One SRS Investment
Three Benefits

Beat inflation and grow your retirement savings while enjoying tax relief with MoneyOwl

The promotion is valid from 12 October to 31 December 2022. Limited to the first 400 eligible clients. T&Cs apply. 

2022 SRS Promotion

Get up to $500 FairPrice E-vouchers* when you invest your Supplementary Retirement Scheme (SRS) funds with MoneyOwl

SRS is a voluntary scheme that encourages you to save and grow your monies for your old age. Invest your SRS funds to grow your savings for retirement, enjoy tax relief, and for a limited time only, receive exclusive vouchers*.

Save on taxes

Enjoy dollar-for-dollar tax relief^ from your SRS contributions.

Grow your retirement savings

Choose from a range of low-cost investment products such as MoneyOwl's Nobel prize-winning Dimensional portfolios which captures market-based returns by investing in a large range of globally diversified securities.

Beat Inflation

Cash in your SRS account only earns 0.05% p.a. and will be chipped away by inflation over the years. Beat inflation by investing in SRS-approved instruments and passively earn better returns over the long-term.

*Terms and conditions apply. Click here for the full terms and conditions. Limited to the first 400 eligible clients only. 

^Dollar-for-dollar tax relief when you make SRS contributions of up to a maximum of $15,300 for Singaporean citizens/PRs and $35,700 for foreigners.  Subject to personal income tax relief cap of $80,000 per year.

How much taxes can you save?

Here is an example of how you can save on taxes with SRS.

  Without SRS With SRS
Annual Income $100,000 $100,000
Personal Reliefs $25,000 $25,000
SRS contribution $15,300
Taxable Income $75,000 $59,700
Total tax payable $3,000 $1,929
  Your tax savings = $1,071.
You save 35.70% in taxes this year!

Figures are an estimate only. 

  Without SRS With SRS
Annual Income $100,000 $100,000
Personal Reliefs $25,000 $25,000
SRS contribution $15,300
Taxable Income $75,000 $59,700
Total tax payable $3,000 $1,929
  Your tax savings = S$1,071.
You save 35.70% in taxes this year!

Recommended Solutions

Ready to invest your SRS savings? MoneyOwl recommends the following investment solutions.

WiseSaver

Park spare cash to generate consistent, low-risk returns with liquidity and flexibility.

WiseIncome

Generate a sustainable stream of passive income and boost your retirement savings.

Dimensional

Invest in a broad range of diversified portfolios according to your risk appetite.

How to qualify for this promotion

Step 1: Open an SRS account online instantaneously with DBS, OCBC or UOB.

Step 2: For new clients, start investing by opening a MoneyOwl account and creating an investment portfolio. For existing clients, simply start investing and select “SRS” as your funding method for your selected portfolio.

Step 3: Stay invested until end of February 2023 to qualify for this promotion. Vouchers will be sent to you in March 2023. 

 

Qualifying Criteria

Get up to $500 FairPrice E-vouchers to help you with rising inflation.

SRS funds invested through MoneyOwl Rewards
$5,000 – $9,999 fresh funds invested $30 FairPrice E-vouchers
$10,000 – $49,999 fresh funds invested $80 FairPrice E-vouchers
$50,000 – $199,999 fresh funds invested $150 FairPrice E-vouchers
≥$200,000 fresh funds invested $500 FairPrice E-vouchers

Recommended next steps

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

Terms & Conditions

  1. This promotion is only valid from 12 October to 31 December 2022.
  2. This promotion is valid for one-time top-ups using SRS funds only. Regular savings plans/ monthly SRS investments are not eligible.
  3. This promotion is not valid for cash investments.
  4. This promotion is limited to the first 400 eligible clients.
  5. You need to stay invested until end of February 2023. Vouchers will be sent to you in March 2023.
  6. Both new and existing MoneyOwl clients are eligible for this campaign.
  7. MoneyOwl reserves the right to change these terms and conditions.
  8. For any enquiries, contact us here or email us at enquiries@moneyowl.com.sg.

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Frequently Asked Questions

Your sell request will be processed at 3pm on the current business day if we received your sell request before 3 pm. If your sell request is received after 3pm, the request will be processed at 3 pm the next business day.

Firstly, you need to open an SRS account with any of the three SRS operators: DBS, OCBC or UOB. You can then choose to transfer monies into your SRS account.

  • Login> Under Investment and Savings Card> Select one of the portfolios
  • Click on ‘Add Portfolio’> Select Personal Account> Select your investment goal
  • Select ‘SRS’ as the funding method> Follow the on-screen instruction and proceed accordingly

Fill in your SRS Account Details (Please ensure there are sufficient fund in your SRS Account as the amount will be deducted immediately to process the buy request)> Key in the Promo Code (if any)> Continue

You can only open one SRS account with any of the three operators: DBS, OCBC or UOB. It is an offence and there are penalties to open SRS accounts with more than 1 operator.

Yes, you can. You will need to obtain the “Transfer of Account Form” from the new SRS operator, who will then liaise with your existing operator to effect the transfer. Please email to inv_ops@moneyowl.com.sg when the transfer is completed. We may request for additional supporting documents.