Supplementary Retirement Scheme, or SRS for short, was introduced in 2001 and it is part of the Singapore Government’s multi-pronged strategy to address the financial needs of a greying population. It is a voluntary scheme that complements the Central Provident Fund (CPF). Thus, the SRS forms part of the basic make-up of our portfolio multiverse structure, along with the CPF and investment portfolio using disposable income. Besides saving for retirement, the monies that go into the SRS account are eligible for tax relief, so there may be some tax savings depending on the total relief amount and income bracket of the individual. The contribution limit for Singapore Citizens and Permanent Residents is SGD 15,300 and SGD 35,700 for foreigners per calendar year, and that means the deadline for the contribution is on or before 31 December. Picture generated by Meta AI Should I Open An SRS Account? Before jumping into the how of investing in one’s  ...