SRS Account Eligible Investments Singapore

SRS (Supplementary Retirement Scheme) account eligible investments are MAS-approved financial products that Singapore investors can purchase using SRS account funds to grow retirement savings tax-efficiently — including shares, ETFs, unit trusts, bonds, Singapore Savings Bonds, fixed deposits, and certain insurance products. This page is for informational purposes only and does not constitute financial advice.

Contributing to your SRS account reduces your chargeable income for the year, but the real compounding power comes from investing those funds rather than leaving them in cash at 0.05% interest. Understanding SRS-eligible investments helps you maximise tax-deferred growth over your working years.

Full List of SRS Eligible Investments in Singapore

MAS-approved SRS-eligible investments include:

• SGX-listed shares (including S-REITs and blue chips)
• SGX-listed ETFs (STI ETF, REIT ETFs, bond ETFs)
• Unit trusts and investment-linked policies (MAS-authorised)
• Singapore Government Securities (SGS bonds) and T-bills via primary auction
• Singapore Savings Bonds (SSB) via SRS operator bank
• Fixed deposits with the SRS operator bank
• Annuities and endowment plans from MAS-licensed insurers
• Structured deposits offered by SRS operator banks

SRS funds cannot be used for overseas-listed shares, physical gold, property, or cryptocurrency.

How to Invest SRS Funds via a Brokerage

To invest SRS funds in SGX shares or ETFs, you need a separate SRS investment account linked to your SRS account. The three SRS operator banks (DBS, OCBC, UOB) allow you to link your SRS account to a brokerage CDP account. Alternatively, platforms like Endowus and Syfe accept SRS funds for their unit trust/ETF portfolios directly.

SRS-Eligible ETFs and Unit Trusts

SRS-eligible ETFs include all ETFs listed on SGX (SPDR STI ETF, Nikko AM S-REIT ETF, Phillip SGX APAC Dividend Leaders REIT ETF). Unit trusts must be MAS-authorised and available through your SRS operator bank or a licensed distributor such as Endowus or FSMOne. Endowus offers access to institutional-class unit trusts with rebated sales charges via SRS — a popular choice for passive investors. See our ETF guide for top picks.

SRS and S-REITs: Can You Buy REITs with SRS?

Yes — S-REITs listed on SGX are SRS-eligible. You can buy individual S-REITs or REIT ETFs (CFA, QL2) using SRS funds through your brokerage SRS investment account. S-REIT distributions received into your SRS account are tax-deferred — not taxed as income until SRS withdrawal. At SRS statutory withdrawal age (62 as at 2026), you pay income tax on withdrawals at a 50% concession rate — highly tax-efficient for high-yield REIT income.

SRS Fixed Deposits and Singapore Savings Bonds

Singapore Savings Bonds (SSB) can be subscribed using SRS funds via your SRS operator bank. SSBs offer step-up interest rates (approximately 2.5-3.0% average over 10 years as at Q1 2026) and are principal-guaranteed. T-bills (6-month, 1-year) can also be applied via SRS in the MAS primary auction. Fixed deposits using SRS funds are offered by all three operator banks at rates higher than the default 0.05% SRS cash interest rate. Use our T-Bill SSB FD Calculator to compare options.

SRS Insurance Products

Certain life insurance products qualify as SRS-eligible investments: endowment plans, whole life policies with SRS approval, and annuities from MAS-licensed insurers. Buying an annuity with SRS funds at the statutory withdrawal age is a popular strategy to convert SRS savings into a guaranteed monthly income stream, spreading the taxable withdrawal over many years and minimising income tax payable.

SRS Investment Returns vs Leaving Funds in Cash

The default SRS interest rate if you leave funds uninvested is 0.05% per annum — effectively zero after inflation. By investing in diversified equities or REIT ETFs with 5-8% total return, the difference over 20 years on S$100,000 is dramatic: approximately S$265,000 (invested at 7%) vs S$101,000 (cash). Always invest SRS funds rather than leaving them idle. Use our SRS Tax Savings Calculator to model your tax savings and investment growth.

Frequently Asked Questions: SRS Account Eligible Investments Singapore

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