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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?

4 comments:

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

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    Replies
    1. So you don't recommend contributing to SRS?

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

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  2. Use ocbc srs account. Very good with prompt monthly statements

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