[SIC] SRS top-up 2023

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chiokcc

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I am creating a thread on SRS top-up for 2023. As in previous years. hope that this thread will be useful for sharing this year's (2023) promo (if any) from the three local banks ....

If past years' history can be used as references, SRS top-up promo by the local banks should be out from October onwards ...

Info on SRS :

https://www.mof.gov.sg/schemes/individuals/supplementary-retirement-scheme
 
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chiokcc

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Link to [2016] thread
https://forums.hardwarezone.com.sg/money-mind-210/[sic]-2016-srs-promo-5489156.html

Link to [2017] thread
https://forums.hardwarezone.com.sg/money-mind-210/[sic]-srs-top-up-promo-2017-a-5700563.html

Link to [2018] thread
https://forums.hardwarezone.com.sg/money-mind-210/sic-srs-promotion-2018-a-5911741.html

Link to [2019] thread
https://forums.hardwarezone.com.sg/money-mind-210/[sic]-srs-top-up-promo-2019-a-6124714.html

Link to [2020] thread
https://forums.hardwarezone.com.sg/threads/sic-srs-top-up-2020.6366659/

Link to [2021] thread
https://forums.hardwarezone.com.sg/threads/sic-srs-top-up-2021.6576305/

Link to [2022] thread
https://forums.hardwarezone.com.sg/threads/sic-srs-top-up-2022.6819936/
 
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chiokcc

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[UOB] promo

2023 UOB SRS Year End Promotion​

Receive up to S$40 in shopping vouchers* when you (i) open a new UOB SRS account or transfer an existing non-UOB SRS account to UOB and (ii) fund your UOB SRS account from now till 15 December 2023 .

https://www.uob.com.sg/personal/invest/srs-account.page

2023 UOB SRS Year End Promotion

From now till 15 December 2023, receive up to S$40 in shopping vouchers* when you ( i ) open a new UOB SRS account or transfer an existing non-UOB SRS account to UOB and (ii) fund your UOB SRS account

Funding AmountShopping Vouchers Reward*
S$5,000 - S$9,999S$30
S$10,000 and aboveS$40


Exclusive unit trusts offer: Invest using your SRS funds, from now till 29 December 2023 and be rewarded

Investment CriteriaShopping Vouchers Reward*
Invest S$10,000 or more in any SRS approved unit trusts (with a minimum sales charge of 0.8%) distributed by UOBS$50
*Terms and conditions apply.

Exclusive insurance offer: Purchase single premium insurance plans using your SRS funds from now until 31 December 2023 and be rewarded



Eligible insurance plans
Single Premium Plan – Savings & Wealth Accumulation
1. PRUActive Retirement II (SRS)
2. PRUWealth Plus SP (SRS)

Minimum single premium (SGD/USD)Vouchers Reward (SGD)
10,00050
30,000150
50,000250
80,000800

Apply for a UOB-SRS Account in just a few minutes through Singpass MyInfo now

*Terms and conditions apply.




​

 
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chiokcc

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This is an earlier UOB promotion in March-April 2023 ......

2023 UOB SRS Promotion​

Receive up to S$40* in shopping vouchers when you (i) open a new UOB SRS Account or transfer an existing non-UOB SRS Account to a UOB SRS Account and (ii) fund your UOB SRS Account from now till 30 April 2023 .

Apply for a UOB SRS Account in just a few minutes through Singpass Myinfo now. Terms and conditions apply.
Apply now


https://www.uob.com.sg/personal/invest/srs-account.page

T&C :
https://www.uob.com.sg/assets/pdfs/srs-promotion-tnc.pdf
 
rizhal

rizhal

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Thanks TS for the awareness.

Just being pedantic, it is better to contribute SRS in the beginning of the year, to get the investment gain start early.

no right or wrong, do it within your financial situation.
 
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chiokcc

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In the past years, usually banks roll out SRS goodies towards the end of the year ..... recent years, goodies only to entice new customers .....

The UOB March-April promo this year is unusual in that it is early in the calendar year .....
 
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maumu

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the banks only seems to be giving promo to new customers only. they don't appreciate those existing ones who stay with them.
 
Mephist0pheLes

Mephist0pheLes

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maumu said:
the banks only seems to be giving promo to new customers only. they don't appreciate those existing ones who stay with them.
Click to expand...

bcos the banks are doing business to attract customer signups. they are not funding an incentive scheme to encourage ppl to use SRS, that's govt job. u can choose to not top up and forgo your tax relief.
 
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s0crates

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maumu said:
the banks only seems to be giving promo to new customers only. they don't appreciate those existing ones who stay with them.
Click to expand...
They earn nothing from SRS unless their bank clients invest through them with unit trust/endowment plans.
 
compro_1975

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s0crates said:
They earn nothing from SRS unless their bank clients invest through them with unit trust/endowment plans.
Click to expand...
then the money in srs means what to them leh? i recalled someone did mention is to form the basic base of the bank's assets (the part they cant touch) same goes to CDA account...... how i wish to invest those money in CDA too....

anw if i am in ocbc now and wanna move to dbs, i will have to pay a penalty for the move due to the stocks and whatever endowment plans i am with right?
 
iceblendedchoc

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compro_1975 said:
then the money in srs means what to them leh? i recalled someone did mention is to form the basic base of the bank's assets (the part they cant touch) same goes to CDA account...... how i wish to invest those money in CDA too....

anw if i am in ocbc now and wanna move to dbs, i will have to pay a penalty for the move due to the stocks and whatever endowment plans i am with right?
Click to expand...
no penalty, i move from uob to ocbc to dbs
 
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