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S1E9: Maximise your CPF and SRS for retirement: WealthBT Ep 9

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The Rise and Fall of the Singapore Retirement Savings Scheme

The S.R.S. allows you, and that includes non-singiporeans, to make an annual contribution which will earn a tax relief. Contributions are subject to a cap of $15,300 a year for Singaporeans and PRs. For foreigners, the contribution cap is more than twice higher at $35,700 a year. In 2020, the biggest amount, or 29%, was invested in the category of stocks, ETFs, and REITs. The share of assets in cash has actually declined from a high of 34% in 2016.

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