Better to top up SRS or CPF?
Conversation in Ready for Retirement
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SRS Invested in Endowment Plan >4% pa
I was lucky to park my SRS funds (not much) in a single premium endowment plan for 15 years, yet to mature, earning more than 4% pa todate guaranteed surrender value! This will help contribute to my retirement funds as another source of income.
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SRS tax deduction is based on amount placed for the year, inclusive of what you invested for the year or only whats left in your SRS?
Assuming as of Oct 2021, your total SRS contribution for 2021 is 12K, and in Nov 1 2021 you decided to invest it in DBS Savvy 6, will your tax deduction for 2022 will be 12k or just 2k ( balance after you invested 10k)?
I understand that the amount that they eligible for tax deduction is the amount you put in a year before you tax is due. Will they count the ones you invested for that year or just the balance?
Thanks for your input..
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What is the recommended SRS withdrawal schedule to minimize tax?
There are some considerations as to when and how much we should start drawing on our SRS account - we may still have on going passive income from rental, investment, business, etc. and may incur tax. Is there any tool or advice on this matter?
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Stock with SRS, Ya or Nah
I'm thinking of casing out unit trust in my SRS and put it into market, better trading with cash or SRS?
Built a port folio with a long horizon (5-10 year) using SRS?
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