Save on your income taxes
How SRS gets you tax savings
Annual tax relief contributions capped at $15,300 SGD for Singaporeans and PRs, and $35,700 SGD for foreigners.
Annual tax relief contributions capped at $15,300 SGD for Singaporeans and PRs, and $35,700 SGD for foreigners.
SRS investment options:
Make your money work harder
Endowus
Cash Smart
Short-term and low-risk options to earn higher yields
- Grow your savings beyond the meagre 0.05% p.a in SRS bank account
- Invest with a peace of mind with low risk money market and short duration bond funds
Endowus
Flagship
Endowus
Fund Smart
Invest in SRS funds at a low cost
- Amundi Prime USA Fund
- Dimensional Global Core Equity Fund
- PIMCO GIS Global Bond Fund
Start investing your SRS with Endowus (4 simple steps)
Endowus is trusted with over $2 billion of SRS savings
Chief Executive Officer
Endowus
We are thankful to our clients who have entrusted us with their life savings, over $2 billion in SRS savings, to be precise.
Join us on our journey, as we seek to help you achieve better investing outcomes. We are confident we can get there together.
Chief Executive Officer
Endowus
Learn more about SRS
Your guide to the Supplementary Retirement Scheme
SRS account and compounding: Grow your nest egg
Best SRS investment options available
Frequently asked questions about the SRS account
SRS is a voluntary scheme to encourage individuals (Singapore citizens, PRs, and foreigners working in Singapore) to save for retirement with tax benefits and employer contributions. Invest your SRS with Endowus to generate potentially higher retirement savings.
Dollar for dollar tax savings
For every dollar that you contribute, your taxable income is reduced, subject to the personal income tax relief cap of $80,000. The money contributed has restricted use and can mainly only be used for investment purposes.
Annual contribution cap
There is an SRS annual contribution cap of $15,300 per annum for Singapore citizens and SPRs, and $35,700 for foreigners.
Example of tax savings
The more you contribute to SRS, the more tax savings you can get. Here’s an illustration of how much tax you can save as a Singapore citizen or PR:
- Annual income: S$100,000
- Personal reliefs (CPF, qualifying child, etc.): -S$36,000
- SRS contribution: -S$15,300
- Chargeable income: S$51,300
- Taxes due with SRS contribution: S$1,159
- (Taxes due if no SRS contribution: S$2,230)
Annual tax potentially reduced by 48% with SRS contribution
For general investing, Endowus Flagship Portfolios are composed of global equities and fixed income funds managed by best-in-class fund managers such as PIMCO, Dimensional, and Amundi. For Cash Smart portfolios, please refer to the Cash Smart page here.
Unlike other fund platforms, financial advisors, brokers, banks or distributors, Endowus accesses the institutional share-class of funds that have lower fees, never charges a sales fee, and rebates 100% of trailer fees so you keep more of your returns.
To see more information on the exact portfolios at each level of risk, underlying holdings, historical returns, fees, and more, create your Endowus account for free.
1) Simply log in to your Endowus account,
2) Go to "Invest | Redeem"
3a) "Add new goal" and select "Invest my SRS", or
3b) select an existing goal, and "add my SRS to this goal".
If you do not see SRS as an investment option, you need to link your SRS account here.
You can open an SRS account if you are:
- A Singaporean, Permanent Resident (PRs) or foreigner working in Singapore
- At least 18 years old
- Not an undischarged bankrupt
There are three SRS operators (UOB, DBS & OCBC). You can register for an SRS account with any of them on their online platforms. You can fund your SRS account by internal bank transfer.
Once you have have your SRS account number, you only have to link it to your Endowus account and start investing!
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