The Supplementary Retirement Scheme (SRS) is a voluntary scheme to encourage individuals to save for retirement, over and above their CPF savings. Contributions to SRS are eligible for tax relief. Investment returns are tax-free before withdrawal and only 50% of the withdrawals from SRS are taxable at retirement. As the name suggests, the SRS is…
Month: August 2019
GO(LD) for IPPT?
This is for the fitness freak out there or those who want to ace and profit (up to $500) from their Individual Physical Proficiency Test (IPPT). The IPPT is a standard physical fitness test used by the Singapore Armed Forces (SAF), Singapore Police Force (SPF) and Singapore Civil Defence Force (SCDF) to test the basic…