KEY HIGHLIGHTS
- Majulah Earn and Save Bonus provides annual CPF top-ups for working Singaporeans born in 1973 or earlier.
- Eligible workers can receive up to S$1,000 credited into their CPF in **March 2026**, based on 2025 income.
- No application needed — eligibility is assessed automatically using CPF, IRAS, and property records.
The Majulah Earn and Save Bonus (MESB) is a key retirement support measure for working Singaporeans aged 52 and above. It rewards continued employment while strengthening CPF retirement savings.
Introduced under the Majulah Package, this bonus is targeted at lower- to middle-income workers to help close retirement gaps ahead of CPF LIFE payouts.
Majulah Earn and Save Bonus 2026: Key Dates & Details
| Item | Details |
|---|---|
| Eligible Birth Year | Born on or before 31 Dec 1973 |
| Assessment Year | 1 Jan – 31 Dec 2025 |
| Expected CPF Credit | March 2026 (subject to Budget confirmation) |
| Maximum Bonus | Up to S$1,000 per year |
| Payment Mode | Credited into CPF SA or RA |
| Application Required | No |
What Is the Majulah Earn and Save Bonus?
The Majulah Earn and Save Bonus is an annual CPF top-up, not a cash payout. It is designed to encourage older Singaporeans to remain economically active while building long-term retirement income.
Funds are credited directly into your CPF accounts and earn at least 4% interest per year, compounding until withdrawal.
Who Is Eligible for the 2026 Payout?
Eligibility is assessed automatically based on official records.
1. Citizenship & Age
- Singapore Citizen
- Born on or before 31 December 1973
2. Employment Status
- Employees with CPF contributions
- Self-employed persons with declared income and MediSave contributions
3. Income Criteria (2025)
- Average monthly income between S$500 and S$6,000
- Income below S$500 does not qualify
4. Property Ownership
- Living in a property with Annual Value ≤ S$25,000
- Must not own more than one property
How Much Will You Receive?
| Average Monthly Income (2025) | Annual MESB Amount |
|---|---|
| S$500 – S$2,500 | Up to S$1,000 |
| S$2,501 – S$6,000 | Up to S$400 |
Amounts are credited yearly as long as eligibility conditions are met.
How the Bonus Is Credited
- Below 55: CPF Special Account (SA)
- 55 and above: CPF Retirement Account (RA)
The bonus earns CPF floor interest and increases your future monthly payouts under CPF LIFE.
Why This Matters
Compounding Makes a Real Difference
A S$1,000 bonus credited in 2026 can grow to about S$1,480 in 10 years at 4% interest — without additional effort.
Supports the Basic Retirement Sum
These annual top-ups help members reach the Basic Retirement Sum (BRS) faster, which directly affects CPF LIFE monthly payouts.
Works Together with Other Majulah Benefits
Lower-balance members may also qualify for the Retirement Savings Bonus, further strengthening retirement adequacy.
Key Payout Timeline
- Assessment: Based on 2025 income and housing data
- Notification: Late 2025 or early 2026
- CPF Credit: Expected March 2026
Data is verified through CPF Board, Inland Revenue Authority of Singapore, and property records.
How to Maximise Your CPF Benefits
Stay Economically Active
Even part-time or flexible work that meets the S$500 threshold keeps you eligible for annual bonuses.
Consider Voluntary Top-Ups
The Retirement Sum Topping-Up Scheme offers tax relief up to S$8,000 for yourself and another S$8,000 for family members.
Prioritise Guaranteed CPF Returns
CPF SA and RA interest rates remain among the lowest-risk returns available to Singaporeans.
Frequently Asked Questions
Is the Majulah Earn and Save Bonus paid in cash?
No. It is credited directly into your CPF accounts for retirement use.
Do I need to apply?
No. Eligibility is automatically assessed using government records.
Can self-employed persons qualify?
Yes, if income is declared and MediSave contributions are made.
Can I withdraw the bonus immediately?
No. CPF withdrawal rules apply. Funds support retirement payouts from age 65.
How is this different from Pioneer Generation benefits?
The Majulah Package focuses on “Young Seniors”, while Pioneer benefits apply to those born in 1949 or earlier.
Sources:
- Ministry of Finance (MOF): www.mof.gov.sg
- Central Provident Fund (CPF) Board: www.cpf.gov.sg
