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Glossary term

SRS

Supplementary Retirement Scheme (Singapore)

🇸🇬Singapore · YA 2027Reviewed Plain-English
Definition

What is SRS?

SRS lets Singapore residents save an extra S$15,300 (citizens/PRs) or S$35,700 (foreigners) a year into a dedicated retirement account — fully deductible from income. Withdraw after statutory retirement age; 50% of withdrawals are taxable. Tax-efficient lever for high earners who've maxed CPF.

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