KEY HIGHLIGHTS
- Majulah Package offers eligible seniors up to S$1,500 in CPF Retirement Savings Bonus plus MediSave support
- Benefits will be credited progressively from 2025 into CPF Retirement Account and MediSave accounts
- No application required — payouts are automatic for eligible Singapore citizens
Singapore’s Majulah Package strengthens retirement support with CPF top-ups and healthcare savings. Eligible seniors can receive up to S$1,500 plus ongoing CPF contributions.
Key Benefits and Timeline
| Benefit Component | Maximum Support | Credit Method | Timeline |
|---|---|---|---|
| CPF Retirement Savings Bonus | Up to S$1,500 | CPF Retirement Account | From 2025 |
| MediSave Bonus | Based on eligibility | MediSave Account | From 2025 |
| Earn and Save Bonus | Annual CPF contributions | CPF Account | Ongoing |
What Is the Majulah Package?
The Majulah Package is a government initiative targeting Singapore citizens born in 1973 or earlier.
It focuses on improving retirement adequacy by boosting CPF balances and supporting healthcare costs, especially for seniors with lower savings.
Key components include:
- CPF Retirement Savings Bonus
- MediSave Bonus
- Earn and Save Bonus
- Additional CPF-related support measures
CPF Retirement Savings Bonus
Eligible seniors may receive a one-time top-up of up to S$1,500 into their CPF Retirement Account (RA).
Higher RA balances translate into larger monthly payouts under CPF LIFE, improving long-term income security.
Eligibility typically depends on:
- CPF retirement savings level
- Property ownership status
- Age and citizenship
MediSave Bonus for Healthcare
The MediSave Bonus helps seniors manage rising medical costs by increasing their MediSave balances.
Funds can be used for:
- Hospitalisation expenses
- Approved outpatient treatments
- MediShield Life premiums
- Other approved healthcare costs
This reduces out-of-pocket expenses during retirement.
Earn and Save Bonus for Working Seniors
Seniors who continue working can receive annual CPF contributions under the Earn and Save Bonus.
The amount depends on income and employment status. This scheme supports seniors who remain economically active while growing their retirement savings.
Why This Matters
Singapore’s ageing population means longer retirement periods and higher healthcare expenses.
The Majulah Package addresses this by:
- Boosting CPF balances for seniors with lower savings
- Strengthening healthcare support through MediSave
- Encouraging continued employment
For those nearing retirement, even a S$1,500 CPF top-up can significantly improve monthly CPF LIFE payouts.
Eligible citizens should monitor CPF notifications to avoid missing credited benefits.
FAQs: Majulah Package Singapore
Who qualifies for the Majulah Package?
Singapore citizens born in 1973 or earlier, subject to CPF savings and property criteria.
How much can seniors receive?
Up to S$1,500 from the CPF Retirement Savings Bonus, plus additional MediSave and annual CPF contributions.
When will payouts start?
From 2025 onwards, credited progressively.
Will this be paid in cash?
No. Benefits are credited directly into CPF accounts such as the Retirement Account and MediSave.
Do I need to apply?
No. Eligible seniors will receive the benefits automatically.
