The Supplementary Retirement Scheme (SRS) is a voluntary scheme to encourage individuals to save for retirement, over and above their CPF savings. Contributions to SRS are eligible for tax relief. Investment returns are tax-free before withdrawal and only 50% of the withdrawals from SRS are taxable at retirement.
From 2016 onward, the maximum SRS contribution per year is $15,300 for Singapore Citizens and PRs and $35,700 for foreigners.
SRS can be used for investments purposes. Contact me to find out more on how to optimise the use of SRS funds.