Year-End Tax Saving & Investment: Is Your SRS Money Working for You?
The year is almost over—are you still letting your SRS funds just “sit there”? 😴 Actually, now is the perfect window to save on taxes with SRS contributions and optimize your investment allocation!
Why SRS is So Attractive
The Supplementary Retirement Scheme (SRS) is a voluntary retirement savings plan that helps you prepare for retirement and directly reduces your taxable income.
Singapore citizens/PRs can contribute up to SGD 15,300 per year, while foreign tax residents can contribute up to SGD 35,700 per year. Marginal tax rate at 15%? Full contribution could save you thousands in taxes 💰.
Earnings within your SRS—interest, dividends, capital gains—are completely tax-free until withdrawal, making long-term compounding highly effective.
Cash Boost Account: Make Your SRS Money Work
By linking your SRS account to a Cash Boost Account, you can put idle funds to work and flexibly choose from a variety of investment options:
Stocks: Invest in SGX-listed stocks, such as DBS, UOB, OCBC, Singtel, and other high-quality blue chips.
ETFs: Track indices, sectors, or regions to diversify your portfolio easily.
You can use your CPF or SRS funds through the Cash Boost Account on the Tiger Trade App to invest in eligible stocks and ETFs listed on the Singapore Exchange.
💬 Discussion
Which SRS investment would you choose? Blue-chip stocks, high-yield REITs, or stable bonds?
CPF vs SRS: which retirement investment tool do you prefer, and why?
What’s your best year-end strategy for using SRS to save taxes?
Leave your comments to win at least 5 tiger coins!
December is a critical period for income tax saving through SRS contributions and an important window for optimizing wealth allocation.
Now, by linking your SRS to a Cash Boost account for investment, you can:
Put your idle SRS funds to work through eligible SGX securities
Make more flexible and diversified investment choices
Grow your retirement savings
What's more, we’ve prepared a limited-time reward for you:
Complete your first Cash Boost Account trade with a trade amount of ≥ SGD 1000* to get SGD 688 stock vouchers*!
Click here to join the event: https://sg.tigermarketw.com/activity2/market/2025/contra-invitation?lang=en_US&useAnimation=true
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
In January every year, besides SRS top-up, I also top up my CPF MA and VC3A; and my parents MA/RA for the following year income tax relief.
Then in Dec, after receiving my bonus, individual performance bonus and pay increment, I will sit down and work out how much donation I need to do as to bring down my following years income tax. For the past few years, I donated a month of my pay cheque to 3 of my favourite charities. [Love you][Heart][Love]. I specifically told the organisations not to list my name on their donation board. But singapore children's society always insisted on sending me a certificate. This year I was even invited for their appreciation dinner.
@Wayneqq @1PC @MHh @melson @Michane @rL
I also like how flexible the SRS investment options are, especially with the Cash Boost Account letting idle funds go into blue-chip stocks, REITs, ETFs, or even SSBs. It feels a lot more dynamic than just leaving money parked there earning almost nothing.
I didn’t invest through SRS this year, but after reading this, I might consider setting something up next year and take advantage of the tax benefits. Year-end incentives like the stock vouchers don’t hurt either. Thanks again for putting this together!
@Tiger_SG @Tiger_comments @TigerStars
I would use SRS more as not much interests, at least CPF has more interests [Grin] [Grin] [Grin]
I hv encourage everyone to at least open a srs account and top up $1 to lock in the srs retirement withdrawal age.
with srs amount, I invest in stocks giving dividend more than 4% with hopefully capital appreciation.
with dividend received, I invest in funds with $1 minimum for higher gains.
我自己最常考虑的组合是蓝筹股搭配REITs，前者稳健、现金流强，后者适合追求股息的人。再搭配一部分ETF或机器人顾问，让资金更分散，不需要自己每天盯盘。当然，如果你风险偏好较低，SSB、债券甚至定存也都是比“放着不动”更好的选择。
说到底，12月真的就是一个提醒——如果SRS额度还没用，或者资金还没利用 Cash Boost 做投资配置，现在就是最后冲刺的时间。年底做对这一步，明年的税单、十几年后的退休，你都会感谢现在的自己。
The STI ETF mirrors Singapore's heartbeat : our local banks, our SReits and our blue chip anchors. By investing my SRS dollars here, I am not just saving for retirement. I am also planting roots in the very economy I believe will carry me forward.
SRS gives me immediate relief through tax savings but the real rewards is decades away, compounding growth, resilience and the quiet confidence that my future self will thank me.
Retirement is a marathon, not a sprint. Every dollar invested in SRS is one more step toward that finish line.
@Tiger_SG @Tiger_comments @TigerStars @TigerClub @CaptainTiger
The best choice depends on risk tolerance, investment horizon, and income goals, with Blue-Chip Stocks/ETFs for long-term growth, High-Yield REITs for stable income, and Stable Bonds/T-Bills for capital preservation, especially near retirement。。。
Central Provident Fund (CPF) offers guaranteed returns and mandatory contributions with less withdrawal flexibility, making it ideal for stable savings, while SRS provides tax relief and investment flexibility but is taxed on withdrawals before the prescribed retirement age, offering more control and tax-saving opportunities
Alignment with financial goals, risk appetite, and circumstances requires active management of SRS investments and thoughtful year-end contributions to optimize both tax savings and retirement growth
Tag :
@Huat99
@Snowwhite
CPF vs SRS: SRS is more flexible for holding public equities
Best year end strategy for SRS: best strategy for minimising tax is to reduce turnover in the portfolio
(2) CPF vs SRS: which retirement investment tool do you prefer, and why?: Unfortunately, there is no such choice to me.
(3) What’s your best year-end strategy for using SRS to save taxes?: The best in my opinion is not to keep it pending till the year end but to spread it uniformly every month. The year end bulk investment is only the next best - here one good way is to park it in SSBs or other safe fund and then use it to fund equity later on dips.
I prefer CPF for now as the compounding in SRS means that eventually I still have to pay tax at a later time because I would amass a sum larger than the tax free withdrawal amount and with my current salary, the tax savings is not significant yet. With CPF, I can withdraw without worries about paying tax and the interest from the special account can be considered as a good dividend rate, though at the expense of liquidity which is similar to SRS. The main limitation with CPF is that the amount I can top up is lesser than SRS which limits my ability to fully maximise it for tax savings.
At my current age, I would prefer to hold off SRS to avoid having to pay large sums of tax when I withdraw it. I think I would only consider it when I’m in my mid-late 40s.
股票：投資新交所上市股票，如星展銀行、大華銀行、華僑銀行、新加坡電信等優質藍籌股。
ETF：跟蹤指數、行業或地區，輕鬆實現投資組合多元化。
新加坡公民/PRs最多可貢獻每年SGD 15,300，而外國稅務居民最多可供款每年SGD 35,700.邊際稅率爲15%？全額供款可以爲您節省數千美元的稅款💰.
您的SRS中的收入（利息、股息、資本收益）是提款前完全免稅，使得長期複利非常有效。
Maybe a couple of SREITs
The big 3 SG Banks would be good options too