CPF vs SRS | Which Should You Top Up First?

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0:00 - Intro
0:51 - Assess your financial situation
2:00 - Topping up to SRS
7:18 - Topping up to CPF
10:34 - Which should you top up first?
13:03 - Conclusion
None of this is meant to be construed as investment advice. It's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites.

[@KelvinLearnsInvesting]

Sponsor: Tiger Brokers (free stock) kvli.link/tiger ROBOADVISORS ► Endowus (free $50) kvli.link/endowus ► Syfe kvli.link/syfe ► StashAway (50% off fees) kvli.link/stashaway ► AutoWealth (free $20) CODE "KelvinLearnsInvesting" kvli.link/autowealth ► UOBAM Invest kvli.link/uobaminvest ► Kristal.AI kvli.link/kristal ► DBS digiPortfolio: go.dbs.com/kelvinrdp ► OCBC RoboInvest CODE "SKVFQ" CRYPTO ► KuCoin kvli.link/kucoin ► Crypto.com app (free $25) CODE "kelvinlearnsinvest" kvli.link/cryptoapp ► Crypto.com exchange CODE "kelvinlearnsinvest" kvli.link/cryptoexchange ► Coinhako (20% discount) kvli.link/coinhako ►‌ Coinbase (free $10) kvli.link/coinbase ►‌ Independent Reserve kvli.link/independentreserve ►‌ Tokenize Xchange kvli.link/tokenize ► Ledger kvli.link/ledger ► Trezor kvli.link/trezor RESEARCH ► Seeking Alpha (offer price) kvli.link/seekingalpha ► Simply Wall St kvli.link/simplywallst ► TradingView kvli.link/tradingview PAYMENT ► Trust Bank (free $10) CODE "R2MQBA4S" kvli.link/trust ► Instarem Amaze CODE "plTefu" kvli.link/amaze ► CardUp ($30 off) CODE "KELINVEST" kvli.link/cardup ► ipaymy kvli.link/ipaymy ► Revolut kvli.link/revolut ► YouTrip (free $5) kvli.link/youtrip ► BigPay (free $5) CODE "QBHVUHL7HU" kvli.link/bigpay ► Wise (free transfer) kvli.link/wise ► SIA Kris+ (free $5) CODE "T425139" kvli.link/krisplus ► DBS Paylah (free $5) CODE "AHVULE614" ► FavePay (free $1) CODE "FAVETANKEL" kvli.link/fave LIFESTYLE ‌► Envato kvli.link/envato ►‌ ‌Ohmyhome kvli.link/ohmyhome

[@kenneth3132]

Hi Kelvin, for foreigners I believe the 24% is initially charged but will be refunded, the actual tax is 15% on 50% of the sum withdrawn , so that is about 7.5% of the full amount, you can read on IRAS "Withholding tax is not the final tax payable" as well as "applying for refund".

[@nicklovia]

Hi kelvin, which bank is a better choice to open an SRS account? Or any bank will do?

[@gslin2729]

Thank you for a very informative video, as always. For SRS, if one no longer a SG citizen/PR during withdrawal, what will the withholding tax rate be?

[@whizkid4690]

You forget to mention that Supplementary Retirement Scheme (SRS) can buy T-bills.

[@Buy_YT_Views.293]

this moment will be very memorable for me

[@carnesir]

my personal goal changed as need to buy house. so no cpf/srs top ups for me this year.

[@purpletulip1688]

Yeah. I top up both..

[@bigno1900]

i always max out cpf first before touching SRS.

[@Longtermalwayswins]

when your at 400k and above... its really just SRS and yearly VCMA plus charity donations

[@DoJoe.]

Kelvin, I usually top up 8K to cpf to reduce income tax. Are you say I can also top up SRS in addition? Will it reduce taxable amount by how much I put into srs?

[@KelvinLearnsInvesting]

It depends which tax bracket you are in. If let’s say you are at the 7% bracket, and you contribute $5k to srs, this means u saved $5k x 7% = $350 in taxes

[@a_rabbits_sharing]

For last year I did both to minimise tax. From potentially 5k to 2k. Then I use my srs to invest also buy tbill and ssb

[@ron2040]

Just cut hair? Why hair like 80s star trek's stars

[@henrylee1269]

Kelvin, u got more exclusive content or not.. Too boring lah same old same old cpf, srs, etf, sp500, robo investment

[@KelvinLearnsInvesting]

Do u have something in mind?

[@henrylee1269]

​@@KelvinLearnsInvestingHow about best brokerage for UCITS ETFs?

[@ivanirwanlim4514]

how about tariff bills?