Grow Your Wealth
Invest Your CPF & SRS in Stocks with Low Cost
Grow your Wealth
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