Srs what is

Your trust account will safely handle your assets and process all the transactions you make on the Endowus platform. SRS is a voluntary scheme to encourage individuals Singapore citizens, PRs, and foreigners working in Singapore to save for retirement with tax benefits and employer contributions. Invest your SRS with Endowus to generate potentially higher retirement savings. The money contributed has restricted use and can mainly only be used for investment purposes.

The more you contribute to SRS, the more tax savings you can get. For Cash Smart portfolios, please refer to the Cash Smart page here. To see more information on the exact portfolios at each level of risk, underlying holdings, historical returns, fees, and more, create your Endowus account for free.

The fund systematically invests in global developed countries, and is generally overweight in shares of smaller sized companies, value companies and profitable companies, the proven long-term dimensions of higher expected returns. The fund invests in emerging market large cap equities.

Within the universe of eligible companies, the Fund will have a greater exposure to companies with a smaller relative market cap, value companies, and profitable companies. A diverse, actively managed portfolio of global fixed income securities. The Fund invests primarily in a diversified portfolio of investment grade bonds denominated in major world currencies. The Income Fund is a portfolio that is actively managed and utilizes a broad range of fixed income securities that seek to produce an attractive level of income while maintaining a relatively low-risk profile, with a secondary goal of capital appreciation.

The Fund aims to maximise total returns in Singapore Dollar terms over the longer term by investing in fixed or floating rate fixed income instruments issued by sovereigns and corporates, with a view to capture expected credit and term premiums. A diverse portfolio consisting primarily of fixed income securities from issuers in, or economically tied to, emerging or developing countries.

Assets may be denominated in US dollars or local currencies. The fund is actively managed to maximise total return potential and minimise risk relative to the benchmark.

For general investing, Endowus charges an Access Fee of 0. Unlike other platforms, we do not collect kickbacks from fund managers. We are only paid by you, the client we serve.

Paying the Access Fee is seamless and transparent. We charge our Access Fee on a quarterly basis based on your daily average total assets under advice for that quarter. We will seamlessly redeem part of your SRS investment portfolio, equivalent to your fees due for the quarter. For example, when you buy the PIMCO Income Fund at a private bank or broker, you may be sold the retail share class, which has a total expense ratio of 1.

With Endowus, we access the institutional share class of the same fund, which has a total expense ratio of 0. This means you have a total cost of ownership of 0. You can register for an SRS account with any of them on their online platforms. You can fund your SRS account by internal bank transfer. Once you have have your SRS account number, you only have to link it to your Endowus account and start investing!

Invest with us. One-tier exempt dividends and distributions from unit trusts purchased with SRS funds and deposited into the SRS account are not taxed when they are credited into the SRS account. However, tax will be imposed on the amount subsequently withdrawn from the SRS account. Can I use the SRS funds to exercise the stock options issued by my company?

The Government does not restrict the exercise of stock options within SRS, provided that the following conditions are met:. The conditions listed above are also applicable for most other investments. We advise that you approach your SRS operator for more information. Can I surrender my annuity policy after my SRS account is deemed closed i.

Must the investment mature when one reaches the prescribed retirement age, i. The investment need not mature at the prescribed retirement age. An investor may purchase a single-premium endowment plan maturing at age 62, another maturing at age 63, etc. Can a customer purchase a single premium endowment policy that matures at age 65 under SRS?

What happens to the cash proceeds upon maturity? The cash proceeds upon the maturity of any investment including a single premium endowment policy would generally have to be returned to the SRS account. You should generally be able to utilise your SRS monies for investment once your SRS operator has confirmed the receipt of the monies for example after it has cleared your cheque and credited the monies to your SRS account. You may wish to check with your SRS operator on the actual time lag between making a contribution and being able to make an SRS investment.

Can I do a direct purchase of equities on the Singapore Stock Exchange or any other exchange in the world? The Government does not prohibit a person from purchasing shares listed in Singapore or any other countries.

The range of investment products on offer generally depends on product providers; we suggest you consult the financial institution which you are interested in purchasing products from if you wish to purchase a share listed on a foreign exchange. Currently, overseas investments may not be available to members. If I buy an annuity using my SRS funds, will the monthly annuity payouts be paid into my SRS account or can they be paid into my bank account directly?

OCBC Bank may have the right to terminate the Structured Deposits and return an amount in cash to you from the due settlement of the Structured Deposits before the maturity date. You may be exposed to inherent exchange rate risks and exchange controls when you place a Structured Deposit. You may wish to seek advice from a licensed of an exempt financial adviser before making a commitment to purchase this product.

In the event that you choose not to seek advice from a licensed or an exempt financial adviser, you should carefully consider whether this product is suitable for you. Visit IRAS to find out how your total tax payable is calculated. Interest payable post extension is calculated on a longer tenure, resulting in higher interest payable on the same loan amount.

If you do not have a Singpass, you can apply online with these documents. Fill application form. If you have a current or savings account with us, you can open your account instantly via Internet Banking with only a few clicks.

Why you will love this Who can apply. Why you will love this. Enjoy tax savings while saving for retirement Use your savings from SRS to invest and insure. Who can apply. Apply online. Latest update. Submit form. Features and benefits. How SRS helps you save on tax. Total annual income. Without SRS. With SRS. Calculate your tax savings.

Use our SRS savings calculator to see how much you can save on your taxes! Understanding your savings. What is your total annual income? How much are your personal reliefs? How much do you want to contribute to SRS? Here is what you will save.

Make your SRS funds work harder. Find out more. Unit Trusts Schroder Asian Income Fund Gain access to a diversified, multi-asset portfolio consisting of both Asian equities and Asian fixed income instruments. Fullerton USD Income Fund Invest in an unconstrained fixed income credit strategy and receive potential quarterly payouts.

Other financial products Structured Deposits Enjoy higher returns within a fixed lock-in period. Time Deposits Secure higher returns with fixed tenures of up to 36 months for Singapore dollars and 10 major foreign currencies.

Ways to pay. SRS contribution can be done through:. Internet Banking. Mobile Banking. Eligibility requirements. Minimum age. Documents required. Additional document.

Transaction fee for each application or redemption of Singapore Savings Bonds. Terms and conditions. Important notices.

Deposit Insurance Scheme. Locate a branch. FAQs and guides. Common questions Articles. Common questions More questions and answers. When can I withdraw my SRS funds?