Endowus SRS - Frequently Asked Questions(FAQ)

Save on taxes and boost your retirement savings with SRS

licensed & regulated by
Monetary Authority of Singapore
CMS License 101051
double-ledger secure:
Assets held in your own name at
Endowus & UOB Kay Hian
MAS
licensed & regulated
i
licensed & regulated by
Monetary Authority of Singapore
CMS License 101051
Endowus & UOB KH
double-ledger secure
i
double-ledge sercure:
assets held in your own name at
Endowus & UOB Kay Hian
Tax Savings
Investment Options
getting started
insights
fAQs

Save on your income taxes

Get dollar-for-dollar tax relief of up to $15,300 for Singaporeans and PRs (or up to $35,700 for foreigners).

Invest in your retirement and enjoy more tax reliefs

By contributing to your SRS, you can save up to thousands of dollars each year.
try it out today
Calculated based on an annual income of $100,000 SGD and personal reliefs of $30,000 SGD.
Annual tax relief contributions capped at $15,300 SGD for Singaporeans and PRs, and $35,700 SGD for foreigners.
how it works
Calculated based on an annual income of $100,000 SGD and personal reliefs of $30,000 SGD.
Annual tax relief contributions capped at $15,300 SGD for Singaporeans and PRs, and $35,700 SGD for foreigners.
try it out today

Calculate your tax relief

Singaporean/PR Foreigner
$
$
$
Pre-SRS contribution Post-SRS contribution
Taxable income
Tax payable

Make your SRS work harder by investing it

Short-term

Endowus
‍Cash Smart

Do better than 0.05% interest p.a. Earn higher yields of 2.3% to 3.4%* p.a at a low risk.

Short-term and low risk options with Cash Smart to earn higher yields

  • Grow your savings beyond the meagre 0.05% p.a in SRS bank account
  • Invest with a peace of mind with low risk money market and short duration bond funds
  • Depending your risk profile, you can earn yields from 2.4% to 3.5% p.a.*
*Not guaranteed. Projected yields calculated as of 30 Apr 2025.
grow your srs
Long-term

Endowus
Flagship

Amplify your risk-adjusted returns with globally diversified and low-cost portfolios.

With a longer time horizon, invest in Flagship portfolios for better returns

grow your srs
Customisable

Endowus
‍Fund Smart

Build your own portfolio with  140+ expertly curated SRS funds.

Invest in SRS funds at a low cost on Fund Smart

Popular funds include:
  • Amundi Prime USA Fund
  • Dimensional Global Core Equity Fund
  • PIMCO GIS Global Bond Fund
Get access to institutional share class funds, with 0% sales or transaction charges, and 100% Cashback on trailer fees.
grow your srs

Effortless SRS investing made easy in just 4 simple steps

1
Create an Endowus account.
2
Open an SRS account with an agent bank (DBS, OCBC or UOB).
3
Link your SRS account number. Find your SRS account number here.

4
Start investing with Endowus!

That’s it! Take the first step by creating an account and we’ll guide you through the rest.

Endowus is trusted with over $1 billion of SRS savings

Join over 300,000 investors in Singapore* who have invested their SRS and are taking charge of their retirement future.
*Source: Ministry of Finance as of Dec 2023.
Gregory Van

Chief Executive Officer

Endowus
Our mission at Endowus has always been to build a generation that will live better, because they have invested better today.



We are thankful to our clients who have entrusted us with their life savings, over $1 billion in SRS savings, to be precise.



Join us on our journey, as we seek to help you achieve better investing outcomes. We are confident we can get there together.
grow your savings
grow your savings
Gregory Van

Chief Executive Officer

Endowus

Learn more about SRS

Insights

Your guide to the Supplementary Retirement Scheme

To help you get started, here is a summary of why the SRS is important and how it operates.
Insights

SRS and compounding: A powerful synergy

Comparing the impact of time, rate of investment return, and monthly contributions on compounded SRS gains.
Insights

Best SRS investment options available

Explore diverse investment options for your SRS funds, such as low-cost, globally diversified unit trusts.

Get started with Endowus

Onboard in under 5 minutes with Singpass
grow your srs today
grow your srs today

Frequently asked questions

What is the Supplementary Retirement Scheme (SRS), and how much tax can I save?

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

What are the underlying funds in the Endowus SRS investment portfolios?

For general investing, Endowus Flagship Portfolios are composed of global equities and fixed income funds managed by best-in-class fund managers such as PIMCO, Dimensional, and Amundi. 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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I’m an existing Endowus client. How do I get SRS invested?

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.

How do I open and fund my SRS account?

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!

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