Supplementary Retirement Scheme (SRS)
Asked on 27 May 2019
Should I still contribute to SRS if payable tax is already zero?
Top Contributor (Oct)
Short answer: no
longer answer: SRS is mainly to reduce taxes so since you have reduced your tax so much, why lock your money as opposed to having liquid cash? You can use liquid cash to buy investments and ice cream, SRS can only buy the former.
Assuming you are years away from your retirement, there is various penalties and/or restrictions on your SRS money. maybe when your taxable incomes becomes sizable then parking some money aside to reduce taxable income can be considered. That is not to say you should max out the contributions every time.