To The Moon

1.Live Review Introduction

🔗 Unlocking Your SRS Potential

Tiger Brokers livestream hosted by Esther from Tiger Community, featuring Kenny Loh, Wealth Advisory Director and REITs specialist (MBA, CFP®, IBFA, AEPP®). Kenny is an SGX Academy trainer for S-REIT investing and a regular commentator on MoneyFM 89.3, focusing on retirement, investment and legacy planning.

Kenny built this session to be hands-on, asking viewers to download their latest Notice of Assessment from Singpass/IRAS and follow along with pen and paper. He opened with a quick poll: type 1 if you haven't started with SRS, type 2 if you've contributed but aren't sure what to do next. This first recap covers the basics: what SRS is, who qualifies, where the money goes and what perks it offers.

Disclaimer: The views expressed are those of the guest speaker and do not represent the official views of Tiger Brokers or its affiliates. This content is strictly for education and discussion purposes and does not constitute financial advice.

Want to see more of the livestream recap? Check it out here>>

• Live Recap 2: The 0.05% Problem — What Idle SRS Cash Really Costs You

• Live Recap 3: How SRS Cuts Your Tax Bill — Two Worked Examples

• Live Recap 4: Putting SRS Money to Work — ETFs, REITs, Insurance and Retirement Income

2.What Is SRS?

The Supplementary Retirement Scheme is a voluntary, government-led scheme that complements CPF. Kenny drew the contrast: CPF contributions are compulsory as long as you work in Singapore, while SRS is entirely your call, both on whether to contribute and how much. For Singapore Citizens and PRs, the annual cap is $15,300. Money in the account can then be used to buy investment instruments, though by default it earns just 0.05% (more on that in Recap 2).

3.Who Can Contribute — and How Much

Singapore Citizens, PRs and foreigners who derive any form of income can contribute for the current year, up to Dec 31. You must be at least 18, not an undischarged bankrupt, and capable of managing your own affairs. The yearly maximum is $15,300 for Citizens and PRs and $35,700 for foreigners. Accounts can be opened with one of three SRS operators: DBS/POSB, UOB or OCBC.

4.Where Does Singapore's SRS Money Go?

Total SRS contributions have climbed from $5.97bn in 2015 to $23.88bn in 2025 (MOF data). The consolidated portfolio breakdown:

• Shares, REITs and ETFs: 24%

• Bonds, T-bills and fixed deposits: 24%

• Idle cash: 21%

• Insurance products (annuities, endowments): 20%

• Unit trusts: 11%

Kenny pointed out that shares, REITs and ETFs bought with SRS must be SGX-listed, while unit trusts are the route to overseas markets. Roughly one in five dollars is doing nothing. His advice: choose what fits your risk profile and what you understand.

5.The Two Big Perks: Tax Relief and Tax-Free Returns

SRS contributions get dollar-for-dollar tax relief, up to the $80,000 cap on total personal income tax relief per Year of Assessment. Kenny's caution: if your reliefs already hit $80,000, an extra SRS contribution won't lower your tax any further. Investment returns inside SRS are tax-free, and only 50% of withdrawals at retirement are taxable.

Closing Takeaway

SRS is optional and capped, but it pairs upfront tax relief with tax-free growth. The real question is what you do with the money once it's inside, and whether the tax saving justifies locking it up.

6.Risk Reminder

SRS rules, caps and tax treatment can change, and outcomes depend on personal circumstances. Please check with IRAS, your SRS operator or a licensed adviser before deciding. Viewers without sufficient foundational knowledge are advised to complete education modules before initiating live positions.

7.Post-Event Resources

Follow Kenny Loh on YouTube (Kenny Loh Financial Wisdom, @KennyLohFinancialWisdom), Tothemoon ( @Kenny_Loh / @REITsavvy), or via the REITsavvy website. The full livestream replay is available on the Tiger Trade app.