Using srs buy shares
The Supplementary Retirement Scheme SRS is a voluntary savings programme that lets you save on taxes, make investments to grow your retirement savings, and provides you with the flexibility to make withdrawals if needed. The above is for illustration purposes only. This cap applies to the total amount of all tax reliefs claimed, including any relief on SRS contributions. Investing your SRS funds is a great way to further grow your retirement savings. You can choose from a wide range of financial products including:.
The current interest rate on balances in the SRS Account which are not invested is at 0. Top up via iBanking.
For Singaporeans or PRs, please bring along your identity card or passport when you visit the branch. For foreigners, please bring along your passport and the relevant pass issued by the Immigration and Checkpoint Authority of Singapore.
Supplementary Retirement Scheme(SRS) | POSB Singapore
For SRS contribution to be eligible for tax relief in the following year, the contribution via iBanking or mBanking must be completed by hrs on the last working day of December.
Besides having extra savings for your retirement, you'll also enjoy tax benefits. SRS contributions entitle you to tax reliefs, as each dollar that you save in your SRS Account will reduce your chargeable income by a dollar.
Ways to Invest your SRS Funds | OCBC Bank
You can do so via iBanking or at the branch. You do not need to make a claim in your tax return as it will be allowed automatically based on information provided by us to IRAS. Information on shares corporate action event, can be found in the SGX website. Refer to Company Announcements, under Company Information.
The "security credit date" information can be found in the SGX website. Having lower or nominal income at retirement, you may end up paying little or no income tax.
Schedule of Charges Terms and Conditions Governing SRS. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured. Please enter only a-z,A-Z,,! Choose Your Website Personal Banking DBS POSB Wealth Management DBS Treasures DBS Treasures Private Client DBS Private Bank DBS Vickers Securities DBS Vickers Online Business Banking SME Banking Corporate Banking DBS Group About DBS.
With the SRS, every dollar you deposit is eligible for tax relief. How much can you save? Computation table is for illustration purpose only. You can choose from a wide range of financial products including: Bonds Fixed Deposits Foreign Currency Fixed Deposits Shares Single Premium Insurance Unit Trusts The current interest rate on balances in the SRS Account which are not invested is at 0.
You can apply and open an SRS Account if you: Why should I contribute to SRS?
Supplementary Retirement Scheme (SRS)
How do I contribute to my SRS Account? Can I invest with you if my SRS Account is with another bank? Yes, you can speak to us on how you can maximise your SRS funds. What happens if I withdraw before 62 years old?
How can I check my SRS Account balance? Login to iBanking and easily view the following information on your SRS Account: Maximum contribution amount Total contribution made to date Balance contribution limit Cash balance.
How do I transfer my SRS Account from another bank to DBS? You can visit any of our branches to complete and sign the following forms: SRS Account Transfer form SRS Account Application form SRS Annual Declaration form Applicable to foreigners only.
Where can I find out more information on my shares corporate action event for my SRS Account? My shares in the SRS Account has a stock split event, when will the shares be credited to my SRS Account? We appreciate your feedback. What issues did you face today?