Part 7/10:
Jeremy, a financial advisor working alongside Tara, highlights the importance of tax-efficient investing. Strategies like contributing to the Supplementary Retirement Scheme (SRS)—up to $15,300 annually—and making voluntary top-ups to the Central Provident Fund (CPF) can significantly reduce taxable income. Both schemes offer tax benefits, with SRS funds being investable in managed portfolios to generate higher returns, while CPF top-ups also serve as a shield against taxes and help grow retirement savings.