S1E198: SRS secrets to grow your retirement fund and save on taxes: BT Money Hacks

Planning for retirement is a crucial part of financial planning and one of the many tools designed to help is the Supplementary Retirement Scheme or SRS. And why is it that we tend to talk about the SRS at the end of the year and can it really help power-up our retirement savings? Howie Lim speaks to Shawn Lee, assistant vice president, financial planning literacy, DBS Bank to find out. Synopsis: Every Monday, The Business Times breaks down useful financial tips. Highlights: 01:14 Why year-end is SRS season 03:30 The downside to the SRS 05:57 Do not leave the SRS idle 08:06 Will changes to the CPF Act have an impact? --- Send us your questions, thoughts, story ideas, and feedback to [email protected]. --- Written and hosted by: Howie Lim ([email protected]) With Shawn Lee, assistant vice president, financial planning literacy, DBS Bank Edited by: Howie Lim & Claressa Monteiro Produced by: Howie Lim Engineered by: Chai Pei Chieh A podcast by BT Podcasts, The Business Times, SPH Media --- Follow BT Money Hacks podcasts every Monday: Channel: bt.sg/btmoneyhacks Amazon: bt.sg/mham Apple Podcasts: bt.sg/oeXe  Spotify: bt.sg/oeGN  YouTube Music: bt.sg/mhyt Website: bt.sg/moneyhacks Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice. Discover more BT podcast series: BT Correspondents: bt.sg/btcobt BT Market Focus at: bt.sg/btmktfocus BT Podcasts at: bt.sg/pcOM BT Branded Podcasts at: bt.sg/brpod BT Lens On: bt.sg/btlensonSee omnystudio.com/listener for privacy information.