How to Save on Taxes and Grow Your Savings with One Simple Action
Updated: 5 Nov 2026
Written byAlevin K Chan
Freelance Contributor
Topping up your Supplementary Retirement Scheme (SRS) account before year-end serves two helpful purposes: It reduces your tax bill, while helping you build your retirement savings. But what happens after the money goes in?
Left uninvested, SRS funds earn just 0.05% p.a. That’s only S$5 a year on S$10,000, leaving your savings vulnerable to inflation. The solution? Invest your SRS savings to give that money the opportunity to grow and outpace inflation.
How SRS top-ups benefit you
Singapore citizens and permanent residents can contribute up to S$15,300 annually, while foreigners can contribute up to S$35,700. SRS contributions reduce your taxable income dollar-for-dollar, and count towards the overall annual income personal income tax relief cap of S$80,000.
It’s not too late to qualify for relief in the Year of Assessment 2027; simply make your SRS contribution by 31 December 2026. (Be sure to check your bank’s cut-off time for transfers.)
It’s easy to get started. Simply open an SRS account with DBS, OCBC or UOB, then deposit your cash amount via online transfer, cash or cheque. If you already have an SRS account, you can just make a top-up within your remaining annual allowance.
Start growing your SRS savings today
Beyond tax relief
Earning tax relief is just the beginning. What you do next matters just as much. Investing gives your SRS savings the potential to outpace inflation and grow with markets over the long term.
A word of caution: Returns aren’t guaranteed, and investment values can fall. Always consult a qualified financial adviser to help you choose investments that suit your risk appetite and time horizon – especially in regard to your retirement.
Fuss-free SRS investing with StashAway
StashAway offers Singapore’s widest range of SRS investment options, spanning from US-listed and UCITS ETFs, cash management, and globally diversified managed portfolios. Accredited Investors can also invest their SRS in private market investments.
Here are some ideas for investing your SRS funds.
Build your own portfolio with ETF Explorer
Prefer choosing your investments? ETF Explorer offers more than 100 ETFs listed across the US, London Stock Exchange and SGX, including exposure to the S&P 500, global equities and gold.
Explore four new additions that are SGX-listed global UCITS ETFs: S&P 500 SGD, Global Equities SGD, Nasdaq-100 SGD and S&P 500 Equal Weight SGD. These provide access to overseas equity markets through local listings traded in Singapore dollars.
You can hold one market or combine several within the app. For example, pairing S&P 500 exposure with Global Equities broadens your geographical reach, though some holdings overlap.
For a single-fund approach, the new Global Equities (FTSE) option tracks the FTSE All-World Index, covering thousands of companies across developed and emerging markets, with dividends automatically reinvested.
Get in on the AI boom
Want exposure to the AI boom? The new AI Infrastructure and Data Centres ETFs give you two ways to invest in the businesses behind it. AI Infrastructure covers chipmakers, cloud platforms and software firms. Meanwhile, Data Centres focuses on the facilities and digital networks needed to store and process growing volumes of data.
These two specialised ETFs allow investors to gain exposure beyond individual AI stocks to the wider ecosystem supporting the technology, without relying on picking individual winners. But they remain concentrated themes, so they work best as a complement to a diversified portfolio.
Let StashAway handle the portfolio management
If you’d rather leave investment selection and maintenance to professionals, consider General Investing powered by BlackRock®.
BlackRock® provides investment insights and asset allocation guidance, while StashAway manages the portfolio, including trades and rebalancing. Choose from four equity-to-bond allocations, ranging from 20:80 to 100:0, to match your appetite for risk. This way, you can get diversified market exposure without having to maintain the portfolio yourself.
Start 2027 with your savings working harder
Give your retirement savings a head start in 2027 by putting your SRS funds to work today.
Getting started takes a few minutes: create a StashAway account, choose a portfolio, select SRS as your funding source, and follow the prompts to link your SRS account.
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New to StashAway? Invest S$1,000 of your SRS and get
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S$50 cash rebate
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Sign up through SingSaver and get an extra $30 cashback!
Start growing your SRS savings today
Disclaimer
StashAway is a brand of Asia Wealth Platform Pte Ltd. and reserves the discretionary right to change the underlying ETF for specific asset classes. Not financial advice nor solicitation to purchase any financial product. Terms and conditions apply, visit stashaway.sg/legal for more information.
About the author
Alevin K Chan
Alevin loves helping people make good money decisions. He briefly flirted with being a Financial Advisor, but quickly realised writing about personal finance is the better way to go.
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