Why is the tax treatment of SRS withdrawals not changed even though locally-sourced investment income is now exempted from tax?

mof

Last updated 7mo ago

The current tax treatment of SRS withdrawals is already attractive. Only 50% of SRS withdrawals at/after retirement age are taxed. With careful planning, a retiree who is likely to have a low marginal tax rate, may end up paying little or no tax on his SRS withdrawals.

Let other citizens know if this answer was helpful

Did this answer your question?

Can’t find what you’re looking for?

Why is the tax treatment of SRS withdrawals not changed even though locally-sourced investment income is now exempted from tax?

Related Questions

Would the authorities consider waiving the tax on withdrawal completely and raising penalties for early withdrawal instead?

As savings withdrawn from SRS are subject to tax, would I not be paying a lot of tax when I retire?

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

How will my withdrawals be taxed?