CPF SA vs SRS: Which is better? (Amended)

LAST week, we discussed why the irreversible process of transferring Central Provident Fund (CPF) Ordinary Account (OA) monies to the Special Account (SA) might not be that good a deal.

For most people in their 30s and up, the gains from additional interest in the SA are arguably outweighed by how you cannot deploy those OA savings for property. To build up CPF SA monies, an alternative way is to top it up with fresh cash while enjoying tax savings.

Today, we explore a separate retirement savings method called the Supplementary Retirement Scheme (SRS).

We have written on the scheme in the past two years ("Not just Some Retirement Scheme", "How Supplementary …