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Old 13-12-2011, 10:10 PM   #1
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SRS Investments

In your opinion or experience, what are some current, better-performing SRS investment options?

Some background info below but it's dated 2009:
Save more money with SRS

Edit:
Personally don't use SRS because I don't want to be locked in till retirement age, but maybe some people here might point out something I might have missed.

Last edited by PruCorgi; 13-12-2011 at 10:13 PM..
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Old 13-12-2011, 11:15 PM   #2
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Well, all the info is more or less in the article.

The best benefit is can save money from tax, and if money of investment is a lot, can spread over 10 years to draw out max amount without having the amount taxed. I forgot what amount is it, but considering if you don't need the money till you retire, it is a win-win situation.

Worst to worst, draw out and pay a certain %, i think is 5% and need tax.
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Old 14-12-2011, 12:56 AM   #3
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I read somewhere that SRS can be used to buy life insurance. So instead of using cash to pay for premiums, can the SRS be used for paying premiums? If can be done, then I think SRS pretty worth the go to reduce taxes.

Gotta act fast if want to open an account for SRS to qualify for this year's tax relief. Year end coming, and the banks need some lead time to open the account.
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Old 14-12-2011, 01:18 AM   #4
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I read somewhere that SRS can be used to buy life insurance. So instead of using cash to pay for premiums, can the SRS be used for paying premiums? If can be done, then I think SRS pretty worth the go to reduce taxes.

Gotta act fast if want to open an account for SRS to qualify for this year's tax relief. Year end coming, and the banks need some lead time to open the account.
Yes. For eg. SRS can be used to buy the NTUC Growth plan which in turn gives about 2-4% return for 11 years plan.
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Old 14-12-2011, 08:01 AM   #5
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AFAIK, it's only single premium insurance (lump-sum or recurrent single premium
) that can be bought using SRS, right?

Anyway, my question isn't so much pros/cons of SRS, but more of, anyone here actually use SRS.... and if you do, what do you invest in and has it been good so far?

Thanks in advance.
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Old 18-12-2011, 09:51 AM   #6
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Anyway, my question isn't so much pros/cons of SRS, but more of, anyone here actually use SRS.... and if you do, what do you invest in and has it been good so far?
SRS is just a "container" for investments. Other than regular premium insurance products, pretty much anything you can invest with cash, you can invest with SRS funds. Stocks, ETFs, unit trusts, bonds, gold (UOB only), even fixed deposits and cash.
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Old 30-12-2011, 09:34 AM   #7
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Does the banks charge you when you invest your srs money?
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Old 30-12-2011, 02:39 PM   #8
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AFAIK, it's only single premium insurance (lump-sum or recurrent single premium
) that can be bought using SRS, right?

Anyway, my question isn't so much pros/cons of SRS, but more of, anyone here actually use SRS.... and if you do, what do you invest in and has it been good so far?

Thanks in advance.
The question of good or not is irrelevant since the instruments are independent of the vehicle, be it cash or SRS.

Other than Regular Premium and Real Estate, SRS funds can be used for everything else.
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Old 30-12-2011, 10:26 PM   #9
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You can download tax calculator from IRAS (excel file)

for example, if a person annual income is 50K, the tax payable is $515 ($50K - $10K CPF - $1K Earned Income Relief).


if this person contribute $12750 SRS, the tax payable is reduced to $125.

This save you $390 income tax which translate to saving of 3% .


Also, I usually use SRS fund to buy dividend stock that can earn at least 5%.
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Old 30-12-2011, 10:53 PM   #10
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You can download tax calculator from IRAS (excel file)

for example, if a person annual income is 50K, the tax payable is $515 ($50K - $10K CPF - $1K Earned Income Relief).


if this person contribute $12750 SRS, the tax payable is reduced to $125.

This save you $390 income tax which translate to saving of 3% .


Also, I usually use SRS fund to buy dividend stock that can earn at least 5%.
Does the bank charge you using srs to buy stocks ?
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Old 31-12-2011, 09:08 AM   #11
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You can download tax calculator from IRAS (excel file)

for example, if a person annual income is 50K, the tax payable is $515 ($50K - $10K CPF - $1K Earned Income Relief).


if this person contribute $12750 SRS, the tax payable is reduced to $125.

This save you $390 income tax which translate to saving of 3% .


Also, I usually use SRS fund to buy dividend stock that can earn at least 5%.
What are the stock that normally can earn 5% dividends? SingTel?
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Old 31-12-2011, 12:15 PM   #12
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What are the stock that normally can earn 5% dividends? SingTel?
there are few stocks that able to have moderate dividend.

see this link

Singapore Dividend Stock Tracker
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Old 31-12-2011, 12:42 PM   #13
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Does the bank charge you using srs to buy stocks ?
I'm using UOB for SRS account.

No fee for using UOB-SRS account to trade stocks.
Every year UOB have waived the fees.

see this link

UOB : UOB SRS Account
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Old 01-01-2012, 06:10 PM   #14
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Thanks HannEng,

Your answer is exactly what I'm looking for. Precisely because there are so many choices, it helps to get some ideas... a lump sum of $12K+ isn't really that big an amount investment-wise.
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Old 08-01-2012, 11:22 PM   #15
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what do you invest 12K in?
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