Money and Me: Beat the Clock on SRS - Grow More, Tax Less
Your Money with Michelle Martin · MONEY FM 89.3
Audio is streamed directly from the publisher (traffic.omny.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
A race against time - and one that could save you real money.
As the year ends, many Singaporeans hurry to make their S$15,300 SRS contribution to cut their tax bill - but how does the scheme work
We unpack withdrawal rules, explain whether you’ll eventually pay tax, and why 1 in 5 SRS dollars sits idle earning just 0.05% interest
Should you invest your SRS instead, and how do rising statutory retirement ages affect when you can access your money?
We break down the crucial 1 July 2026 deadline to lock in the penalty-free withdrawal age of 63.
Hosted by Michelle Martin with guest Elijah Lee, Senior Financial Services Manager, Phillip Securities.
See omnystudio.com/listener for privacy information.