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Find out the answers for most frequently asked questions (FAQs) about SRS
SRS Withdrawals
SRS Investments
SRS Contributions
SRS Participations
Claiming Tax Relief
SRS Benefits
SRS - Eligibility
SRS - Others
As savings withdrawn from SRS are subject to tax, would I not be paying a lot of tax when I retire?
I am a foreigner. What happens to my SRS deposits when I leave Singapore?
I am a foreigner who no longer works and lives in Singapore and I make an SRS withdrawal. How will I be taxed?
What is the maximum age to start the withdrawal of SRS money?
Am I allowed to reinstate the amount prematurely withdrawn and have the penalty refunded to my account?
As a foreigner or PR, with a balance in my account deemed withdrawn, if I make an actual withdrawal, will it be subject to withholding tax?
Can a foreigner opt to leave an SRS account alone to take advantage of the 50% tax concession and not be subjected to the withdrawal penalty?
Can I make SRS withdrawals in the form of investments (i.e. transfer investments out of SRS account), and if so, how can I make such a withdrawal?
Can I spread my withdrawals over a period of time so as to enjoy the 50% tax concession?
Can I withdraw my SRS money before the age of 62?
Do I have to withdraw all my SRS funds at the end of the ten-year withdrawal period?
How can I make a withdrawal from my SRS account?
How exactly is the withdrawal period determined at retirement?
How is the specified amount of a relevant withdrawal that is exempt from tax computed?
How much can I withdraw from the SRS account?
How will my withdrawals be taxed?
If I am a foreigner and start contributing to SRS at the age of 55, am I allowed to withdraw my SRS contribution without penalties, at the age of 62?
If I cancel my SPR status before I reach the statutory retirement age, when can I withdraw my SRS funds without penalty?
What are the restrictions on the types of withdrawals allowed to be made in the form of investments? What is the rationale for these restrictions?
What is the rationale for allowing withdrawal of investment products?
When can I make a withdrawal from my SRS account?
Why is tax exemption granted to SRS funds (i) deemed withdrawn upon death or (ii) withdrawn in full on the grounds of terminal illness?
Will there be any fees and charges involved in withdrawing an investment from my SRS account?
Will the SRS operator deduct any tax on my SRS withdrawals? How do I calculate the tax to be paid?
Would the authorities consider waiving the tax on withdrawal completely and raising penalties for early withdrawal instead?
