I also understand what Teacher Da said, that the latest SRS limit is 35,700 Singapore dollars, and this money can indeed be used for investment and tax deductions, especially for high-income groups, it is very friendly.

However, it is not without drawbacks.

First, the S&P 500 can be invested in, but not everything is purchasable, especially individual U.S. stocks or most U.S. native ETFs cannot be directly bought; only products listed on the SGX can be invested in.

Secondly, the withdrawal restrictions are very high; once the money is put into the SRS, the cost of withdrawing it early is quite steep. Withdrawing before the normal retirement age (63 years) generally means the entire amount withdrawn is counted as taxable income, and there is also a 5% penalty. Only after reaching the statutory retirement age corresponding to the first SRS contribution can one benefit from a 50% tax concession when withdrawing, and it can be taken out over 10 years to reduce the annual tax burden.

Foreigners have a relatively special advantage; after 10 years of having an SRS account, if they still have not become a Singapore citizen or PR when withdrawing, and withdraw the entire amount in one go, they can avoid the 5% penalty, with only 50% of the amount taxable.

Therefore, even for foreigners who do not plan to apply for PR in Singapore, they still need to save for at least ten years.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。