Unlock Tax Savings and Supercharge Your Retirement: Maximize Your SRS Benefits Today!

Take Control of Your Finances While Growing Your Retirement Wealth

The best time to prepare for next year’s tax season is now. If you’re looking for smart ways to reduce future tax bills and build a stronger retirement plan, the Supplementary Retirement Scheme (SRS) offers you a powerful advantage. This government-backed initiative helps you grow your wealth through strategic investing while giving you tax relief when you need it most.

What is the Supplementary Retirement Scheme (SRS)?

More than just a savings account, SRS is a tax-saving and investment tool designed to boost your long-term financial security. It’s available to Singaporeans, Permanent Residents, and foreigners working in Singapore. Contributions to your SRS account can reduce your taxable income while you invest and grow your funds for retirement.

Who Can Contribute?

✅ Anyone aged 18 and above with the mental capacity to manage finances

✅ Singaporeans and PRs: Up to $15,300 annual contribution

✅ Foreigners: Up to $35,700 annual contribution

Why Start Contributing Now?

By contributing early in the year, you not only spread out your financial commitments but also gain more time to invest and grow your funds. For example, setting aside $1,275/month for Singaporeans and PRs makes full use of the annual SRS limit —lowering your taxable income and building your retirement nest egg gradually.

Smart Withdrawals = Lower Taxes

Once you reach the statutory retirement age of 63, you can begin tax-efficient withdrawals from your SRS account. You can either:

• Withdraw everything at once, or

• Spread your withdrawals over 10 years for optimal tax benefits

The 10-Year Strategy works best for many. If you’ve accumulated S$400,000 in SRS, withdrawing S$40,000/year for 10 years means:

✅ Only 50% (S$20,000) is taxable each year

✅ With Singapore’s tax relief threshold at S$20,000, you could pay zero tax on withdrawals

✅ Enjoy a steady, tax-efficient income stream throughout retirement

Don’t Let Your SRS Funds Sit Idle — Invest for Growth!

Leaving your SRS funds in the default account earns only 0.05% interest—far below inflation. Maximize your returns by investing in:

✅ Stocks & REITs

✅ Bonds & Fixed Deposits

✅ Unit Trusts & ETFs

The earlier you start, the more time your money has to grow. Even outside of tax season, your future self will thank you for acting now.

Ready to Take Action?

• Open your SRS account at DBS, OCBC, or UOB

• Start monthly contributions or plan lump-sum top-ups before December 31 to enjoy tax relief for the current year

• Invest your funds wisely to build long-term wealth

  
  

Get a Personalized SRS Strategy – Book a Complimentary Consultation!

Not sure where to start? Let’s create a tailored plan to maximize your SRS benefits. Contact us to schedule your free consultation now and start preparing your finances for the future, before the next tax season rolls around.