Personal Finance
Guide to SRS in Singapore
By Singapore Financial Planners  •  June 4, 2021
If you’ve been planning for your retirement, you’d probably know that CPF Life’s monthly payouts might be insufficient for you to sustain the lifestyle you’d like. You look for ways to boost your savings and hear about your friends talking to you about saving their income in their SRS accounts. Here’s what you need to know about SRS and how it can help you with your retirement savings. What is the Supplementary Retirement Scheme (SRS)? SRS is a savings program that you can voluntarily join that will increase your savings before reaching the official retirement age. This scheme was designed and introduced by the government to help you get ready for retirement in advance. Maybe you think that you already have your CPF since it fits the meaning of a retirement plan. But the CPF is a mandatory saving scheme that is designed to give retirees a standard income after...
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By Singapore Financial Planners
We believe in the power of financial literacy. It’s unfortunate that schools do not provide crucial life lessons like financial planning. Thus, we created Singapore Financial Planners to create a space where we provide financial education so that you can make an informed decision.
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