Eligible S'poreans aged 50 & above to get CPF top-up of up to S$1,500: Budget 2026

Eligible Singaporeans aged 50 and above, and with CPF retirement savings below the Basic Retirement Sum (BRS) will receive a CPF top-up of up to S$1,500.

Called the Budget 2026 CPF Top-Up, this was announced by Prime Minister Lawrence Wong said during his 2026 Budget speech on Feb. 12, 2026.

To be eligible, one has to meet the following criteria:

• CPF retirement savings below S$110,200 as at Dec. 31, 2025 (the 2026 BRS).
• Live in a residence with Annual Value (AV) of S$31,000 and below as at Dec. 31, 2025.
• Own not more than one property as of Dec. 31, 2025.

The top-up will be tiered by a recipient's CPF retirement savings and AV of their residential property.

The amount ranges between S$500 and S$1,500.

The CPF top-up will be credited in December 2026 to eligible recipients' CPF retirement account (RA), or savings account (SA) if the RA has not been created.

Those with lower balances will receive larger top-ups, so that support is targeted at where it is most needed, said PM Wong.

New investment scheme

Separately, CPF Board will be introducing a new investment scheme in 2028.

PM Wong said that it is "essentially a life-cycle investment approach, with a predefined glide path to retirement".

In a joint press release by the Ministry of Manpower and the CPF Board, the current system provides "stable, risk-free" interest rates to help Singaporeans grow their savings for retirement.

The new voluntary scheme is said to complement the existing system by catering to long-term investors who are willing to take some risk for potentially higher returns, but may have less experience in navigating the CPF Investment Scheme (CPFIS) offerings.

Several key features include:

• Automatic age-based rebalancing of investment portfolio mix, with phased liquidation
• Simplified choice
• Low fees

The CPF Board will work with commercial product providers to offer products that will automatically rebalance investors' portfolios towards lower risk assets as they approach the target date.

This will cater to members who want to stay invested for the long term and "ride out" market cycles, without having to actively manage their portfolios.

The press release added that all investment products carry investment risk, and returns are subject to market conditions.

More details will be available when the product is launched.

Top image from CPF and Lawrence Wong Facebook page.