The Majulah Package 2.0 builds on the original scheme to provide targeted retirement support for older Singaporeans. With enhanced MediSave top-ups, Earn and Save bonuses, and expanded eligibility, understanding every component helps you claim the full benefit.
What Is the Majulah Package 2.0?
The Majulah Package was first introduced to provide financial support to the Merdeka Generation and older Baby Boomers who had fewer years to benefit from Singapore's CPF system in its mature form. Version 2.0, announced in Budget 2026, expands the scope and increases the quantum of support.[2]
The package targets Singaporeans born between 1954 and 1968 (aged 58 to 72 in 2026).[1] These individuals entered the workforce before CPF contribution rates were fully mature and may not have accumulated sufficient retirement savings through CPF alone. The government recognises that this cohort needs additional support to ensure retirement adequacy.
The Majulah Package 2.0 consists of several components: a one-off CPF Retirement Account top-up, annual MediSave top-ups, an Earn and Save bonus for those still working, and enhanced access to the Matched Retirement Savings Scheme.[1]
CPF Retirement Account Top-Up
Eligible seniors receive a one-off top-up to their CPF Retirement Account of up to $2,500.[1] The exact amount depends on your birth cohort, income level, and existing CPF balances. Those with lower incomes and smaller CPF balances receive more, reflecting the progressive nature of the scheme.
For seniors who have already started CPF LIFE payouts, the top-up translates directly into higher monthly income. For those still accumulating, the top-up earns interest in the RA at up to 6% per annum (for the first $30,000 of combined balances for those 55 and above), compounding until payouts begin.[3]
The top-up is credited automatically and does not require an application. However, you should verify your CPF statements to ensure the credit has been applied correctly. The CPF Board typically processes these credits in batches over several months following the budget announcement.
Annual MediSave Top-Ups
Healthcare costs are a major concern for older Singaporeans. The Majulah Package 2.0 provides annual MediSave top-ups of $200 to $1,000 per year for five consecutive years (2026 to 2030).[1] The amount is tiered by age and income, with older and lower-income seniors receiving larger top-ups.
These top-ups help offset the rising cost of MediShield Life premiums and Integrated Shield Plan riders, which tend to increase with age. For a senior paying $800 per year in MediShield Life premiums, a $500 annual MediSave top-up covers a significant portion of the cost.
The top-ups also strengthen your MediSave balance for out-of-pocket healthcare expenses: specialist consultations, dental work, chronic disease medications, and other costs that insurance does not fully cover. A larger MediSave balance means less reliance on cash savings for healthcare.
The Earn and Save Bonus
One of the most impactful components of the Majulah Package 2.0 is the Earn and Save bonus, which rewards seniors who continue working. Eligible workers aged 60 and above who earn up to $6,000 per month receive an annual bonus of up to $1,000 credited to their CPF accounts.[1]
The bonus is structured to encourage continued employment. It is automatic for employed workers whose employers are making CPF contributions. Self-employed persons who have made their required MediSave contributions are also eligible, though at a different rate.
The Earn and Save bonus stacks with the Workfare Income Supplement (WIS) for lower-income workers, creating a meaningful combined benefit.[5] A senior worker earning $2,500 per month could receive both the Earn and Save bonus and WIS payments, adding over $3,000 per year to their CPF balances.[4][5]
Eligibility Criteria
The Majulah Package 2.0 has several eligibility requirements that you should verify:
- Citizenship: You must be a Singapore citizen.
- Birth year: You must be born between 1954 and 1968 (inclusive).[1]
- Income: Your assessable income should not exceed $100,000 per annum.[1] Higher-income seniors receive reduced benefits or no benefit.
- Property: You must not own more than one property. The Annual Value of your property must not exceed $21,000 (equivalent to most HDB flats and some lower-value private properties).[1]
- CPF balance: Your total CPF balance is considered, with those having lower balances receiving higher top-ups.
Most seniors who meet these criteria will receive the benefits automatically. There is no application form. However, if you believe you are eligible but have not received the credits, you should contact the CPF Board directly to verify your records.
How to Maximise the Package
While the Majulah Package 2.0 is automatic, there are steps you can take to ensure you get the maximum benefit:
- Keep working if you can. The Earn and Save bonus only applies to those with employment income or self-employment contributions. Even part-time work can qualify you for this component.
- Do not withdraw CPF prematurely. Withdrawing your CPF at 55 may reduce your eligibility for income-based components or lower the top-up amount. Let your savings compound in the system for as long as possible.
- Combine with MRSS. If your RA balance is below the Basic Retirement Sum, you can benefit from the Matched Retirement Savings Scheme on top of the Majulah Package. The government matches your voluntary top-ups dollar for dollar, effectively doubling the value of every dollar you contribute.
- Review your MediSave usage. With additional MediSave top-ups, you may have more flexibility to upgrade your health insurance coverage or pay for preventive care that you have been deferring.
Interaction with Other Government Schemes
The Majulah Package 2.0 is designed to complement, not replace, other government support schemes. It works alongside:
- Workfare Income Supplement (WIS): For workers earning up to $2,500 per month. WIS provides both cash and CPF top-ups, and it stacks with the Majulah Earn and Save bonus.[5]
- Silver Support Scheme: For lower-income seniors. Silver Support provides quarterly cash payouts and is separate from the Majulah Package CPF credits.
- GST Voucher scheme: All eligible seniors receive GST vouchers regardless of their Majulah Package status.
- CHAS and Pioneer/Merdeka Generation benefits: Healthcare subsidies continue independently of the Majulah Package.
Understanding how these schemes interact allows you to build a comprehensive picture of your total government support. For some seniors, the combined value of all schemes can exceed $5,000 per year in CPF credits, cash payouts, and healthcare subsidies.
Planning Beyond the Package
The Majulah Package 2.0 is a welcome supplement, but it should not be the foundation of your retirement plan. Even with the enhanced support, most seniors will need additional income sources to maintain their desired lifestyle.
If you are in the target age group, use the Majulah Package as a catalyst to review your overall retirement readiness. Assess your CPF LIFE payout projections, review your insurance coverage, and evaluate whether your savings and investments can fill any remaining gaps.
For those with family members in the eligible age group, helping them understand and access these benefits is a meaningful form of support. Many seniors may not be aware of all the components or how to verify their eligibility. A family conversation about retirement finances, supported by a qualified Financial Adviser Representative, can ensure that no benefits are left on the table.
