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.)
I have been a Licensed FA Rep since 2002; stayed in the practice for 2 decades and more. I help clients to review and plan their personal financial matters; provide solutions that they can understand, execute and follow throughout the journey of their lifetime achieving their financial goals and independence.
I am a senior consultant in Financial Alliance Pte Ltd (FAPL). We are one of the well established Financial Adviser (FA) firms in Singapore. We distribute and market financial instruments that include investment and insurance products and services from very renown fund managers and insurers. We transact and implement solutions via some of the most reliable and efficient platforms and services providers in Singapore.
In this ever challenging and evolving world, I strife to keep acquiring new skills and knowledge; stay abreast with what is happening in the financial markets so that my practice is always relevant; enable me to develop new tools, put together even better solutions and services for my clients.
From the business view point, I look forward to meeting like-minded clients, associates and persons with complimentary skill sets who can share their experiences, collaborate and co-work together in exploring new boundaries, taking up challenges to engage cross border projects, develop new markets, acquire new clients and experiences.
“In People’s Interest and Business to bring about financial independence”
I look forward to be of service to you and collaborate together.
My Contact & WhatsApp: +65 9389 3223 email: simonhua@fapl.sg
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.