Invest
Don’t Let Your SRS Balance Sit Idle: 5 Investments You Can Make With it
By The Smart Investor  •  September 23, 2022
Aside from the Central Provident Fund (CPF) scheme, the government has another scheme called the Supplementary Retirement Scheme (SRS) to help boost your retirement funds. The SRS is voluntary with maximum yearly contributions capped at S$15,300 a year for Singaporeans and permanent residents. Contributions are eligible for tax relief, but the funds within the SRS account earn a paltry interest of just 0.05%. With Singapore’s core inflation hitting a 14-year high of 4.8% in July, you must take action to make your SRS funds worth the while. The good news is that the SRS funds are allowed to be invested in a variety of Singapore-listed shares that can help increase your overall returns. Here are five investments you can consider making with your SRS monies. DBS Group (SGX: D05) DBS is Singapore’s largest bank and the blue-chip lender has proven to be resilient during tough economic conditions....
Read the full article
By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance