Hi, I’m in one of the Uniformed Services and will be retiring in 5 years time as part of compulsory service tenure and I’ll be 55yrs old by then. My SA should meet the FRS even if it raises to $200k by time I retire. I have a loan for my EC which I need to service till I’m 60years old using OA. I have RSP of about $2k in ETF, Bonds and Robo investment. That’s make me passive investor. I want to save on my income taxes. Should I put in SRS or SA?
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Goh Kah Kiat
21 Mar 2019
Editor-in-chief at Risknreturns.com
Hi Farik,
As your SA is likely to be capped at this year's FRS, I don't think there is much leeway...
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Kenneth, thank you. Is there a limit to the amount one can put in SA, like if FRS is met?