WELCOME TO SRS
Enrich your Retirement Life with SRS.sg
SRS is a government scheme that’s set up to help Singaporeans prepare for retirement.
How much tax savings can I enjoy?
CLICK HERE TO KNOW MORE
Who is Eligible?
You are a Singaporean, Permanent Resident (PR) or foreigner
At least 18 years old and not an undischarged bankrupt
Have no existing/ pending SRS Account with another bank
Overview of SRS.sg
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Enjoy tax savings for every dollar put into the account
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Accumulate tax free gains from investing in approved SRS funds.
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Freedom to invest SRS to boost retirement savings.
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Flexibility to withdraw funds anytime.
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50% tax concession on withdrawals.
*Withdrawals before applicable statutory retirement age is subject to 100% tax, plus 5% penalty. 50% tax concession only applies to withdrawals from the statutory retirement age.*
Investing your SRS Funds
Maximise growth of your SRS by investing it.
By doing so, you earn potentially higher interest, as your balance in the SRS account earns only 0.05% interest p.a.. What’s more, you get to accumulate tax-free returns on your investments.
Range of investment products to grow your SRS funds.
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Bonds, Fixed Deposit, Shares
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Foreign Currency Fixed Deposit
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Single Premium Insurance, (SGS) , (SSB)
How SRS gets you Tax Savings?
Get a dollar-for-dollar tax discount on the amount saved on your SRS account. The more you contribute, the more you save on taxes, up to the maximum yearly contribution applicable to you:
The total personal income tax relief claimable in a year, from the Year of Assessment 2018, is S$80,000. SRS contributions (made on or after 1 Jan 2017) help maximise the total amount of tax relief you can claim.
Of course, you don’t have to contribute the maximum amount. Ideally, you should just set aside enough to drop you to a lower tax bracket.
Contact with our Expert
We do our very best move closer to contact our expert.
What would you like to do today ?
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Organise a SRS seminar for my company
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Enquire on SRS for personal retirement
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I already have SRS account, I want to optimise and get higher potential returns
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No idea what’s SRS, I would like to know more !
facing any issues? call us now.
Testimonials
"Very amazing platform! I had a great experience learning here. It helped me learn about the subject. It is good that I am constantly learning on this website!"
Shawn Tan
"The website is very comprehensive and easy to understand. The subject matter experts made sure that they are giving the information in a way that won't make me confused. "
Declan Wong
"This is one of the best websites I have come across , well written research. The content is organised in the best way to support learners seeking information."
Eunice Lim
"After giving this website a read, I was able to identify my confusion which I have done before in conducting research. Thanks to all the amazing experts wokring there."
Timothy Tan
"Well organised and thorough content presented via corporate seminar that we arrange for our employees. Shared your blogs with friends & colleagues. Really insightful content!"
Joyce Teh
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FAQS
Get Your Answer
Who is eligible to open an SRS account?
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All Singaporeans, Singapore Permanent Residents (SPRs) and foreigners who :
- Are at least 18 years old
- Are not undischarged bankrupts
- Are not of unsound mind
What is Supplementary Retirement Scheme?
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How do I open a Supplementary Retirement Scheme Account (SRS)?
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How do I make payment for a SRS purchase?
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Do I get a cheque for the sales proceeds, after selling the units purchased through my SRS account?
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Our Address
Level 42, Suntec Tower Three, 8 Temasek Boulevard, Singapore 038988.
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