More Singaporeans are set to get a bigger boost to their retirement and healthcare savings.

The Ministry of Health, Ministry of Manpower, and the CPF Board announced that the Matched Retirement Savings Scheme will cover more Singaporeans, with the government providing matching contributions for CPF top-ups.

In addition, a new Matched MediSave Scheme is being introduced as a five-year pilot, helping around 185,000 older Singaporeans with lower MediSave balances.

How do these schemes work? Who stands to gain the most, and who might still miss out?

On The Big Story, Hongbin Jeong speaks with Lena Teng, Learning & Development and CPF Specialist at Providend, to break it all down.

More Singaporeans are set to get a bigger boost to their retirement and healthcare savings.
The Ministry of Health, Ministry of Manpower, and the CPF Board announced that the Matched Retirement Savings Scheme will cover more Singaporeans, with the government providing matching contributions for CPF top-ups.
In addition, a new Matched MediSave Scheme is being introduced as a five-year pilot, helping around 185,000 older Singaporeans with lower MediSave balances.
How do these schemes work? Who stands to gain the most, and who might still miss out?
On The Big Story, Hongbin Jeong speaks with Lena Teng, Learning &amp; Development and CPF Specialist at Providend, to break it all down.

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Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.