As the tax year is drawing to a close, open a Supplementary Retirement Scheme (SRS) Account and make a top up by 31 December 2025 to enjoy dollar-for-dollar tax relief up to your contribution cap. Foreigners can declare their foreigner status online to benefit from a higher contribution limit of S$35,700. Learn more about maximising your SRS benefits and foreigner declaration here.
What’s more, the retirement age in Singapore will be raised from 63 to 64 years old on 1 July 2026. By opening your SRS Account and making your first contribution today, you can lock in your current SRS retirement age, ensuring penalty-free withdrawals at an earlier stage. Best part? From now till 30 November 2025, get up to S$60 Cash when you open a DBS SRS Account & make a voluntary contribution.
Step
Action
Cash Gift1
Open a new SRS Account and contribute a minimum of S$10,000 via digibank
S$50
Declare your foreigner declaration online via digibot
S$10
S$60
1 Available to the first 800 Qualified Customers. Terms and Conditions apply.
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This advertisement has not been reviewed by the Monetary Authority of Singapore.
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