Can a foreigner opt to leave an SRS account alone to take advantage of the 50% tax concession and not be subjected to the withdrawal penalty?

Question

Accepted Answer

Yes, she may, provided that she withdraws all funds in her SRS account at least 10 years after the date of her first SRS contribution. In addition, she should also have been a foreigner for a continuous period of at least 10 years preceding the date of withdrawal.

Can a foreigner opt to leave an SRS account alone to take advantage of the 50% tax concession and not be subjected to the withdrawal penalty?

Related questions

I am a foreigner. What happens to my SRS deposits when I leave Singapore?

If I am a foreigner and start contributing to SRS at the age of 55, am I allowed to withdraw my SRS contribution without penalties, at the age of 62?

When can I make a withdrawal from my SRS account?

I am a foreigner who no longer works and lives in Singapore and I make an SRS withdrawal. How will I be taxed?