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UOB SRS Account

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Every dollar that you place in a UOB-Supplementary Retirement Scheme Account can help reduce your chargeable income by a dollar. Which is why it pays to plan your retirement early. Simply open a SRS account with us and start enjoying tax savings today.

Benefits

Requirements

  • You must be at least 18 years old
  • You are not an undischarged bankrupt
  • You must have an SRS account with UOB in order to place an SRS Contribution in UOB
  • You can contribute any amount from S$1 up to the maximum contribution cap
Calculating your contribution cap

 Singaporeans / Permanent ResidentsForeigners
SRS Contribution Formula17 X Prevailing CPF Salary Ceiling* X Contribution Rate
CPF Salary Ceiling* S$5,000
Contribution Rate*** 15%35%
Maximum SRS Contribution Cap S$12,750 S$29,750

*The prevailing CPF salary ceiling may differ each year.
***The SRS contribution rate is 15% for Singaporeans and Singapore Permanent Residents, and 35% for foreigners.

Rates & Fees

All SRS account charges are waived till 31 Dec 2013, except for Gold Certificate, Inter-Bank Transfer of account and Cancellation of Trade. Please refer to the table below for details:

Types of TransactionsCharges

UOB SRS Account Transaction Charge for: Purchase/Sale of

  • Shares
  • Loan Stocks
  • Unit Trusts
  • Exchange Traded Fund
  • Property Fund
  • Corporate Bond
  • Fixed Deposits
  • Fund Management Accounts
  • Insurance Policies
  • Investment Administrator
  • Singapore Government Securities
  • Statutory Board Bonds
  • Bonds Guaranteed by Singapore Government

 Waived till 31 Dec 2013
Gold Certificate (Product-related charge) S$5 per certificate and an administrative charge of S$36 per kilobar per annum
Inter-bank Transfer of AccountS$3 per 1,000 shares/units or part thereof subject to a maximum of S$30 per counter and S$3 per counter for other investments
Cancellation of TradesS$5 to process each failed transaction

Note:
All charges for account holders with country of residence in Singapore are subject to Singapore's Goods and Services Tax. All charges are subject to change at the Bank's discretion. A detailed schedule of the Bank's charges is also available on request.

Apply Now

  • Visit any UOB Group Branch to open an account
  • For general enquiries, call us 24-hour, toll-free at 1800 222 2121
  • For account-related enquiries, call us 24-hour, toll-free at 1800 538 8011 / 8022

Investing with SRS Subscription

Learn more about investments that allow for SRS subscription:

More information


  • Deposit Insurance Scheme
      1. Singapore dollar deposits of non-bank depositors and monies deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law.
      2. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.




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