· Achieve tax savings with sRS financials. Every dollar contributed to your SRS reduces your taxable income by a dollar up to a cap of $15,300 for Singapore citizens and PRs and $35,700 for foreigners. Here's an illustration of how much you could save in taxes:

· Invest for potential higher returns. Use your SRS funds to buy into various financial products such as unit trusts/single premium insurance for potential retirement gains. You can earn potentially higher interest, as your balance in the SRS account earns only 0.05% interest p.a. However, as with all investments, there is always the possibility of losses. Hence, it is important that you start investing based on your risk profile.

· Use your SRS in your retirement years. To maximise the benefit of SRS, you can make withdrawals from your account upon reaching the statutory retirement age (currently 62 as at Year 2021), prevailing at the time of your first contribution. Only 50% of your withdrawals are subject to tax.

Investment Solutions with PIAS

PIAS Model Portfolios (SRS)

· Catered for investors from Conservative to Aggressive risk profiles, you could enhance the potential of your SRS returns with a Model Portfolio suitable to your risk appetite and needs
· Each Model Portfolio is diversified and constructed using 5 to 6 Unit Trusts, shortlisted by an extensive research process with ongoing reviews to maximize risk-adjusted returns over a long-term
· Exclusive to PIAS clients, the portfolio positioning is aligned to PIAS Investment Outlook, with regular monitoring, updates and management by the Investment Strategy team, in line with the changing investment climates

Insurance Solutions with PIAS

· Your SRS funds can be used to purchase selected single premium insurance plans. Over at PIAS, we have a suite of products from