What is SRS? I do not have a SRS account. How do I open a SRS account?
- The Supplementary Retirement Scheme is a voluntary scheme to encourage individuals to save for retirement, over and above their CPF savings. Contributions to SRS are eligible for tax relief. For more information on SRS, please refer to the Ministry of Finance’s website (https://www.mof.gov.sg/schemes/Individuals/Supplementary-Retirement-Scheme ).
- You may also visit the websites of the SRS Operators (i.e. DBS/POSB, OCBC and UOB) for information on how to open a SRS account.
This information is sourced from MAS
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