Grow Your Wealth
with Us
with Us
Invest Your CPF & SRS in Stocks with Low Cost
Grow your Wealth
with us
Invest your CPF &SRS in stocks with low cost
What is SRS?
Introduced on 1 April 2001, the Supplementary Retirement Scheme (SRS) is part of the Government’s multi-pronged strategy to address the financial needs of a graying population. It is a voluntary scheme that complements the CPF. Participants can contribute S$15,300 (Singapore Citizen/Singapore Permanent Resident) or S$35,700 (foreigner) annually to SRS at their own discretion. The contributions may be used to purchase various investment instruments. The SRS offers attractive tax benefits. Contributions to SRS are eligible for tax relief, investment returns are accumulated tax-free (with the exception of Singapore dividends), and only 50% of the withdrawals from SRS are taxable upon retirement.
Contributions to SRS accounts only earn 0.05% when kept in banks. Investing is an effective way to put your money to work and potentially build wealth. Why not invest to plan well for your retirement?
Invest in SRS with POEMS
Stocks
Bonds
Robo-Advisors
Managed Account
ETFs
Unit Trust
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Insurance
How SRS Gives You Tax Savings
MR Tan
Singapore Citizen
He made a contribution of S$12,000 in this year
SRS operator will provide contribution
details to IRAS
Tax relief of S$12,000 will be included in the following year of assessment
Yearly max SRS contribution is S$13,500
Personal tax relief cap of S$80,000 applies
MR Tan
Singapore Citizen/SPR
He made a contribution of S$12,000 in the year
Yearly max SRS contribution is S$13,500
SRS operator will provide contribution details to IRAS
Tax relief of S$12,000 will be included in the following year of assessment
Personal tax relief cap of S$80,000 applies
