UOB SRS Account

Benefits

• Tax benefits
  • Reap tax-free investment gains (with the exception of Singapore dividends) in your SRS account.
  • Enjoy tax relief for next year from your SRS contributions this year.
  • Receive tax reductions upon retirement. As only 50% of the withdrawal¹ will be subject to income tax, you can expect greater tax savings should you choose to spread your withdrawals¹ over 10 years upon retirement.
• The flexibility to withdraw at any time
  • You have the flexibility to withdraw from your UOB-SRS account at any time. However, a 5% penalty for premature withdrawal applies, should the withdrawal be made before the statutory retirement age. The amount, together with 100% of the withdrawal, will be subjected to tax.
    
    Note: A withholding tax is imposed on all withdrawals made by foreigners and Singapore Permanent Residents. The amount of tax withheld corresponds to the year's prevailing tax rate
• Wide range of investment opportunities
  • Take advantage of the wide range of investment opportunities from UOB, including fixed deposits, unit trusts, life insurance, shares and many more.
• Consolidated monthly statements
  • Receive a complete record of your monthly transactions and investment portfolio with updated valuations and cash balance.
• Earn daily interest
  • Enjoy daily interest on the uninvested cash balance in your UOB-SRS Account (similar to CPFIA interest rates).
• Deposit Insurance
  • Monies denominated in Singapore dollars placed by an individual or a charity with full banks and finance companies in Singapore under the CPFIS are covered under the Deposit Insurance Scheme. For details, click here.

Requirements

Rates & Fees

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