Information of the Supplementary Retirement Scheme (SRS) will be shown on this page where you can see the tax benefits provided to you with this scheme.
The tax savings will give you a higher rate of return to your savings.
Salient Features:
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A voluntary investment scheme for Singaporeans, Permanent Residents and Foreigners (a retirement savings complementing the compulsory contribution to Central Provident Fund)
- A SRS account has to be opened with the four big banks – DBS, OCBC & UOB through NTUC Income – with authentication of your annual salary
- Earn attractive returns by investing your funds with us.
Benefits
- Tax relief on SRS contributions (subjected to limits) at the tax rate that is applicable to the top slice of your income.
- Tax-free on investment gains accumulated.
- Enjoy greater tax savings by withdrawing your savings over 10 years. 50% of the amount withdrawn will be taxed on retirement.
- If the full amount is withdrawn before retirement, a 5% penalty will be imposed.
Plans offered under the Supplementary Retirement Scheme:
- Flexi-Link Policy
- Growth Plan
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