KEY HIGHLIGHTS
- Working Singaporeans aged 51 and above can receive CPF top-ups in 2026 under the Majulah Package.
- Eligible lower- to middle-income earners may get up to S$1,000 credited automatically to CPF.
- No application needed — payout is expected in March 2026 if you meet income and property criteria.
If you’re 51 years old or older and still earning an income, this is one CPF benefit you really shouldn’t ignore. The Majulah Earn & Save Bonus 2026 is designed to reward older Singaporeans who continue working, with annual CPF top-ups of up to S$1,000.
This isn’t cash in hand — but honestly speaking, CPF top-ups can be even more powerful. They earn interest, compound over time, and directly boost your retirement payouts later. For many Singaporeans in their 50s and early 60s, this can quietly make a big difference.
The Earn & Save Bonus is part of the broader Majulah Package, introduced to support “young seniors” — Singapore citizens born in 1973 or earlier — as retirement adequacy becomes a bigger concern with longer life expectancy.
What exactly is the Majulah Earn & Save Bonus?
The Majulah Earn & Save Bonus (ESB) is an annual CPF top-up, not a cash payout. If you qualify, the government credits the bonus directly into your CPF account based on your age:
- Ages 51–54: Credited to your CPF Special Account (SA)
- Ages 55 and above: Credited to your CPF Retirement Account (RA)
Both SA and RA earn at least 4% interest per year, so the bonus grows automatically. No need to invest, no need to manage anything. You just let time do the work.
For most Singaporeans, this is one of those benefits that’s easy to miss — but very solid if you qualify.
| Average Monthly Income (Assessment Year) | Earn & Save Bonus (Paid in 2026) |
|---|---|
| S$500 – S$2,500 | S$1,000 |
| Above S$2,500 – S$3,500 | S$700 |
| Above S$3,500 – S$6,000 | S$400 |
| Below S$500 or above S$6,000 | No bonus |
Who is eligible for the Majulah Earn & Save Bonus 2026?
To qualify, you must meet all the conditions below. No need to overthink — it’s quite straightforward.
Age requirement
You must be born on or before 31 December 1973, and be at least 51 years old in the work year being assessed (for the 2026 payout, that’s income earned in 2025).
Employment and income
You need to have earned income during the year, including:
- Full-time or part-time employment
- Self-employment (freelancers, delivery riders, gig workers)
Your income must be properly reported to CPF Board or IRAS. If it’s not declared, it won’t count.
Your average monthly income must fall between S$500 and S$6,000.
Property conditions
This scheme is targeted, so there are simple housing rules:
- You must live in a property with Annual Value (AV) of S$25,000 or below
- You must own no more than one property
These checks help focus support on those without significant housing wealth.
When and how will the bonus be paid?
If you qualify, the Earn & Save Bonus is expected to be credited in March 2026.
You don’t need to choose anything. The CPF system automatically places the money into the correct account based on your age:
- 51–54: CPF Special Account
- 55 and above: CPF Retirement Account
Once credited, the money earns interest immediately and counts towards your retirement savings and future CPF LIFE payouts.
Do you need to apply? Short answer: no
There is no application required.
The CPF Board will automatically assess your eligibility using:
- CPF contribution and tax records
- Property ownership and annual value data
- Age and citizenship details
If you qualify, the bonus will be credited automatically. No forms, no deadlines, no chasing.
Why this bonus matters more than it looks
At first glance, S$400 to S$1,000 may not sound life-changing. But in CPF terms, it adds up.
It strengthens your retirement base
Every dollar in SA or RA earns interest yearly. Over time, this helps increase your retirement savings and monthly payouts.
It rewards staying economically active
Even part-time or flexible work counts. If you’re still contributing, the system supports you — not penalises you.
It compounds quietly
Annual top-ups over multiple years can grow into a meaningful amount, especially when credited in your early 50s. This can improve your CPF LIFE payouts later without extra effort from you.
Frequently Asked Questions
1. I’m self-employed — can I still qualify for the Earn & Save Bonus?
Yes. As long as your self-employment income is properly declared to IRAS or CPF and your average monthly income falls within S$500 to S$6,000, you can qualify.
2. Can I withdraw the Earn & Save Bonus as cash?
No. The bonus is credited directly into your CPF SA or RA and cannot be withdrawn as cash. It’s meant strictly for retirement savings.
3. If I stop working in 2026, will I still get the payout?
Yes. The 2026 payout is based on income earned in 2025. As long as you meet the criteria for that year, you’ll still receive the bonus even if you stop working later.
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