I never had an SRS Account until 3 years ago. That was when I decide to create an SRS account. The process to create an SRS account is very easy currently. As creating the account is easy, I do urge those of you who have not to create your SRS account to go ahead and create it to lock in the current statutory retirement age. What is the SRS Account and How is it USeful for You? The SRS Account stands for Supplementary Retirement Scheme which is a voluntary scheme to encourage people to save for retirement. It is basically our private retirement plan, that supplement the government defined contribution plan, the CPF. The short answer is that by channelling some of your money annually to your SRS account, you can defer your income tax so that your annual income tax payable can be lowered. Let me explain. When you...