If you had topped up your Supplementary Retirement Scheme (SRS) at any point before to reduce your income taxes, you should note that your funds only earn measly 0.05% p.a. interest. With elevated inflation levels today, avoid losing the value of your retirement funds by investing them instead. Here’s how. It is crazy to think that while banks have raised their interest rates over the last 2 years to keep up with the Fed hikes and retain deposits, none of that applies to our SRS account, which still earns a miserable 0.05% p.a. Good for the banks, I suppose, but terrible for us. And that’s why I don’t just keep my funds idle in my SRS account. But it was shocking to learn that 1 in 5 Singaporeans do that, and whether this is due to ignorance or pure laziness is anybody’s guess. As a taxpayer in Singapore, the SRS is a great way to legitimately reduce one’s income taxes payable…capped at a limit of $15,300 per year....