I always like the year end season. Things are winding down, people are clearing their leaves and taking their well-deserved holidays, kids are out of school etc. Well, there’s even less traffic on the roads. This is also the period when I am topping up my SRS. I always tell myself to spread it out…
Category: SRS
Should you contribute to SRS?
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…