This is shocking! Seems that majority are still missing out on the purpose of SRS and only using it sole for ONE of its intended purpose: Income Tax Relief. How about Retirement Planning? With Reliefs capped at $80K now, is the draw for SRS Relief still attractive? Especially when monies are not being put to use and stagnant in the Operator Account?
Leaving your monies in your SRS Account is worse than leaving it in your Bank Account!
#KelvinKhoo #FinancialPlanning #SRS #SRS4Retirement #Funds