Mission: Providing Financial Security for Individuals and their Loved ones in Good and Bad Times

Is SRS for you? Make the choice yourself…

Leave a comment

This article is very useful and very informative in addressing the usage of SRS and its benefits and disadvantages.

It clearly explains what is SRS and its main feature in reducing taxable income which can mean lots of tax savings especially for high income earner.

1) Tax savings
2) Monies to be used for investments
3) Tax free withdrawal over 10 years upon age 62 onwards

1) Taxable if early withdrawal plus 5% penalty (waived if due to death, medical grounds or bankruptcy)
2) Subjected to even more tax if withdrawn ALL AT ONCE upon age 62
3) Loss of money due to poor choice of investments




Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s