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Anonymous

08 Apr 2023

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How much do you all decide to put in SRS? I realise if you are a working mother SRS might backfire as you might hit your cap?

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YOC

01 Jun 2023

I max it because it helps w my tax relief

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JH L

25 Apr 2023

Actually changes to the tax code will ensure that hitting the cap will no longer be a problem.

It really depends on how much you can do without. You could withdraw from SRS, but note that the withdrawn amout will be taxable +5% fee, so it's considered semi-liquid.

Not a working mum, but I am planning to contribute a small sum to SRS or CPF monthly if I can afford it. Probably $100 since my income is not that high and I have other objectives to meet.

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tinycents

25 Apr 2023

Put into CPF SA first I believe will be better...

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