Just Contributed More Money To SRS Account

I just contributed another lump sum of monies to my SRS account. There are good reasons for me to do so since I get to enjoy tax reliefs and will end up paying less taxes for the next year.


I figure that I have contributed about $10000 and upwards so far this year to my SRS account. There is a cap to how much relief I can claim so I will probably max that out by end this year ( which really does not give me much time!).

I have also maxed out my CPF minimum sum top up by contributing $7000.

Good tax reliefs so why not?
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4 comments:

  1. Createwealth8888December 6, 2016 at 4:06 PM

    Locking up assets for retirement long before its time and retirement planning is progressing well ahead of its time is two different animal.

    ReplyDelete
    Replies
    1. sgfinancialfreedomDecember 11, 2016 at 4:47 PM

      So you don't recommend contributing to SRS?

      Delete
    2. Createwealth8888December 11, 2016 at 4:52 PM

      Not sure how many know the difference! Not easy to understand!

      Delete
  2. AnonymousDecember 9, 2016 at 12:38 PM

    Use ocbc srs account. Very good with prompt monthly statements

    ReplyDelete

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