Towards the end of 2015, I considered hard if I should park my money into the SRS account. It is always painful to part with S$12,750. We are talking about not being able to see my money (another S$12,750) for the next 30 years.

I started this journey 4 years ago and the idea was to complement my CPF savings for retirement. And, of course, enjoying the tax deferment on my SRS contribution each year. Plus, force myself to purchase an investment instrument for the long term.

Rome wasn’t built in a day, but they were laying bricks every hour.

With each passing year (not exactly every hour), adding S$12,750, I am beginning to see a separate sizable retirement fund – 4 x S$12,750 = S$51,000.

I just have to keep this momentum moving year after year for another 16 installments.

Read: Topping up SRS Account for the 3rd Consecutive Year