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.)
Thank you for stopping by my page. It is an honour to get to know you and introduce myself. Born and raised in Singapore, I have lived half of my life overseas and subsequently obtained a legal background in Norwegian law. Upon relocation to Singapore, I quickly saw the obvious differences in which the financial industry operates locally, especially in the areas of estate and wealth planning including health, education, insurance and investment tools.
All thanks to my entrepreneurial grandmother during my growing up years, I was well-provided for in a financially comfortable environment. Little did I expect that down the path of life's road, owing to circumstances beyond my control, I would experience financial hardships which I never thought was possible. Since then, my interest in the financial industry was piqued as I experienced first-hand how a rainy day wasn't all doom and gloom - a beautiful rainbow can appear in the midst of it. It solidified the belief within me that a lot can be achieved as long as we protect ourselves against certain inevitable elements in life through comprehensive planning.
I speak English, Mandarin, Hokkien and Norwegian fluently. Besides handling life insurance and investment for individuals, I am particularly interested in marine, property, employee benefits and work injury compensation insurances. My specialties also include will writing and set up of trust for clients as part of a holistic approach to wealth, estate and succession planning. I believe in putting the interests of my clients at the centre of focus so that together, we can achieve the desired objectives and goals for their future.
Please feel free to contact me today for a no-obligation chat about your financial dream for yourself and your loved ones, or your company and employees!
Wishing you the best,
Laurel Felicia
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.
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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.