Supplementary Retirement Scheme (SRS)
DEFINITION
The Supplementary Retirement Scheme, or SRS, is a voluntary scheme in Singapore that complements the Central Provident Fund. Members can contribute varying amounts up to a yearly limit, and those contributions can be used to buy approved investment instruments.
ELI5
It is an extra retirement savings scheme in Singapore that people can choose to join and use for approved investments.
Other related terms
Balance Transfer
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Seller's Stamp Duty
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Additional Buyer's Stamp Duty (ABSD)
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Mortgage Equity Withdrawal Loans
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