Tips to grow our SRS nest egg
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MAKING sure we have enough money for a comfortable retirement, which gives us the freedom to do things we would like, is surely a top investment goal.
While one may invest with cash, the Supplementary Retirement Scheme (SRS) is an effective way to grow our retirement nest egg.
In addition to asset accumulation, transferring cash into the SRS also helps us to save on our income taxes. For Singaporeans and permanent residents (PRs), the maximum that can be transferred annually into the SRS is S$15,300. This was last increased in 2016.
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