What are some ways to maximise my SRS for tax reliefs? Are there better ways than others?

Hi Anon,

Which way works best is subjective to your need at your current life stage. There are up to 10 types of investments we can all make with our SRS accounts today to grow our retirement portfolio. Some of these include stocks, bonds and REITs.

You can tap into the SRS calculator on the various bank's websites to calculate the SRS deposits and how much you can save. There might not be a real need to top up the maximum amount depending on your income tax bracket and reliefs

With the low-interest rate returns on SRS account, we can plan on allocating the monies in our SRS into endowment policies from insurers to grow for the long term. This will help create a bigger pool of monies for our long term goals, while still maintaining our tax reliefs.​​​

You may consider investing your SRS fund as suggested on below URL

https://blog.seedly.sg/supplementary-retirement...