SRS is a voluntary scheme operated by DBS/POSB, OCBC and UOB to encourage individuals to save for retirement, over and above their Central Provident Fund (CPF) savings. Contributors to SRS are eligible for tax relief.
SINGAPORE (Dec 17): Starting from Feb 1 next year, investors will be able use their Supplementary Retirement Scheme (SRS) funds to invest in Singapore Savings Bonds (SSB).
On the same date, the individual limit for SSB will be raised to $200,000 from $100,000 previously after taking into account both SSB purchased using cash and SRS funds.
