SRS Singapore 2025: Pay Less Tax & Grow Your Retirement Fund

Welcome back to Coffee Tea Money Talk! ☕💰

In this episode, host Estelle explains the Supplementary Retirement Scheme (SRS) — a powerful but often overlooked way to save on taxes and build wealth for retirement in Singapore.

Key Highlights:

What is SRS? How it compares to CPF (voluntary vs. mandatory).

Tax Savings: How SRS contributions reduce your income tax bill.

Contribution Limits (2025): $15,300 for Singaporeans/PRs; $35,700 for foreigners.

Getting Started: Open an account with DBS, UOB, or OCBC (just $1 needed!).

Withdrawal Rules:

Retirement age tied to when you first contribute (currently 63).

Withdrawals allowed over 10 years from your first retirement withdrawal.

50% of each withdrawal is taxable (e.g., withdraw $50k → $25k taxable).

Any balance left after 10 years will be deemed withdrawn and 50% taxed in that year.

Smart Strategy: Keep yearly withdrawals around $40,000 so only $20,000 counts as taxable income — often paying little to no tax.

Investment Options: Stocks, REITs, bonds, fixed deposits & more. Don’t leave your SRS idle.

Mistakes to Avoid: Early withdrawals (5% penalty + full taxation), poor planning, or leaving a large balance for the 10th year.

👉 If you’re a Singaporean or a foreigner working here, SRS can help you cut taxes today while preparing for tomorrow.

📌 For personalised advice, feel free to contact our experts:
Lenin: +65 9756 7189
Kieran: +65 9475 1285

🔥 Don’t forget to like, comment, and subscribe for more Singapore money insights!
Turn on the bell 🔔 so you won’t miss our weekly uploads.

#SRSSingapore #TaxSavings #RetirementPlanning #InvestingSingapore #FinancialFreedom #WealthBuilding #CPFvsSRS #MoneyTalkSG #CoffeeTeaMoneyTalk #SingaporeFinance