Is there an age limit for contributions to the SRS?

With effect from 1 October 2008, there will no longer be an age ceiling for contributions to the SRS.

You will be able to contribute to the SRS up to any age, until the point where you make the first withdrawal from the SRS:

(i) at or after the prevailing statutory retirement age that was prevailing when you made your first SRS contribution, or;

(ii) on medical grounds.

The date on which SRS participants withdraw their SRS savings is also the date new contributions will stop. Otherwise, there will be ''round-tripping'' simply for the purpose of gaining the tax benefits without subjecting the contributions to the investment risks which justify the 50% tax concession on sums withdrawn.