SRS investing for everyone.
Grow your retirement nest and save on tax by investing your SRS savings in intelligent investment plans tailor made for you.
Calculate your income tax relief from SRS contributions
Find out your total personal income tax relief. Key in your estimated income earned, expected tax reliefs (including employee CPF Contributions, Earned Income Relief, Donations etc) into the calculator. Input your desired SRS contribution, and calculate your tax savings made from SRS.
SRS investing done right.
No transaction fees
100% trailer fee rebates
Higher expected returns for your SRS monies.
Endowus Supplementary Retirement Scheme (SRS) portfolios access the best equities and fixed income funds managed by PIMCO, Dimensional, and Vanguard, so you can invest efficiently towards your long-term money goals. Endowus will advise you on an investment plan suitable for your risk tolerance and goals.
Personalised SRS investment advice for your retirement and long-term wealth
On top of tax savings, investing your SRS monies with Endowus is personalised, flexible and low cost, with our all-in Access Fee of 0.40% per year, with no sales charges, no transaction fees, and 100% trailer fee rebates.
Whether you are young and can afford to be more aggressive, or you are a retiree focused on capital preservation, we have the suitable SRS investment solutions for you.
Need advice? Schedule a call with our MAS-licensed financial advisors.
Access professionally managed portfolios at your fingertips
Your SRS portfolio accesses funds managed by leading global fund managers like PIMCO, Dimensional & Vanguard, with the scale and proven track records to implement their time-tested strategies and manage your money efficiently.
Assets safely held in your name at UOB Kay Hian
When you create an Endowus account, we will create a trust account in your own name at UOB Kay Hian, Singapore's largest broker. Your trust account will safely handle your assets and process all the transactions you make on the Endowus platform.
Years to earn.
Frequently asked questions
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.
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.
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.
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:
- 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.
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.
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.
SRS portfolio underlying equity funds:
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.
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.
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.
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).
SRS portfolio underlying fixed income funds:
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.
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.
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.
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.
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.
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.
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.
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%.
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%.
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.
Once you have have your SRS account number, you only have to link it to your Endowus account and start investing!