What's the best use for SRS funds? Initially planning to put funds into SRS (for tax benefit) and RSP UT using FSMONE (for higher returns). Can anyone share any strategies? Also thoughts on VOO RSP?

Thing to consider when topping up SRS, although we all know we can avoid tax at present:

• penalty-free at 62. early withdrawal 5% penalty.

• 50% of withdraw sum will be tax so you can only withdraw $40k per year.

• u must draw out every cent within 10 years

if you are young. You may not want too aggressive with your SRS till it grow into a sum that you will be taxed (More than $800k) not now but later in life. Govt still prefer us to put $$$ into their pocket,🙊 oppsss.... CPF i mean.​​​🤣