1) The maximum amount of Singapore Savings Bonds (SSB) that an individual can hold will be raised to S$200,000 from the current S$100,000
2) Investors are allowed to buy the instruments using their Supplementary Retirement Scheme (SRS) funds
Both changes will take effect from Feb 1, 2019.
So, please don't leave your SRS funds idle! Use it to buy SSB (which is risk-free investment) if you have no intention to invest it elsewhere.
Note:
There is a SRS contribution cap of S$15,300 per year for Singaporeans and permanent residents (PR), and S$35,700 for foreigners
No comments:
Post a Comment