Withdrawals from your SRS account^ can be made after the current statutory retirement age of 62 for Singaporeans/PRs or after at least 10 years from the date of your first contribution for foreigners. However, there is the flexibility of early withdrawal at any time, albeit a 5% penalty fee...
I declare that I do not previously have an SRS Account with you or the other SRS Operator(s) and have not made any withdrawal of all the funds standing in this said SRS Account maintained with you or the other SRS Operator(s) – (a) on the ground that I am (i) physically or ...
Make your SRS funds work even harder by investing them ina wide range of financial productsto accumulate tax-free returns* in the SRS Account. *Only 50% of the withdrawals from SRS are taxable when you perform penalty-free withdrawal.
Effectively, a withdrawal from your CPF account is like a bank account withdrawal. CPF LIFE is where it gets more tricky. As long as the contributions were US taxable on the way in, you can count at least a portion of the LIF payment as non-taxable return of principle. I believe you...
8. OCBC shall not be obliged to accept any contribution into the SRS if the Account Holder has made a penalty free withdrawal on or after reaching the Prescribed Retirement Age. Use of Funds in the SRS Account TC/SRS/May 2023 Co. Reg. no.:193200032W 9. OCBC is hereby expressly ...
Make your SRS funds work even harder by investing them ina wide range of financial productsto accumulate tax-free returns* in the SRS Account. *Only 50% of the withdrawals from SRS are taxable when you perform penalty-free withdrawal.