Glossary
SRS (Supplementary Retirement Scheme)
A voluntary Singapore retirement scheme with tax relief on contributions, up to $15,300 for citizens/PRs.
Unlike CPF, SRS is entirely voluntary — you open an account and contribute at your own pace. Contributions are deductible from chargeable income, making it one of the few reliefs a taxpayer can actively choose to maximize before year-end.
See Singapore tax in action
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