apply.
Timeline
Payments will begin in March 2026 for most seniors.
Eligibility Criteria
To qualify for the Majulah Retirement Savings Bonus 2026, individuals must meet a clear set of criteria based on citizenship, age, CPF balance, and housing details. The conditions are listed below:
Citizenship and Age
- Must be a Singapore Citizen
- Born on or before 31 December 1973
- Must be 51 years old or above in 2024
CPF Balances
- Total CPF retirement savings (Special Account plus Retirement Account) must be below S$102,900
Property and Housing
- Must live in a property with an annual value of S$25,000 or less
- Must not own more than one property
For most households living in HDB flats, the annual value condition will be met easily. The focus of the scheme is to help those who have modest housing wealth and limited retirement savings.
How Much You Will Receive
The bonus amount is determined by the member’s current CPF balance in the Special Account and Retirement Account. The amounts are structured as follows:
CPF Retirement Savings (SA + RA) |
One-Time Bonus |
|---|---|
Below S$60,000 |
S$1,500 |
S$60,000 to S$102,900 |
S$1,000 |
This tiered system ensures that individuals with the lowest savings receive the highest amount. Once a member’s total balance reaches the Basic Retirement Sum, they will no longer qualify because the RSB is designed strictly to help those who require catch-up support.
When the Bonus Is Paid
Most eligible seniors will receive their CPF top-up around March 2026. The amount will automatically be credited into the correct CPF account based on age:
- Members aged 55 and above will receive the top-up into their Retirement Account
- Members aged 51 to 54 will receive the top-up into their Special Account
Everything is managed directly by the CPF Board, meaning seniors do not need to file applications, submit declarations, or perform any follow-ups.
Why This Bonus Matters
The RSB may seem modest at first glance, but its impact inside the CPF system is significant. Some of the key advantages include:
Long-Term Growth
CPF accounts earn between 4 percent and 6 percent interest, making the bonus highly valuable over time.
Compounding Effect
The earlier money enters your CPF, the more it grows. This significantly increases CPF LIFE payouts after age 65.
Risk-Free Returns
Funds in CPF are fully protected and unaffected by market fluctuations.
Improved Retirement Security
For seniors who are behind on savings, this boost helps them close the gap and enjoy stronger lifelong payouts.
What Seniors Should Do Now
There is nothing complicated required from members. Still, seniors may take a few simple steps to stay informed:
- Log in to CPF using Singpass to check your account balances
- If you stay in private property, verify your property’s annual value using IRAS
- Watch for notifications from gov.sg or LifeSG in early 2026
Once these steps are done, simply wait for the CPF Board to process the payments automatically.
Frequently Asked Questions
1. I am a homemaker and have never worked. Am I eligible
Yes. Employment status does not affect eligibility. As long as you meet the citizenship, age, CPF balance, and housing requirements, you qualify.
2. Can I withdraw the S$1,500 in cash
No. The Retirement Savings Bonus goes directly into your CPF and is meant to enhance your CPF LIFE payouts later.
3. My CPF balance is above S$102,900. Can I still receive the RSB
No. The RSB is only for members below the Basic Retirement Sum. However, you may qualify for other Majulah benefits such as the MediSave Bonus or the Earn and Save Bonus.
4. Do I need to apply for this scheme
No. All processing is automatic. Eligible members will receive their top-ups without applying.
5. How will I know if I am receiving the bonus
CPF Board will send notifications through SMS or the LifeSG app before the payout.
Final Take
The Majulah Retirement Savings Bonus 2026 is a meaningful and targeted initiative that gives seniors a helpful push toward more secure retirement savings. With automatic crediting, high interest growth, and clear eligibility conditions, the scheme ensures that assistance reaches those who need it most. For seniors concerned about retirement readiness, this bonus offers reassurance and long-term value without requiring any action on their part.
For More Information Click HERE
