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.)
Many in the finance industry find themselves in the same predicaments. “How can I increase my sales revenue?” is the most common question they ask. Others lament the limited choices of products they can offer their clients, struggling to offer their clients the best of what they really need. They either lose potential sales or resort to selling their clients less than suitable products from their tied agency. Many also ask themselves: I have sold many products to my clients over the years. What else is there left to offer them?
At Praxis group, my consultants and I prioritise helping people and that is why we are constantly asking ourselves: how can we benefit our clients more?
Why are we able to prioritise that? Because my consultants and I are not tied down to any insurance company and can offer their clients products from more than 20 life insurance companies.
My team focuses on financial planning and advisory work for our clients, instead of selling products. My consultants and I adopt a client-centric approach in all we do, because client-centric = client benefit = more sales. And that is what makes us special- no sales quotas to hit, no pressure to sell, because my consultants and I believe that if helping our clients is our priority, high sales revenue will just be a positive side effect. To achieve that, my consultants and I freely share comparisons of a plethora of products from more than 20 insurance companies with our clients to find tailormade solutions for them. This is why my consultants and I get satisfied clients that bring us repeat sales and countless referrals. Throughout the lifetime of our clients, their needs evolve. With the unparalleled spread of products we have to offer, my consultants and can be sure that we offer our client the best of what they need at every point in life.
I believe that teamwork is key, because quite literally, “there is success in many advisers”. With cooperation and helping one another as our core values, we help each other every day, actively answering one another’s queries and freely share how to help clients with different needs, wants and preferences. This has propelled many in Praxis Group to success, where some have even achieved multiple MDRTs!
If you want:
- an experienced mentor (36 years of industry experience)
- upskill and cultivate belief in breakthrough
- Unrivalled flexibility in products to offer your clients
- No sales quotas and pressure to sell anything and everything
- To help your clients find the BEST of EXACTLY what they need
- Helpful and inclusive working culture Praxis Group offers
- Build a good client base for the rest of your career
- Not needing to find new clients all the time
- Sit back and enjoy recurring income for the lifetime of your clients
Then connect with me on Linkedin and explore your opportunities with Praxis group today!
https://www.linkedin.com/in/francishoan/
Let us assist you with all the calculations. Ride on an exciting investment journey with us!
Singapore's largest independent financial advisory firm with more than 20 years of excellence.
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.
We have been practising as Singapore's leading independent financial advisory firm for more than two decades.
Learn MoreWe work with dozens of product providers so our consultants can bring the most comprehensive solutions to clients.
Learn MoreWe are truly independent and MAS-regulated so you always have peace of mind. Our track record speaks for itself.
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.