Anonymous

16 Sep 2019

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As a self-employed person, would it be more advisable to top up my SRS or CPF?

What are the pros and cons of each option? I am concerned about the liquidity/lock in period, interest rate and definitely, tax relief. It would be helpful to touch about usages of CPF - housing, education or investment or SRS - investments.

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Cedric Jamie Soh

16 Sep 2019

Director at Seniorcare.com.sg

For me, I will prefer SRS.

In times of opportunities (or crisis) which happens more often for self-employed than a salaried guy, SRS is still liquid cash (with tax payment).

When you need the cash for an opportunity, it is a godsend.

PS: I don't even have an SRS, I keep cash in various short term loan and bank accounts for fast usage when needed.

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