The SRS is a voluntary savings scheme that gives you tax relief for every dollar saved into the account. For every dollar you put in, that amount will then be taken off your total taxable income as a tax relief in the next year of assessment.
You may withdraw your SRS at age 62 onwards– up to $40,000 per year tax-free, if you have no other taxable income at that time.
As the SRS account is similar to a savings account, your money inside will be growing at the savings bank rate. To make your SRS money grow you may invest in the following:
• Bonds
• Singapore Government Securities (SGS)/ Singapore Savings Bonds (SSB)
• Fixed Deposit
• Foreign Currency Fixed Deposit
• Shares
• Single Premium Insurance
• Unit Trusts
• Discretionary managed portfolios
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In compliance with the Personal Data Protection Act, Financial Alliance Pte Ltd (“FAPL”) seek your consent to collect and use your personal data (e.g. name, NRIC, contact numbers, mailing addresses, email addresses and photograph) for the purposes of and in accordance with FAPL’s Data Protection Policy, which can be found on FAPL’s website at https://fa.com.sg/data-protection-policy/.
根据《个人数据保护法》,鑫盟理财私人有限公司征求您的同意向您收集并使用您的个人信息。鑫盟理财将根据公司的个人数据保护政策所阐述的用途使用您的个人资料(例如姓名,证件号码,联系电话,邮寄地址,电邮地址和照片)。 该政策可在本公司网站上查寻,网址为 https://fa.com.sg/data-protection-policy/.
By submitting this form, you are deemed to have read and understood FAPL’s Personal Data Policy.
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