- Tax saving benefit on contribution
- Tax saving benefit on withdrawal
Supplement Retirement Scheme (SRS) is a voluntary saving scheme that complements your CPF savings for retirement. The Scheme is open to everyone living in Singapore and Citizens, Permanent Residents and Foreigners are all allowed to open an SRS account. Other than to increase one’s retirement nest egg, contributing to the SRS account also allows you to reduce your income tax bill.
The SRS provides two key tax saving benefits.