The Supplementary Retirement Scheme (SRS) is a voluntary scheme to encourage working individuals to save for their retirement, over and above their CPF savings.
The scheme provides the following Tax advantages:
- Participants are eligible for tax relief on the contributions they make to their SRS account
- Investment returns are tax-free except for Singapore dividends
- Participants who reach the statutory retirement age prevailing at the time of the first contribution are taxed only on 50% of the total amount withdrawn.
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