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Anonymous

13 Jul 2022

∙

SRS investment tax-free?

Is it advisable to top up SRS and then use SRS to buy SSB? Do I still get tax relief if let's say I top ul $20k and use it to buy SSB?

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KA

29 Aug 2022

As SSB only locks in 10 years, you would need to re-invest this capital (including returns) to avoid leaving it idle in your SRS account.

Personally am exploring single premium retirement plans accumulate till the retirement age (62 or 63 depending on when you sign up SRS) and payout over a 10 years period.

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Tan Choong Hwee

14 Jul 2022

Investor/Trader at Home

Yes, you can top up SRS to buy SSB. You get tax relief now and enjoy 10 years of 3% coupons (based on the latest SSB tranche).

Do take note that there is an annual limit of $15.3k for SRS contribution.

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To SRS or not to SRS? Would I be better off paying the upfront taxes and simply investing cash and enjoying the tax-free dividends and capital gains?

Understand that there is tax relief for the amount I contribute to the SRS. But if the money is being used to invest, the SRS would not show the amount. Does tax relief apply?

I plan to invest $637.50 into General Investing-Core & $637.50 into Investment ESG using my SRS for tax reduction.

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💰 Grow Your Wealth with StashAway – Free Investing on $10,000! (2026 Referral) Invest in S&P500 (CSPX), Dow Jones, Nasdaq100 (QQQ), and many more with cash & SRS!

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