Another step towards a more secure retirement

The Supplementary Retirement Scheme (SRS) is a voluntary savings plan that complements the Central Provident Fund (CPF) in Singapore. Individuals can contribute a chosen amount to SRS (subject to a cap) at their own discretion and make investments with the money.

Build up your SRS savings by investing with Fidelity

There are several tax benefits to participating in SRS which do not apply to regular savings:

1. Contributions to SRS are eligible for tax relief (capped at a maximum of $15,300 per year for Singaporeans and Permanent Residents, and S$35,700 for foreigners);
2. Investment returns are accumulated tax-free;
3. Only 50% of the withdrawals from SRS are taxable at retirement.

After reaching 62, you may withdraw up to S$40,000 per year over a maximum of 10 years if you do not have other taxable incomes. These SRS withdrawals can be made in cash or in the form of investments.

If you take money out of your SRS account before you reach the statutory retirement age, the whole withdrawal sum will be deemed taxable and a 5% penalty will apply*.

A host of Fidelity funds are included under the SRS scheme, offering you comprehensive investment solutions across a range of asset classes.

View SRS eligible funds

Getting started

SRS Accounts are managed by three SRS operators as listed below. To begin making contributions, you must first open an SRS Account with one of them.

For more information, visit the official website of Ministry of Finance (Singapore).

*There are special circumstances under which SRS investments can be withdrawn early without penalty. Please visit the official website of Inland Revenue Authority of Singapore to learn more.