Advertisement
Anonymous
I just turned 26 this year and saw this article on the Sunday Times by Lorna Tan regarding the SRS. What is it and how can we utilise it for growing our investments?
4
Discussion (4)
Learn how to style your text
Reply
Save
Tan Choong Hwee
07 May 2021
Investor/Trader at Home
You may read this Seedly blog post on SRS:
In short, it is a tax deferment scheme. You enjoy tax relief when you contribute to SRS, so it makes sense when your annual renumeration hit high income tax bracket.
Reply
Save
Young adults eventually grow old, and SRS will be meaningful to them as they understand it reaching ...
Read 2 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts
Related Articles
Related Posts
Related Posts
Advertisement
Like what has been mentioned earlier, SRS lets you to reduce your taxes while building up your retirement funds. Even if you have no current plans on utilising the SRS, it may be a good idea to lock in your retirement age first by topping up $1 into your SRS account.
Seedly has an article about it if you're interested:
Why You Should Top Up $1 To Your Supplementary Retirement Scheme (SRS) Account Today