How to max out tax savings via SRS
Add BT as a preferred sourceA MONTH ago, we wrote about the Supplementary Retirement Scheme (SRS), a tax-deferred retirement savings scheme that Singapore workers can contribute to in order to save taxes.
One concern we raised was how one could have too much accumulated in the SRS through savvy investing, such that one would be forced to pay an implicit capital gains tax on large sums accumulated.
We concluded then that any such tax is likely to be relatively small as a proportion of the sum withdrawn, because of the scheme's features.
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