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?

mof

Last updated 1y ago

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.

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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?

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