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18 May 2025

SRS deposits have been steadily rising to over $20.58 billion in 2024. Endowus Chief Client Officer, So Sin Ting, observed strong growth among the 36-45 age group amongst the company’s clients, who often belonged to the “sandwich generation”. She attributed the trend to growing financial literacy, employer support, and broader investment options available under SRS. So also noted that if the scheme is optimised further, such as extending the 10-year withdrawal period, additional safeguards may be needed to help users fully maximise their retirement savings.

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