Are Your SRS Savings Sitting Idle and Losing Value against Inflation?
Optimise your SRS savings through long term investments to maximize returns for your retirement needs.
Optimise your SRS savings through long term investments to maximize returns for your retirement needs.
SRS is a voluntary scheme to encourage individuals to save for retirement, over and above their CPF savings.
SRS contributions are made over and above CPF contributions, and enjoy tax relief as well.
You can grow your SRS funds exponentially through long term investments, which could better increase your investment value to give you a more comfortable retirement.
But are Your SRS Savings Sitting Idle?
Are you losing out on opportunity cost?
By saving your hard-earned money in SRS without investing, you may potentially lose out $365,091 over the long run. Talk to your consultant to customize an SRS plan for you.
Depending on your objectives, there are multiple financial solutions to invest your SRS savings
20 approved products from 6 insurers
We have more than 1400 solutions, to suit your every needs
With over hundreds of financial solutions from 70 asset management companies and 6 insurance companies, we can help you to narrow down the options and optimise your SRS savings to suit your needs best.
(All information on investment and insurance products are correct as of 1 October 2023.)
Asyraf is currently active in the financial industry. He is from Financial Alliance managing investment and insurance portfolios.
Formerly a frontline section commander from SCDF during his NS days. He developed a sense of nobility after responding to numerous real life incidents. This was the triggering point as he kept asking what happened to the patient as well as their dependents once he/she was saved or even can’t be saved. What is the next step?
He believes that while pursuing for financial security in exchange for peace and fulfilment can be achieved without one needing to to work till die.
In reality however, he helps his clients sleep well at night, knowing they’re financially ready for anything life throws at them. These days instead of putting out physical fires , Asyraf is helping clients to avoid or putting out financial fire in their lives. His passion is help them achieve their “FIRE” ( Financial Independence, Retire Early)
Firmly committed to financial growth and security, Asyraf offers an uncompromising standard of financial advice.
He strongly believes that financial literacy is a critical life skill no matter how cash rich you are or how many types of multiple income you can generate.
Though just reached a quarter of the millennia. He slowly assumes the role as a breadwinner to his dad. Although he comes from a different angle to understand the struggle everyone goes through, with the financial challenges everyone faces! He believes the 2 cents may play a huge role to be the deciding factor in providing assurance to the people from being financially-challenged to become financially secure no matter which life stage the client is at.
An adrenaline junkie as well as an avid fitness freak. He seems to gain satisfaction through sweating it out as after all health is wealth.
“The greatest wealth is health, that is why it is first”
CLICK HERE: https://aman-amanah.com/
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Financial Alliance is a leader in providing wealth advisory services to individuals and corporates alike, including private wealth advisory, Islamic wealth advisory and fee-based advisory.
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Learn MoreThe Supplementary Retirement Scheme (SRS) is a voluntary scheme to encourage individuals to save for retirement, over and above their CPF savings. Contributions to SRS are eligible for tax relief. Investment returns are tax-free before withdrawal and only 50% of the withdrawals from SRS are taxable at retirement.
Any Singapore Citizens, Singapore Permanent Residents (SPRs) and foreigners who is a Singapore Tax Resident may make SRS contributions in the current year.
The annual contribution limit for SRS is $15,300 for Singapore Citizens/Permanent Residents and $35,700 for foreigners.
You will be allowed SRS tax relief in the Year of Assessment following the year of contribution, provided you are a tax resident for that Year of Assessment. However, a personal income tax relief cap of $80,000 applies to the total amount of all tax reliefs claimed (including relief on SRS contributions).
You will not be allowed SRS tax relief if:
Your SRS account is suspended as at 31 Dec of the year of contribution; or
The amount of such contribution is withdrawn from your SRS account in the same year of contribution.
You are able to make a wide variety of investments, including shares, insurance, bonds, unit trusts and fixed deposits. Let us help you find the best investment vehicle that suit your needs.