If you’re nearing retirement in Singapore, you’ve probably wondered whether your savings will be enough. The good news? The government has stepped in with a powerful assurance — the Majulah Package, a new initiative designed to help seniors enjoy their golden years without financial anxiety.
Under this package, eligible Singaporeans can receive up to $1,500 as a Retirement Savings Bonus (RSB), credited directly into their CPF accounts. And here’s the best part — no application is needed. Everything happens automatically.
It’s the government’s way of saying, “You’ve worked hard all your life. Now, let’s make retirement easier for you.”
What Exactly Is the $1,500 Retirement Savings Bonus?
The Retirement Savings Bonus (RSB) is a one-time top-up for Singaporeans who have lower CPF balances. It’s meant to help them reach the Basic Retirement Sum (BRS) — the amount needed to ensure steady monthly income after retirement.
Depending on your current CPF savings:
- If your balance is below $60,000, you’ll receive $1,500.
- If your balance is between $60,000 and $99,400, you’ll receive $1,000.
The funds will be credited to your CPF Retirement Account (RA) or Special Account (SA) if the RA isn’t open. No forms, no queues — just peace of mind delivered straight to your CPF.
Who’s Eligible for the Majulah Package?
This support is meant for Singaporeans aged 51 and above (born in 1973 or earlier) — especially those from the Pioneer and Merdeka Generations who might not have had long CPF contribution histories.
To qualify, you must:
- Have CPF savings below the Basic Retirement Sum ($99,400) as of December 31, 2022.
- Live in a home with an Annual Value of $25,000 or less.
- Own no more than one property.
These criteria ensure that help reaches those who truly need it — seniors who’ve worked hard but may still face gaps in retirement savings.
More Than Just $1,500: Extra Support for Working and Retired Seniors
The Majulah Package isn’t limited to the RSB. It includes additional support:
- Earn and Save Bonus: Seniors still working can earn $400–$1,000 yearly, depending on their income.
- MediSave Bonus: A one-time top-up of up to $2,000 to help with healthcare costs.
Together, these bonuses strengthen both financial and medical security — ensuring that Singapore’s elderly can focus on living well, not worrying about bills.
When Will the Payment Arrive?
The Retirement Savings Bonus will be credited automatically in December 2025. Eligible individuals will receive an SMS or letter once it’s done. No action is needed — the CPF Board will handle everything behind the scenes.
So if you qualify, you can look forward to seeing that bonus safely added to your CPF account — just in time to bring some comfort before the new year.
Frequently Asked Questions
1. Who qualifies for the $1,500 Retirement Savings Bonus?
Singaporeans born in 1973 or earlier with CPF savings below $99,400 and who meet property ownership criteria will automatically qualify.
2. Do I need to apply for the Majulah Package?
No application is required. The CPF Board will credit the bonus automatically if you meet the eligibility conditions.
3. When will the bonus be credited?
Payments will be made in December 2025, and recipients will be notified once their CPF accounts are credited.