Shrink your taxable income by up to S$15,300 this year
Contribute before 31 December and that amount comes off the income you are taxed on, so the closer you get to that number, the more you keep. What most people miss is what happens next. The money lands as cash, earns about 0.05% a year, and sits there until you invest it.
100 daysleft to contribute up to S$15,300 for Year of Assessment 2027. Unused room does not carry forward.
Your SRS operator's own cut-off is earlier than 31 December. Check the date with your bank.
See how your SRS money can grow if invested
Best SRS investments for higher returns →
For reference, StashAway’s General Investing portfolios have delivered up to 9.9% in annualised returns. Past performance is not a guide to future returns.
Put your SRS cash to work
You can invest SRS money without taking it out of the scheme. Choose a portfolio built for growth, or one built to pay you an income.
That is S$288,977 more than leaving the same S$15,300 a year sitting as cash for 20 years.
Illustrative, not a projection or a forecast.
How to open an SRS account
You can open an SRS account with your bank. Three banks are approved SRS operators, and you may only hold one SRS account at a time. Opening a second with another operator is an offence.
You need to be 18 or older and not an undischarged bankrupt. Most people open one in the bank's app in a few minutes. Nothing is locked in at this point. It is your first contribution, not the account opening, that fixes your withdrawal age.
How to top up your SRS account
Topping up is a transfer from your own bank account, in the same app.
- Open an SRS account if you don't have one, with DBS/POSB, OCBC, or UOB.
- Log in to that bank's app or internet banking.
- Find the SRS top-up option, usually under transfers or bill payments, and select your SRS account.
- Transfer in SGD before your bank's daily and year-end cut-off times.
Four things worth knowing
The cap is per calendar year
Up to S$15,300 in a year, across all contributions. Unused room does not carry forward. It is gone on 1 January.
Your bank's cut-off is before 31 December
Operators close the year early to settle transfers. Check the date rather than assuming you have until the 31st.
Relief arrives the following year
A contribution in 2026 reduces your assessable income for Year of Assessment 2027.
The money lands as cash
A top-up is not an investment. The balance sits earning roughly 0.05% a year until you choose what to invest with it.
Account open and topped up? The next step is the one that actually compounds.
How to invest your SRS fundsSRS by residency status
| Annual cap | Withdrawal age | Penalty-free early exit | |
|---|---|---|---|
| Singaporean or PR | S$15,300 | Locked at first contribution64 since 1 July 2026; 63 if you contributed before then | None |
| Foreigner | S$35,700 | Locked at first contribution64 since 1 July 2026; 63 if you contributed before then | 10 years after openingMeasured from the account opening date |
The higher foreigner cap reflects the fact that no CPF contributions are made on your income.
Max your SRS, max your tax relief
Every dollar you put into SRS comes off your assessable income. Contribute your full annual cap and you claim the largest single relief available to most people, on top of everything you already claim.
Maxing out your SRS at S$15,300 adds the full S$15,300 to your relief, taking your total to S$35,300.
Illustrative only. Shows relief amounts, not the tax you would pay. Personal reliefs share an S$80,000 ceiling each Year of Assessment.
Relief is not the same as cash saved. Add your income to see the tax this would take off your bill.
Work out your income taxGrow your SRS today
Since 2017, MOF has let SRS holders grow their savings across a wide range of instruments:
- Shares, unit trusts, bonds, and fixed deposits
- Exchange Traded Funds (ETFs)
- Certain life insurance products, subject to limits
The rules are broad. Your provider is the real limit. Each one decides which of these it offers to SRS money.
Invest your SRS in US-listed and UCITS ETFs
Most SRS routes stop at locally distributed funds and SGX-listed products. StashAway is the only place you can use your SRS to buy 90+ US-listed and UCITS ETFs.
- Zero-fee buy orders, plus up to $1,000 SGD in ETF rebatesOn ETF Explorer portfolios, for new investors. Learn more
- Direct access to US-listed and UCITS ETFsStashAway exclusiveThe same instruments you would hold outside SRS
- Zero-fee buy orders for life to reward consistencyStashAway exclusiveLearn more
- No monthly management feeNothing charged for holding ETFs
- Dividends reinvested at no costPayouts go straight back to work
Capital at risk. Investment returns are not guaranteed.
What can you buy with your SRS?
Allowed
- US-listed and UCITS ETFsInvest with StashAwayS&P 500, Nasdaq, gold, AI, STI and more
- Managed investment portfoliosInvest with StashAwayDiversified portfolios built for SRS
- Cash managementInvest with StashAwayFor SRS money you have not invested yet, instead of leaving it at 0.05%
- SGX-listed equitiesInvest with StashAwaySGX-listed stocks, ETFs and REITs.
- Unit trustsInvest with StashAwayIncluding funds your operator distributes
- Bonds and Singapore Savings BondsSSBs can be bought with SRS funds
- Fixed depositsHeld inside the SRS account
- Single-premium life insuranceIncluding recurrent single premium, annuity, and non-annuity. Life cover is capped at 3× the premium.
Not allowed
- Direct propertyBuying property itself with SRS funds is not permitted. Property exposure has to come through REITs or funds.
- Regular-premium life insuranceOnly single-premium products qualify
- Critical illness, health, and long-term care insuranceExplicitly excluded from SRS
- Trust nomination on SRS insuranceNot allowed on life policies bought with SRS funds
Two ways to invest SRS money
Pick your own ETFs
ETF Explorer lets you buy US-listed and UCITS ETFs with SRS money, with no monthly management fee.
Grow your SRS todayHave it managed for you
A diversified portfolio managed to your risk level, or one built to pay you an income. Both take SRS funds.
See all SRS optionsCheck the current welcome offer →
Capital at risk. Investing involves risk, including possible loss of principal, and you may get back less than you put in. The information here is general and does not take account of your objectives, financial situation, or needs. Tax treatment depends on your individual circumstances and may change. Seek independent advice where needed. StashAway Pte Ltd is licensed by the Monetary Authority of Singapore.
When can I withdraw my SRS?
Two dates decide it. Your first contribution fixes the age you can withdraw at. Your first withdrawal starts a 10-year window.
Step 1 · Find your withdrawal age
| If your first SRS contribution was… | You can withdraw from age |
|---|---|
| Before 1 July 2026 | 63 |
| On or after 1 July 2026 | 64 |
The statutory retirement age rose from 63 to 64 on 1 July 2026. Your account keeps whichever age applied on the day of your first contribution. Later changes do not move it, so an account first funded before 1 July 2026 still withdraws at 63.
Step 2 · See what tax applies
Withdrawals are added to your income and taxed at your usual rate, in the Year of Assessment after you take them. How much of it counts depends on when you withdraw.
The full amount is added to your income for that year, and a 5% penalty is deducted on top. The penalty is not refundable.
Only half of what you take out counts as income. The other half is tax-free and there is no penalty. Withdraw S$10,000 and S$5,000 is added to your income.
Take the full balance in one lump sum, having held the account at least 10 years, and no penalty applies. Half the sum is taxable.
Medical grounds: 50% taxable. Terminal illness: 50% of the full sum, less an exempt amount of up to S$400,000. Bankruptcy: 100% taxable. None carry the 5% penalty.
| When you withdraw | Taxable | Penalty | Counts as income |
|---|---|---|---|
| Before your locked age | 100% | 5% | S$10,000plus S$500 penalty |
| Foreigner, 10 years after opening | 50% | None | S$5,000 |
| At or after your locked age | 50% | None | S$5,000 |
SRS withdrawals and CPF LIFE payouts land in the same years and are taxed together. Check your CPF LIFE payout →
Invest my SRS
General Investing
Most popular
powered by StashAway
Precise control with 12 risk levels
Designed to keep risk constant
Built for long-term wealth creation
Performance:
1.7-8.8% p.a.
ETF Explorer
Most popular
Select from over 80+ asset classes
Own specific entire markets, sectors, or themes
Invest for just $1 USD per order
Performance:
Customisable
Income Investing
powered by J.P. Morgan Asset Management
Aimed at capital preservation and payouts
Diversified bond exposures
Investment-grade credit quality
Performance:
4.8% p.a.
Singapore Investing
Performance:
10.3% p.a.
Simple Plus
Ultra-low risk
No minimum balance
Optimised for cash growth
Performance:
4% YTM p.a.
Sign up and invest SRS to enjoy
✅ Up to $1,000 SGD worth of ETF rebates and free buy orders when you invest in ETF Explorer portfolios.
✅ Up to +0.8% p.a. extra return booster across eligible investment portfolios.
✅ +3.5% p.a. bonus returns on your Simple Plus portfolio.
Download our mobile app
Frequently Asked Questions
Who is eligible to open an SRS account?
Any Singaporean Citizen, Permanent Resident, or foreign employee who is a tax resident of Singapore can contribute to an SRS account.
How do I invest my SRS funds using StashAway?
If you haven’t done so already, first open an SRS contribution account with DBS, OCBC, or UOB.
Then, to start investing your SRS funds with StashAway, create a new portfolio and indicate that you want to use SRS funds, and you'll be guided through the quick setup process.
On your behalf, we can automatically request the SRS funds from your SRS contribution account bank at the date and/or frequency you specify. That way, you don't have to worry about remembering to transfer! Your deposit plan into StashAway from your SRS account can be changed at any time right from our app.
What are the fees involved with investing my SRS with StashAway?
StashAway has only a simple annual fee between 0.2% and 0.8%, depending on your overall StashAway account balance. There are no subscription fees, no redemption fees, no custodian fees, and no penalty fees.
There's a 0.15% p.a. management fee with StashAway Simple™ portfolio.
You can view the pricing structure here.
What are the tax benefits associated with SRS?
SRS’s main advantage is the tax benefits it offers. Whatever amount you contribute to your SRS account is fully deducted from your tax bill that year (Singaporeans and PRs can contribute to their SRS bank accounts up to $15,300 SGD per year, and foreigners can contribute up $35,700 SGD per year). These contributions lead to significant tax savings: Singaporeans who max out their SRS contributions can decrease their taxes by up to $3,366 SGD each year, depending on their tax bracket. Foreigners, given their larger contribution cap, can save nearly $8,000 SGD per annum, totaling nearly $80,000 SGD over the course of 10 years, assuming a full SRS contribution during those 10 years.
Withdrawals at retirement (or when conditions are met) are given a 50% tax concession and can be spread over 10 years to minimise taxes.