Why SRS accounts are a good way to save

[phantom]

IMHO, for PMETs earning about 100-150kpa, exhaust the following options first before considering SRS as a tax saving tool:

1. CPF MA-VC (whenever below min sum)
2. CPF SA-VC of 7k to your own CPF SA

You achieve the same tax saving but:

1. No 50% tax upon death or use of CPF-MA for hospital bills, insurance etc
2. It helps to achieve your CPF-SA min sum without pledging your property at age of 55
3. If you want to use CPF-OA to fund 2nd property, (2) comes in handy

Agree with d.o.g that if income below 100k or more than 150k don't even bother