<![CDATA[SRS]]>What do you invest for your SRS account?

]]>https://forum.kiasuparents.com/topic/19940/srsRSS for NodeSat, 25 Apr 2026 05:54:51 GMTSun, 06 Mar 2011 08:33:33 GMT60<![CDATA[Reply to SRS on Sun, 06 Nov 2022 06:34:33 GMT]]>

ngl2010\" post_id=\"1946015\" time=\"1573552093\" user_id=\"40978:

Any recommendation on investment for SRS account?
Did you find any? There’s an upcoming talk on SRS ( posted above).

]]>https://forum.kiasuparents.com/post/2088059https://forum.kiasuparents.com/post/2088059Sun, 06 Nov 2022 06:34:33 GMT<![CDATA[Reply to SRS on Sun, 06 Nov 2022 05:53:11 GMT]]>SRS Webinar: How to Save on Taxes, Multiply Your Savings and Beat Inflation

https://www.eventbrite.sg/e/srs-webinar-how-to-save-on-taxes-multiply-your-savings-and-beat-inflation-tickets-440773644837

]]>https://forum.kiasuparents.com/post/2088056https://forum.kiasuparents.com/post/2088056Sun, 06 Nov 2022 05:53:11 GMT<![CDATA[Reply to SRS on Tue, 03 Dec 2019 10:29:42 GMT]]>Hi there various things that you can put the amount you have in SRS into. It can be investments or endowment plans. If you want a stable growth, it would be endowment plans.

]]>https://forum.kiasuparents.com/post/1951278https://forum.kiasuparents.com/post/1951278Tue, 03 Dec 2019 10:29:42 GMT<![CDATA[Reply to SRS on Tue, 12 Nov 2019 09:48:13 GMT]]>Any recommendation on investment for SRS account?

]]>https://forum.kiasuparents.com/post/1946015https://forum.kiasuparents.com/post/1946015Tue, 12 Nov 2019 09:48:13 GMT<![CDATA[Reply to SRS on Sun, 14 Jul 2019 01:52:56 GMT]]>

HVR\" post_id=\"1822585\" time=\"1512906389\" user_id=\"32808:

HVR:

Have been reading up on SRS of late. Many interesting and differing views and as expected, some said SRS is good and some said no.

If i contribute around 10k, i can save close to 1k per year on tax and I will save more than 10k by the time I retire. My SRS saving will also have more than 100k by then. I am risk averse and I think 1k return for every 10k is a cool 10% and it's a good deal.

Finally decided to go for it. Just opened the account last month and deposited the cheque last week!

How time flies! It has been 5 years since I embark on the SRS journey. I have been contributing faithfully to the maximum allowable limit every year. Not it is even easier as we can contribute to SRS using internet fund transfer. I have also been using the fund to invest it myself in the SGX equities market. My wife has followed suit shortly after I told her to open SRS account as well. Since then, in the short 5 years (4 years for her), we have saved slightly more than 10k in taxes alone. We have been blessed too in our investment choices and suffice to say we are happy with the returns.

We do not mind if we have to pay a bit of taxes if we manage to accumulate such amount that it will attracts tax at the time of our SRS withdrawal. In any case, first 400K is virtually tax free if we withdraw it over 10 years since only 50% is taxable. Even if one manages to accumulate 800k, one can withdraw it over 10 years at 80k per year and of which, 40k is taxable and the amount payable is $550 based on today's tax rate. Given time value of money, inflation and what's not, to pay $550 at a much later time is something acceptable. I would be extremely proud also to be able to continue contribute to the society by paying taxes at grand old age of 72!

I was planning on targeting 400k, withdrawing only 40k per year. Can you share why your target is 800k instead of 400k (0 tax)? Hope to expand my knowledge. Thks.

]]>https://forum.kiasuparents.com/post/1919515https://forum.kiasuparents.com/post/1919515Sun, 14 Jul 2019 01:52:56 GMT<![CDATA[Reply to SRS on Fri, 12 Jul 2019 01:51:31 GMT]]>Any recommendation on single premium plans using SRS, pls?

Thank you.

]]>https://forum.kiasuparents.com/post/1919129https://forum.kiasuparents.com/post/1919129Fri, 12 Jul 2019 01:51:31 GMT<![CDATA[Reply to SRS on Wed, 11 Apr 2018 04:50:47 GMT]]>Thanks for sharing. it is another option for SRS and I will read it up. Personally, once my SRS hit 400k, I intend to use the fund to buy Reits for stable 5-6% annual dividends. Based on rule of 72, in roughly 12 to 14 years I should double the amount to 800k if I reinvest all dividends religiously and the Reits did not suffer any capital loss.

]]>https://forum.kiasuparents.com/post/1842416https://forum.kiasuparents.com/post/1842416Wed, 11 Apr 2018 04:50:47 GMT<![CDATA[Reply to SRS on Tue, 10 Apr 2018 23:33:44 GMT]]>3 Reasons To Use Your SRS For Annuities

https://secure.fundsupermart.com/fsm/insurance/insurance-article/163/?locale=en_us

From the above link:
Available SRS Approved Policies:
Manulife - RetireReady (Single Premium only)
NTUC Income - Guaranteed Life Annuity
Tokio Marine - TM Retirement SP

]]>https://forum.kiasuparents.com/post/1842329https://forum.kiasuparents.com/post/1842329Tue, 10 Apr 2018 23:33:44 GMT<![CDATA[Reply to SRS on Mon, 09 Apr 2018 01:34:55 GMT]]>

HVR:
Jennifer:

[quote=\"HVR\"]
How time flies! It has been 5 years since I embark on the SRS journey. I have been contributing faithfully to the maximum allowable limit every year. Not it is even easier as we can contribute to SRS using internet fund transfer. I have also been using the fund to invest it myself in the SGX equities market. My wife has followed suit shortly after I told her to open SRS account as well. Since then, in the short 5 years (4 years for her), we have saved slightly more than 10k in taxes alone. We have been blessed too in our investment choices and suffice to say we are happy with the returns.

We do not mind if we have to pay a bit of taxes if we manage to accumulate such amount that it will attracts tax at the time of our SRS withdrawal. In any case, first 400K is virtually tax free if we withdraw it over 10 years since only 50% is taxable. Even if one manages to accumulate 800k, one can withdraw it over 10 years at 80k per year and of which, 40k is taxable and the amount payable is $550 based on today's tax rate. Given time value of money, inflation and what's not, to pay $550 at a much later time is something acceptable. I would be extremely proud also to be able to continue contribute to the society by paying taxes at grand old age of 72!

Is there a restriction on what shares can be bought using the SRS funds?

Investment wise, SRS is just like cash, you can invest in almost everything except on property and some unit trusts. I am focus on shares and as far as SGX is concern, there is no restrictions. CPF there is restrictions and only can use to buy mainboard listed shares.[/quote]HVR,

:thankyou: for your reply.

]]>https://forum.kiasuparents.com/post/1842096https://forum.kiasuparents.com/post/1842096Mon, 09 Apr 2018 01:34:55 GMT<![CDATA[Reply to SRS on Mon, 09 Apr 2018 01:27:27 GMT]]>

Jennifer:
HVR:

[quote=\"HVR\"]Have been reading up on SRS of late. Many interesting and differing views and as expected, some said SRS is good and some said no.


If i contribute around 10k, i can save close to 1k per year on tax and I will save more than 10k by the time I retire. My SRS saving will also have more than 100k by then. I am risk averse and I think 1k return for every 10k is a cool 10% and it's a good deal.

Finally decided to go for it. Just opened the account last month and deposited the cheque last week!

How time flies! It has been 5 years since I embark on the SRS journey. I have been contributing faithfully to the maximum allowable limit every year. Not it is even easier as we can contribute to SRS using internet fund transfer. I have also been using the fund to invest it myself in the SGX equities market. My wife has followed suit shortly after I told her to open SRS account as well. Since then, in the short 5 years (4 years for her), we have saved slightly more than 10k in taxes alone. We have been blessed too in our investment choices and suffice to say we are happy with the returns.

We do not mind if we have to pay a bit of taxes if we manage to accumulate such amount that it will attracts tax at the time of our SRS withdrawal. In any case, first 400K is virtually tax free if we withdraw it over 10 years since only 50% is taxable. Even if one manages to accumulate 800k, one can withdraw it over 10 years at 80k per year and of which, 40k is taxable and the amount payable is $550 based on today's tax rate. Given time value of money, inflation and what's not, to pay $550 at a much later time is something acceptable. I would be extremely proud also to be able to continue contribute to the society by paying taxes at grand old age of 72!

Is there a restriction on what shares can be bought using the SRS funds?[/quote]Investment wise, SRS is just like cash, you can invest in almost everything except on property and some unit trusts. I am focus on shares and as far as SGX is concern, there is no restrictions. CPF there is restrictions and only can use to buy mainboard listed shares.

]]>https://forum.kiasuparents.com/post/1842095https://forum.kiasuparents.com/post/1842095Mon, 09 Apr 2018 01:27:27 GMT<![CDATA[Reply to SRS on Sun, 08 Apr 2018 09:55:21 GMT]]>

HVR:
HVR:

Have been reading up on SRS of late. Many interesting and differing views and as expected, some said SRS is good and some said no.


If i contribute around 10k, i can save close to 1k per year on tax and I will save more than 10k by the time I retire. My SRS saving will also have more than 100k by then. I am risk averse and I think 1k return for every 10k is a cool 10% and it's a good deal.

Finally decided to go for it. Just opened the account last month and deposited the cheque last week!

How time flies! It has been 5 years since I embark on the SRS journey. I have been contributing faithfully to the maximum allowable limit every year. Not it is even easier as we can contribute to SRS using internet fund transfer. I have also been using the fund to invest it myself in the SGX equities market. My wife has followed suit shortly after I told her to open SRS account as well. Since then, in the short 5 years (4 years for her), we have saved slightly more than 10k in taxes alone. We have been blessed too in our investment choices and suffice to say we are happy with the returns.

We do not mind if we have to pay a bit of taxes if we manage to accumulate such amount that it will attracts tax at the time of our SRS withdrawal. In any case, first 400K is virtually tax free if we withdraw it over 10 years since only 50% is taxable. Even if one manages to accumulate 800k, one can withdraw it over 10 years at 80k per year and of which, 40k is taxable and the amount payable is $550 based on today's tax rate. Given time value of money, inflation and what's not, to pay $550 at a much later time is something acceptable. I would be extremely proud also to be able to continue contribute to the society by paying taxes at grand old age of 72!

Is there a restriction on what shares can be bought using the SRS funds?

]]>https://forum.kiasuparents.com/post/1842056https://forum.kiasuparents.com/post/1842056Sun, 08 Apr 2018 09:55:21 GMT<![CDATA[Reply to SRS on Sun, 10 Dec 2017 11:46:29 GMT]]>

HVR:
Have been reading up on SRS of late. Many interesting and differing views and as expected, some said SRS is good and some said no.


If i contribute around 10k, i can save close to 1k per year on tax and I will save more than 10k by the time I retire. My SRS saving will also have more than 100k by then. I am risk averse and I think 1k return for every 10k is a cool 10% and it's a good deal.

Finally decided to go for it. Just opened the account last month and deposited the cheque last week!
How time flies! It has been 5 years since I embark on the SRS journey. I have been contributing faithfully to the maximum allowable limit every year. Not it is even easier as we can contribute to SRS using internet fund transfer. I have also been using the fund to invest it myself in the SGX equities market. My wife has followed suit shortly after I told her to open SRS account as well. Since then, in the short 5 years (4 years for her), we have saved slightly more than 10k in taxes alone. We have been blessed too in our investment choices and suffice to say we are happy with the returns.

We do not mind if we have to pay a bit of taxes if we manage to accumulate such amount that it will attracts tax at the time of our SRS withdrawal. In any case, first 400K is virtually tax free if we withdraw it over 10 years since only 50% is taxable. Even if one manages to accumulate 800k, one can withdraw it over 10 years at 80k per year and of which, 40k is taxable and the amount payable is $550 based on today's tax rate. Given time value of money, inflation and what's not, to pay $550 at a much later time is something acceptable. I would be extremely proud also to be able to continue contribute to the society by paying taxes at grand old age of 72!

]]>https://forum.kiasuparents.com/post/1822585https://forum.kiasuparents.com/post/1822585Sun, 10 Dec 2017 11:46:29 GMT<![CDATA[Reply to SRS on Sun, 10 Dec 2017 11:23:17 GMT]]>https://www.linkedin.com/pulse/taxman-kungfu-lee-lit-hun


For those who feel that using cash to invest is better than SRS due to the perceived 'capital gain tax' that SRS would attracts.

]]>https://forum.kiasuparents.com/post/1822582https://forum.kiasuparents.com/post/1822582Sun, 10 Dec 2017 11:23:17 GMT<![CDATA[Reply to SRS on Sun, 10 Dec 2017 10:27:59 GMT]]>Recently there are articles on how our society will comprises of more seniors than junior. It seems that we can’t afford to rely on our juniors when we are old. Or rather, the burden on our juniors will be extremely heavy as we do not have enough juniors to share the load. Many people are not married nowadays and it does not help too with the various modern lifestyles such as DINK, same sex marriage, LGBT, pink dot etc as all these lifestyles would not produce any offspring except maybe bisexual. Many families these days also comprises pets instead of kids.


Whatever juniors that we do have, they will be heavily taxed to fund the care of the seniors such as healthcare and medical cost. In fact healthcare cost alone is the killer. If we are lucky, our healthcare needs in old age will entails us a visit to nearby clinic once in a while and stop there. However, it is more likely that we will end up in hospital. Ask and see around, how many that we know didn’t spend a few days or on few occasions in a hospital before passing on? Only a few blessed one will pass on without much ordeal. Besides medical, we also need accommodation for all seniors and even hospice care. Who is going to fund all these costs? A lot of individuals can’t and we have compulsory medical insurance in the form of medishield but there again, money to pay the insurers come from where? Yes, from our working and dwindling juniors so each juniors have to pay more tax. More so if our reserves that use to invest through the 3 vehicles doesn’t generate enough returns. As it is, 50% of the expected real returns from these 3 vehicles already been use to fund the overall budget.

The concern is real and the situation is grim. However, as with any given society, certain members would not plan for their own sakes and when they are old, it will be the society that have to look after them. Who will be the society? Our juniors and our juniors alone as we also don’t welcome immigrant, do we?

Therefore, I want to be financial independent in my old age. I don’t wish to burden our juniors. In fact, I have been telling my own juniors that they have to plan for their old age when they start working. With the increasing reality of higher taxes, my advice to juniors is to find way to reduce their tax burdens such as CPF and SRS schemes. Also to invest as capital gains and dividends are generally tax exempted. Take care of themselves first and if everyone take care of themselves, the society will be taken care of by itself.

The top 11.5% of tax payers are shouldering/paying 80% of the taxes but nothing would make a difference to the top 7-8% as they are simply too rich. The remaining 4-5% of the top 11.5% are paying taxes but are unlikely to qualify for any kind of subsidies perhaps other than education and to certain degree, medical. SRS is what we can capitalise on and even if we don’t use the money to invest, we can have absolute amount of rebate based on our contribution. The point I want to make is, if you don’t qualify for slew of govt subsidies such as CHAS, workfare, utility rebates, GST voucher etc and paying taxes, you owe it to yourself to find way and mean to reduce your taxes legally. SRS is one of the ways.

]]>https://forum.kiasuparents.com/post/1822575https://forum.kiasuparents.com/post/1822575Sun, 10 Dec 2017 10:27:59 GMT<![CDATA[Reply to SRS on Sun, 05 Nov 2017 03:19:16 GMT]]>

ngl2010:
Anybody know why the SRS cap is $15,300 a year for Singaporeans and $35,700 for foreigners?

15% of $102000 = $15300

http://www.mof.gov.sg/Portals/0/mof%20for/individuals/srs/SRS_Booklet%20-%20Dec%202016.pdf

]]>https://forum.kiasuparents.com/post/1813775https://forum.kiasuparents.com/post/1813775Sun, 05 Nov 2017 03:19:16 GMT<![CDATA[Reply to SRS on Sun, 05 Nov 2017 03:03:09 GMT]]>Anybody know why the SRS cap is $15,300 a year for Singaporeans and $35,700 for foreigners?

]]>https://forum.kiasuparents.com/post/1813769https://forum.kiasuparents.com/post/1813769Sun, 05 Nov 2017 03:03:09 GMT<![CDATA[Reply to SRS on Sun, 05 Nov 2017 00:50:57 GMT]]>Stretching your dollar with SRS

http://www.straitstimes.com/singapore/stretching-your-dollar-with-srs

]]>https://forum.kiasuparents.com/post/1813744https://forum.kiasuparents.com/post/1813744Sun, 05 Nov 2017 00:50:57 GMT<![CDATA[Reply to SRS on Mon, 13 Mar 2017 00:28:51 GMT]]>lee_yl

I have yet to buy any annuity using SRS
I use my SRS mainly on endowment plans that would mature around age 61 or 62.

]]>https://forum.kiasuparents.com/post/1760536https://forum.kiasuparents.com/post/1760536Mon, 13 Mar 2017 00:28:51 GMT<![CDATA[Reply to SRS on Sun, 12 Mar 2017 06:03:35 GMT]]>

starlight1968sg:
TheAnswer:

[quote=\"starlight1968sg\"]I think of SRS as forced savings for retirement while help lowering income tax


I top up SRS yearly so that no need to pay so much taxes. Now also looking for suitable things to invest in.

There is a cap in the tax relief
I don't calculate how much to contribute to SRS so that I can go to the lower tax bracket. I contribute full each year too
I take it as I will have 1k each mth to use from SRS when I retire[/quote]You bought an annuity plan?

DH plans to get the SRS money out over a span of 10 years from 62-72. He mainly invests in ETF & blue chips for the steady dividends and capital appreciation.

]]>https://forum.kiasuparents.com/post/1760425https://forum.kiasuparents.com/post/1760425Sun, 12 Mar 2017 06:03:35 GMT<![CDATA[Reply to SRS on Sun, 12 Mar 2017 04:08:51 GMT]]>

TheAnswer:
starlight1968sg:

I think of SRS as forced savings for retirement while help lowering income tax


I top up SRS yearly so that no need to pay so much taxes. Now also looking for suitable things to invest in.

There is a cap in the tax relief
I don't calculate how much to contribute to SRS so that I can go to the lower tax bracket. I contribute full each year too
I take it as I will have 1k each mth to use from SRS when I retire

]]>https://forum.kiasuparents.com/post/1760404https://forum.kiasuparents.com/post/1760404Sun, 12 Mar 2017 04:08:51 GMT<![CDATA[Reply to SRS on Sun, 12 Mar 2017 01:55:52 GMT]]>

starlight1968sg:
I think of SRS as forced savings for retirement while help lowering income tax

I top up SRS yearly so that no need to pay so much taxes. Now also looking for suitable things to invest in.

]]>https://forum.kiasuparents.com/post/1760377https://forum.kiasuparents.com/post/1760377Sun, 12 Mar 2017 01:55:52 GMT<![CDATA[Reply to SRS on Sun, 12 Mar 2017 01:38:29 GMT]]>I think of SRS as forced savings for retirement while help lowering income tax

]]>https://forum.kiasuparents.com/post/1760374https://forum.kiasuparents.com/post/1760374Sun, 12 Mar 2017 01:38:29 GMT<![CDATA[Reply to SRS on Tue, 12 Jul 2016 23:52:51 GMT]]>An informative article:

http://heartlandboy.com/srs-account-boo ... -planning/

]]>https://forum.kiasuparents.com/post/1698084https://forum.kiasuparents.com/post/1698084Tue, 12 Jul 2016 23:52:51 GMT<![CDATA[Reply to SRS on Sat, 23 Jan 2016 07:10:35 GMT]]>2016 started with a shaky start, so if anyone ask for my recommendation, certain companies stocks (SIA), bonds/ cash markets or dividend paying funds might be a good choice to switch to. (provided you have free fund switching)

]]>https://forum.kiasuparents.com/post/1632868https://forum.kiasuparents.com/post/1632868Sat, 23 Jan 2016 07:10:35 GMT