SRS investing for everyone.

SRS is a voluntary scheme to encourage individuals (Singapore citizens, PRs, and foreigners working in Singapore) to save for retirement with tax benefits and employer contributions. Invest your SRS with Endowus to generate potentially higher retirement savings.

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Dollar for dollar tax savings

For every dollar that you contribute, your taxable income is reduced, subject to the personal income tax relief cap of $80,000. The money contributed has restricted use and can mainly only be used for investment purposes.

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Annual contribution cap

There is an SRS annual contribution cap of $15,300 per annum for Singapore citizens and SPRs, and $35,700 for foreigners.

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Example of tax savings

The more you contribute to SRS, the more tax savings you can get. Here’s an illustration of how much tax you can save as a Singapore citizen or PR:

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• Annual income: S$100,000
• Personal reliefs (CPF, qualifying child, etc.): -S$36,000
• SRS contribution: -S$15,300
• Chargeable income: S$51,300
• Taxes due with SRS contribution: S$1,159
• (Taxes due if no SRS contribution: S$2,230)

Annual tax potentially reduced by 48% with SRS contribution

For general investing, Endowus SRS portfolios are composed of global equities and fixed income funds managed by best-in-class fund managers such as PIMCO, Dimensional, and Vanguard. For Cash Smart portfolios, please refer to the Cash Smart page here.

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Unlike other fund platforms, financial advisors, brokers, banks or distributors, Endowus accesses the institutional share-class of funds that have lower fees, never charges a sales fee, and rebates 100% of trailer fees so you keep more of your returns.

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To see more information on the exact portfolios at each level of risk, underlying holdings, historical returns, fees, and more, create your Endowus account for free.

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SRS portfolio underlying equity funds:

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Dimensional Global Core Equity

The fund systematically invests in global developed countries, and is generally overweight in shares of smaller sized companies, value companies and profitable companies, the proven long-term dimensions of higher expected returns.

Fund rationale | KIID/PHS

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Lion Infinity (Vanguard) US 500 Stock Index

A passive index investment strategy using the Vanguard US 500 Stock Index Fund as the underlying fund that is designed to track the performance of the S&P 500 index of large US companies, by investing in all, or a representative sample, of securities that make up the index.

Fund rationale | KIID/PHS

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Dimensional Emerging Markets Large Cap Core Equity

The fund invests in emerging market large cap equities. Within the universe of eligible companies, the Fund will have a greater exposure to companies with a smaller relative market cap, value companies, and profitable companies.

Fund rationale | KIID/PHS

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Dimensional Pac Basin Small Companies

Diversified portfolio of over 2,000 smaller companies by market capitalisation located in the Pacific Basin (Australia, China, Hong Kong, Japan, New Zealand, Singapore, South Korea and Taiwan).

Fund rationale | KIID/PHS

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SRS portfolio underlying fixed income funds:

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PIMCO GIS Global Bond Fund

A diverse, actively managed portfolio of global fixed income securities. The Fund invests primarily in a diversified portfolio of investment grade bonds denominated in major world currencies.

Fund rationale | KIID/PHS

PIMCO GIS Income Fund

The Income Fund is a portfolio that is actively managed and utilizes a broad range of fixed income securities that seek to produce an attractive level of income while maintaining a relatively low-risk profile, with a secondary goal of capital appreciation.

Fund rationale | KIID/PHS

Dimensional Global Core Fixed Income Fd

The Fund aims to maximise total returns in Singapore Dollar terms over the longer term by investing in fixed or floating rate fixed income instruments issued by sovereigns and corporates, with a view to capture expected credit and term premiums.

Fund rationale | KIID/PHS

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PIMCO GIS Emerging Markets Bond Fund

A diverse portfolio consisting primarily of fixed income securities from issuers in, or economically tied to, emerging or developing countries. Assets may be denominated in US dollars or local currencies. The fund is actively managed to maximise total return potential and minimise risk relative to the benchmark.

Fund rationale | KIID/PHS

For general investing, Endowus charges an Access Fee of 0.40% per year, which includes portfolio advice & creation, unlimited transactions, all at your convenience on the Endowus platform.

For example, if your account has an average value of S$10,000, Endowus will transparently make S$40 per year from you.

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For Cash Smart, the Endowus Access Fee is 0.05% per year.

Endowus has no sales fees, and 100% trailer fee rebates. Unlike other platforms, we do not collect kickbacks from fund managers. We are only paid by you, the client we serve.

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Paying the Access Fee is seamless and transparent. We charge our Access Fee on a quarterly basis based on your daily average total assets under advice for that quarter. We will seamlessly redeem part of your SRS investment portfolio, equivalent to your fees due for the quarter.

It is much lower cost to buy, maintain, and grow your money with Endowus  than it would be to replicate them on a popular “low cost, no fee” fund platform. Endowus also rebates 100% of trailer fees, and gives access to the institutional share class of funds, which typically are half the cost of a retail fund share class.

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For example, when you buy the PIMCO Income Fund at a private bank or broker, you may be sold the retail share class, which has a total expense ratio of 1.45%, plus any sales fees (typically 1-5%), plus any custodian fees (typically 0.20% to 0.50% per year). This means that you may have a total cost of ownership in the first year of over 3%.

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With Endowus, we access the institutional share class of the same fund, which has a total expense ratio of 0.55%, no sales fees, no transaction fees, and the Endowus Access Fee of 0.40% per year. This means you have a total cost of ownership of 0.95%.

1) Simply log in to your Endowus account,
2) Go to "Invest | Redeem"

3a) "Add new goal" and select "Invest my SRS", or
3b) select an existing goal, and "add my SRS to this goal".

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If you do not see SRS as an investment option, you need to link your SRS account here.

You can open an SRS account if you are:

• A Singaporean, Permanent Resident (PRs) or foreigner working in Singapore
• At least 18 years old
• Not an undischarged bankrupt

There are three SRS operators (UOB, DBS & OCBC). You can register for an SRS account with any of them on their online platforms.  You can fund your SRS account by internal bank transfer.

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Once you have have your SRS account number, you only have to link it to your Endowus account and start investing!