Ever heard of Singapore’s Supplementary Retirement Scheme (SRS)? In short, this scheme helps you build your nest egg by providing significant tax relief and investment options. Here’s why starting an SRS account could be one of the smartest financial moves you can make. What is SRS? The SRS is a voluntary scheme aimed at encouraging people to add to their retirement fund, on top of the Central Provident Fund (CPF) scheme, while enjoying additional tax relief. Managed by the Inland Revenue Authority of Singapore (IRAS), the SRS allows individuals to contribute a certain amount annually to their SRS account, which can then be invested in a range of financial instruments such as stocks, bonds, and unit trusts. Singapore Citizens, Singapore Permanent Residents (SPRs) and foreigners with any form of income are eligible to make SRS contributions in the present year. Additionally, your employer can also use part of your remuneration to contribute to your SRS account. Since...