Hi Anon,
The Supplementary Retirement Scheme (SRS) is a voluntary scheme to encourage individuals to save for retirement and the contributions for SRS are eligible for tax relief. It allows you to save on your tax payable.
However, any amount contributed to SRS cannot be withdrawn until the retirement age if not a penalty of 5% will be imposed.
IRAS:- https://www.iras.gov.sg/irashome/Schemes/Indivi...
Hi Anon,
The Supplementary Retirement Scheme (SRS) is a voluntary scheme to encourage individuals to save for retirement and the contributions for SRS are eligible for tax relief. It allows you to save on your tax payable.
However, any amount contributed to SRS cannot be withdrawn until the retirement age if not a penalty of 5% will be imposed.
IRAS:- https://www.iras.gov.sg/irashome/Schemes/Indivi...