• Supplementary Retirement Scheme (SRS)

Attractive Tax Benefits


SRS reduces your taxable income by the same amount contributed to your SRS account with a maximum yearly contribution of S$15,300 by Singaporeans and PRs, and S$35,700 by foreigners. SRS contributions are subject to a cap on personal income tax relief of S$80,000 per Year of Assessment.

Opportunity To Gain Higher Returns

Uninvested SRS funds only earn returns of 0.05% per annum, therefore, investing your SRS funds is a way to make your money work harder, further growing your retirement savings.

Non-taxable Investment Gains

Any gains realised on your investments are credited directly to your SRS account and remain tax-free before withdrawal.

Flexibility To Make Withdrawals

Tax will be payable only when you withdraw your SRS savings (comprising both your SRS contributions and gains on investments). If you withdraw your SRS savings upon retirement, only 50% of the savings withdrawn will be subject to tax.


You may spread your withdrawals over a period of up to 10 years to meet your financial needs and enjoy greater tax savings.  For example, if you withdraw S$30,000 a year, you pay no taxes on the withdrawal, as half of that amount (i.e. S$15,000) falls within the zero tax rate.

Residential Status

  • Singaporean, Permanent Resident (PR) or foreigner


Age Requirement

  • 18 years old and above

CIMB Bank has over 200 SRS-eligible investment and insurance products available for you to choose from. Investing your SRS funds gives you the opportunity to optimise your SRS funds as the current interest rate on uninvested balances in the SRS Account is at 0.050% p.a

Here are some SRS-eligible investment options available at CIMB:


TM Wealth Enhancement (Cashback)

  • Single premium participating endowment plan which provides guaranteed annual cash benefits
  • Guaranteed issuance with no medical underwriting
  • Flexibility to choose your policy term of 8, 10, 15 or 20 years

TM Retirement (SP)

  • Single premium participating endowment plan specially designed as a retirement funding solution to help you reach closer to your retirement goals. 
  • Guaranteed issuance with no medical underwriting
  • Choice of when you would like to start receiving your yearly cash benefit, starting from age 63, 65 or 70

NTUC Sail (SP)

  • A savings and retirement plan that provides you with a choice of payouts over 20 years.
  • Guaranteed issuance with no medical underwriting
  • Flexibility to choose your desired retirement age from age 55, 60, 62 or 65 (last birthday). Alternatively, you can choose to retire in 10, 15, 20, 25 or 30 years from the start of your policy.

AIA Retirement Saver III (SP)

  • A savings plan that provides you with a guaranteed monthly income and a lump sum payout when you retire
  • Guaranteed issuance with no medical underwriting
  • Choose to receive your guaranteed monthly income over a period of either 15 or 20 years
  • You’ll receive a guaranteed payout worth 24 times your monthly income at your choice of retirement age of 55, 60, 65 or 70.


Unit Trust

You can consider the following 3 multi-asset funds which are broadly diversified and have a long track record for potential long-term returns with your SRS funds.

JP Morgan Global Income Fund – aims to provide regular income by investing primarily in a portfolio of income generating securities, globally, and through the use of financial derivative instruments

Allianz Income and Growth Fund - aims at long-term capital growth and income by investing in United States of America and/or Canadian corporate debt securities and equities.

Schroder Asian Income - aims to provide income and capital growth over the medium to longer term by investing primarily in Asian equities (including real estate investment trusts) and Asian fixed income securities.

Please click here for the full list of over 200 SRS-eligible unit trust funds ranging from equity to fixed income funds from over 20 different fundhouses

Unit Trust
The information provided herein is strictly for general information only and should not be considered as an offer, or solicitation, to deal in any of the unit trusts mentioned herein. Investors may wish to seek advice from a financial adviser before making a commitment to invest in units of the relevant fund. In the event that an investor chooses not to seek advice from a financial adviser, the investor should consider whether the fund is suitable for him. Investments in the unit trusts are not deposits or other obligations of, or guaranteed or insured by the Investment Manager or CIMB Bank Berhad. Investments are subject to investment and foreign exchange risks, including the possible loss of the principal amount invested. The value of the units and the income from them may fall as well as rise. The Investment Manager's past performance is not indicative of its future performance. Any forecast made is not necessarily indicative of future or likely performance of the unit trusts. All applications for units in the unit trusts must be made on the application forms accompanying the relevant prospectuses. Investors should read the prospectuses for details. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

This information is intended for general circulation and does not take into account the specific investment objectives, financial situation or needs of any particular reason. Advice should be sought from a financial adviser regarding the suitability of the investment product, taking into account the specific investment objectives, financial situation or particular needs of any person in receipt of the recommendation, before the person makes a commitment to purchase the investment product. Any mis-statement or non-disclosure of material facts may affect the validity of the policy. In the event that the person chooses not to seek advice from a financial adviser, he/she should consider whether the product in question is suitable for him/her.

This information is not a contract of insurance. The precise terms, conditions and exclusions of this plan are specified in the Policy Contract. Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable may be less than the total premiums paid.

This policy is protected under the Policy Owners' Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact the insurer or visit the GIA/LIA or SDIC website (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).

The information contained within is accurate at the time of printing, but we are not responsible if there are any errors or missing information. If the document becomes out of date, we do not have to replace it. We are not responsible for any direct or indirect loss or damage arising in connection with, or as a result of, any person acting on any information provided in this document. Please do not reproduce or share any of the information in this document without the written permission of CIMB Bank Berhad.

This advertisement has not been reviewed by the Monetary Authority of Singapore.

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