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Review: 3 Best SRS Retirement Plans for Wealth Accumulation in Singapore

Last Updated on by Tree of Wealth

The Supplementary Retirement Scheme is a great plan for those that wish to save for retirement above their CPF savings. The SRS monies can be invested in SRS-approved installations such as EFTs, annuities and insurance, unit trusts and shares. These SRS-approved retirement plans allow you to save and later generate a stable and long-term financial payout upon retirement.

Click here to know more about the SRS – SRS: All you need to know about the Supplementary Retirement Scheme

SRS: All you need to know about the Supplementary Retirement Scheme

The Best SRS-approved retirement annuity plans for wealth accumulation.

This section will review some of the best SRS-approved retirement annuity plan for wealth accumulation. The retirement plans that are featured here not only offer stable financial returns but also ensure a guaranteed principal upon maturity. These plans include:


Plan Name

Singlife with Aviva

Singlife Flexi Life Income II (previously MyLifeIncome III)


ReadyBuilder (II) and RetireReady Plus (III)

NTUC Income

Gro Retire Flex Pro

Also, another plus point is that they all complement your CPF Life and CPF Retirement Sum Scheme.

How to get higher financial returns on your SRS account

Although the interest rate in your SRS account has generally been low at a rate of 0.05% per annum, it is still possible to use these funds for various SRS-approved financial instruments.

Generally, investing your SRS monies will depend on your investment risk appetite. For lower risks and stable long-term returns you ought to go for Retirement Annuity and Insurance Savings Endowment plans. For higher risks and Higher Potential Returns, EFTs/Unit Trust Funds and Stocks and shares are a great option.

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The Singlife Flexi Life Income II is Suitable if You:

  • Flexible Premium Terms
  • Low risk endowment instrument for guaranteed life payout
  • Prefer Guaranteed Life Income as well as guarantee on capital of total premiums paid at the end of the selected Accumulation period
  • Want a steady stream of guaranteed income (coupled with non guaranteed bonuses)
  • Ease of application, no medical underwriting
  • No fluctuation on premiums

Read More:

Singlife Flexi Life Income II: 5th Year Break-Even Guaranteed (Aviva MyLifeIncome)

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Why We Like Income Gro Retire Flex Pro

  • Accidental Death Benefit
  • Disability Care Benefit
  • Retrenchment Benefit
  • Stable Yield and returns

Read More:

NTUC Income Gro Retire Flex Pro Retirement Plan Review


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The Manulife ReadyBuilder (II) is Suitable if You:

  • You wish to accumulate wealth or legacy planning to leave your beneficiaries with an inheritance.
  • Choose to change life insured after 2 years into the plan to continue your legacy planning efforts.
  • You have certain life milestones that may need cash funding. This policy allows you to withdraw cash to facilitate some important life milestones such as starting a business or paying for your child’s college tuition fee, or even your own retirement.

Find Out More:

Manulife ReadyBuilder (II) Legacy Endowment Plan For Retirement, BTIR, Child’s Edu & Legacy Planning [In-depth Analysis Review]

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Why is Manulife ReadyRetire Plus III a good choice?

Competitive Endowment Returns

If you pay premiums of S$19,467 annually for 10 years, your total premiums paid would amount to S$194,670.

Guaranteed Portion

If the policy guarantees a payout of S$1,000 per month for 20 years, this would total to S$240,000.

Non-Guaranteed Portion

Assuming a projected rate of return (ROR) of 4.75% per annum, the non-guaranteed portion (additional payouts beyond the guaranteed S$1,000 per month) would amount to approximately S$242,119.20 over 20 years.

Total Received

By adding the guaranteed and non-guaranteed portions together, you would receive a total of S$482,119 over the 20-year payout period.

Read More:

REVIEW – Manulife RetireReady Plus III Sets You Ready to Retire

Where can I compare the payout and benefits of retirement annuity policies?

Once you have made your financial commitment, it is too late to regret as specific product features, benefits and payouts will differ more than you think across insurance companies. This is why you need to compare product features, benefits and most importantly, the payouts. 

Which SRS retirement annuity plan should you choose?

All the retirement annuity plans reviewed here can help you meet your cash demands during retirement but the product you choose will ultimately depend on your finanial portfolio.

Supplementary Retirement Scheme (SRS) can be an effective vehicle to supplement your CPF savings and build a comfortable nest egg for retirement. By judiciously investing your SRS funds in approved financial instruments like those above, you can unlock substantial potential for wealth growth.

However, the key to reaping the full benefits lies in choosing the right retirement plan tailored to your specific financial goals and risk tolerance. Our team of seasoned financial advisors can help guide you in this process. Don’t leave your future to chance – contact our advisors today to start planning a secure and prosperous retirement.


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