 What does that mean is, on top of the 10-20% tax savings that you get to enjoy when you top out your SRS, you now also learn how to grow your SRS account with an additional 10% every single year. And if you think about it, that is you making 20-30% every single year in a very safe manner for your retirement portfolio. Do you want to learn how you can make 10-20% safely every single year without any risk? Do you want to grow your retirement portfolio without worrying about rising costs of living? If this is what you want to achieve, then keep on watching. Hi, Minasang, or Kylie, this is Chloe, and welcome back to my channel. The only one place for you to learn investing, stocks, as well as options. If it's the first time of you coming to my channel, remember to hit the subscribe button as so as the notification bell so that you will not miss out any of my future investment insights. An early thumbs up is also appreciated because it can tell YouTube that you find this content useful and it will help to actually push out to more people so that more people can learn to invest safely. Previously, I made a video about how you can actually invest your CPS safely and double your portfolio in about 5 years' time. After watching the video, one of the subscribers actually asked me whether I can do a video regarding SRS investment. And that is why I decided to dedicate this video to share with you how you can grow your SRS profitably and safely so that you can have a better retirement life. Wait, even if you do not have an SRS account right now, do not worry, I want you to really watch this video to the very end so that you can also learn how you can grow your retirement portfolio in a very safe manner and generate 10-20% return every single year without any risk. And I'm not kidding about it. Now let me explain to you what is SRS. Basically, it stands for Supplementary Retirement Scheme. In simple words, it's an account that you can voluntarily top out money every single year to grow your retirement savings. The cool thing is, it doesn't matter whether you are Singaporean or whether you are foreigner working in Singapore, you can choose to voluntarily top out your SRS account and enjoy immediate tax savings of up to 22% every single year. So why would I recommend you to top out your SRS account? Because if you don't do so, the money will go to the government in the form of tax anyway. And that is why you might as well top out your SRS account so they have more savings for retirement. It's extremely useful especially if you are a high income earner. Now let's take a look at the following table and you can get to see for yourself how much savings you get to have as well as how much return you get to make immediately the moment you choose to decide to top out your SRS. If your annual salary is more than $100,000, by contributing $15,300 to your SRS every year, you get to save $1,760 tax savings every single year. And if you think about it, there is 11.5% return without any risk. And if you continuously do that for the next 10 years, you will get to enjoy more than $17,000 of savings. Money that will have gone to the government anyway if you choose not to top out your SRS. And if you make $150,000 per year, you can actually save $2,295 per year, amounting to nearly $23,000 of savings in the next 10 years. And that is equivalent to you making 15% safely every year. And the higher is your annual income, the more tax savings you get to enjoy and the more return you get to make. In fact, the highest ROI is 22% per year. If your annual income is more than $350,000. And if you are foreigner working in Singapore, you also get to enjoy tax deduction benefits like this. And you can even choose to top out a higher amount, a maximum of $35,700 per year. Now after you top up your SRS, you may be wondering what should you do next in order to increase your profits even further? And the answer lies in investing. If you do not invest your SRS account, you will only get 0.5% return every year which is so low. That is why make sure you learn how to invest your SRS in a very safe manner so that you can get to enjoy exponential portfolio growth even for your retirement sum. And here's how you can make 10% safely every single year with your SRS account. The platform that I will be choosing to invest my SRS account will be Endowers because it will enable me to easily invest in a US S&P 500 index which can give me a very decent 10% annualized return in the next 10 years. In fact, just for the past 5 years, S&P 500 has gone up more than 111% that is equivalent to more than 20% growth year on year. And if you look at my Endowers account through which I actually invested my CP have inside through the S&P 500 index that I just mentioned to you, my account has grown close to 8% for the past 1.5 months ever since I published my video over here. That is equivalent to more than $3,700 of profits in a very very safe manner. So if you have not watched my video where I share with you how you can double your CPF in the next 5 to 10 years, then make sure you catch it right here. And if you want to consider using Endowers to grow your CPF as a SRS, all you to do is to open your account with the link below over here so that you can get $20 when you fund your account with only $1,000. Now I'm going to show you step by step how you can use Endowers to invest in an infinity 500 fund so that you can grow your retirement portfolio even faster. What you need to do is proceed, you need to link your SRS account. So once you are logging into Endowers, basically you will see this dashboard. All you need to do is to click on link account. All right. And because I have not set up my SRS account yet, so just nice. I can set up everything. Okay. So you just click on the SRS account and then you can see how do I open an SRS account. Okay. So this is where you click on the link and just follow the instructions. So what I will do is actually I will use OCBC because I already linked my CPF investment account with OCBC and I thought it would be easier if I just continue to stick to the same bank for my own SRS investment as well. So what I need to do is go to the link and under investment. Okay. Under OCBC investment, you can see that there is this SRS account. Right. So all you to do is click here and then just apply online accordingly. So I just completed filling out all the forms. It takes about like two minutes. And right now, obviously I have successfully submitted my application. They are doing the review. And if I check my email, I will also receive an email from OCBC saying that they are reviewing my application status. And this is basically within the next five days, they will send me additional details for me to successfully open my SRS account. So what I need to do is I wait for OCBC to get back to me and then I can link my OCBC SRS account to endowers for me to start investing. So as you can see, I have already successfully contributed $15,300 to my SRS account, which is the maximum that I can contribute for this year. All right. And right now all I have to do is to go back to my endowers and you can see that I have actually also linked my endowers account to my SRS account so that I can start using endowers to invest my SRS money. Now, what I need to do next is actually I can set goals and to endowers. Once again, I can actually invest in infinity 500 fund. And that's how it's as safe that I'm using SRS account to invest in the S&P 500 index. Now, what I need to do next is to add goal. All right. And under that goal, you can see that over here, I want to choose build your own portfolio. And then under fund smart, I can actually invest my SRS amount. All right. So I need to do is click this and I continue. And I will just name it as SRS investment. And what's next is over here, you have to choose what kind of fund source are you going to choose from? And that will be SRS and the goal type is definitely meet to long term because when it comes to investing in the S&P 500 index, it do need at least a five to 10 years kind of horizon to really see a very decent 10 to 15 percent annualized return every single year. And then for my recent investment level, I will just make it to be slightly higher, like 40 percent. So what you need to do next is you need to choose from different funds. It's called infinity US 500 stock index. So what I need to do next is to go and search for 500, which is the lion global infinity 500 share fund. And after that, all right, I'm just going to make it 100 percent allocation. So your initial investment, it's up to you. How much do you want to invest in these S&P 500 using your SRS? You can choose $10,000. You can choose $2,000. It's really up to you. So for myself, I'm just going to use $2,000 as an example, because there are actually other ways for me to invest my SRS as well. And I actually want to make a video for you later on. So I'm just going to use $2,000 as a demonstration first. And after that, I'm just going to come from, they will tell you about some of the fees incurred. Definitely when you invest through and dollars, there are certain fees being charged because at the end of the day, this is a fund. However, this fund is a very passive fund. Basically, it just tracks the S&P 500 index. So the fees that you are paying is very, very low as compared to you buying any other unit trucks. All right. So once you are done, all you need to do is to click on Confirm by SMS. And you can see that, OK, GoAce has already been created. No further action is required. And it takes about four to five business days for my investment to go through. So if you want to enjoy instant tax savings and grow your SRS account 10 to 20 percent risk-free, then do make sure you contribute to your SRS by 31st of December every year so that you will get to enjoy your tax relief the following year. In fact, apart from investing in the S&P 500, I heard that you can even use SRS to invest in individual US companies as well as cryptocurrency. I'm still in the process of researching exactly how I can do it. So if you do want me to make a video about my findings, then comment down below and I will make a video for you. I hope you find this video helpful. Remember to give it a thumbs up and share out so that more people get to benefit how to invest their SIS accounts safely. Also remember to follow my Telegram channel because I constantly update all my investment insights over there as well. With that, happy investing and I will see you in the next video. Mata, like I. Bye bye.