CMFAS RES5 CPF & CPFIS question: eligible member's family tops up S$3,000

CMFAS RES5CPF & CPFIS

Under the MRSS enhancements from 1 January 2025 (annual matching cap raised to S$2,000, lifetime cap S$20,000, age 55 and above), an eligible member's family tops up S$3,000 to his Retirement Account in 2025. What matching grant does the Government add for that year?

A S$600
B S$2,000
C S$3,000
D S$1,500

Show the answer and explanation

Answer: B. S$2,000

From 1 January 2025 the MRSS annual matching cap rises from S$600 to S$2,000 (with a S$20,000 lifetime limit). The S$3,000 top-up is matched dollar-for-dollar only up to the S$2,000 annual cap, so the grant is S$2,000.

Common mistake

Using the old S$600 cap understates the grant; from 2025 the annual cap is S$2,000 (but still less than the full S$3,000 top-up).

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Original study material mapped to the public CMFAS RES5 syllabus. Unofficial, not endorsed by MAS or SCI. Verify figures and rules against current guidance before relying on them.