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.)
Do you have trust issues that investment products may be haram?
Do you need thorough explanation on Islamic principles on insurance and investment products?
And,
Are you concerned that you have not prepared your retirement plan?
If you have any of the above concerns, I would love to assist and work with you!
Hello and Peace be upon you!
I am Surina and I am a shariah wealth advisor. I am a former MOE teacher for 12 years before finally joining this industry of financial advisory. What I appreciate most being in this field is that; I get to part of my clients' journey to financial stability and independance. With the financial products and services I provide, it heartens me to see my clients' savings grow and grow, in line with their future goals.
Why you should invest??
I still remember that a set of roti prata used to cost 80 cents when I was young but is now $2.20. That's inflation at play and everything will increase in price as time passes by. The time value of money states that purchasing power of money changes with the passage of time. So in spending your money, you face INFLATION, on the other hand when you save your money, you may gain a little bit of INTEREST (Riba), which will not keep up with the ever-rising inflation rate. Ultimately, this is the reason why you need to invest your savings so that it will not lose value due to inflation!
Plus, if you are a Muslim, savings are zakatable hence you must be savvy to ensure that your investment returns are high enough to enable your savings to pay off zakat and still brings in profits (identifying funds with higher potential return rates).
Want to find out about these shariah compliant investments??
Come, let's have a kopi session soon ya! Click on the Contact button and I will reply to you the soonest I can!!
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.