Media Releases
Published Date: 17 December 2018

Singapore Savings Bonds to be opened to Supplementary Retirement Scheme funds; Individual Limit to double to S$200,000

Singapore, 17 December 2018... The Monetary Authority of Singapore (MAS) announced today that investors will be able to invest in Singapore Savings Bonds (SSB) using their Supplementary Retirement Scheme (SRS) The Supplementary Retirement Scheme is a voluntary scheme to encourage individuals to save for retirement, over and above their CPF savings. Contributions to SRS are eligible for tax relief. For more information on SRS, please refer to the Ministry of Finance’s website. funds starting from 1 February 2019. The Individual Limit for SSB will be raised to S$200,000 on the same date.

Applying for SSB using SRS funds

2     Investors will be able to apply for SSB using their SRS funds with effect from 1 February 2019. Investors may submit applications through the internet banking portals of their respective SRS Operators (DBS/POSB, OCBC and UOB). Similar to cash applications, the minimum application amount is S$500 and a S$2 transaction fee will be deducted from investors’ SRS accounts for each application.

3     Since its launch in October 2015, the SSB programme has garnered approximately S$3.7 billion of investments from close to 100,000 individual investors. During this time, there have also been requests from the public to allow the use of SRS funds for the purchase of SSB. Taking into account public feedback, MAS has worked with the banks to enable SRS funds to be invested in SSB. This will expand the range of products available to SRS members and help them save and plan for retirement. 

Increase in Individual Limit

4     With the inclusion of SRS funds, MAS will also raise the Individual Limit for SSB from S$100,000 to S$200,000. This means that, from 1 February 2019, each investor will be able to apply for up to S$200,000 of SSB, taking into account both SSB purchased using cash and SRS funds.

5     To provide investors with a consolidated view of their SSB holdings, MAS will launch a My Savings Bonds portal in March 2019. The portal will allow investors to view their total SSB holdings, purchased using both cash and SRS funds. Investors can access the portal via the SSB website (, and log in using SingPass.

6     For information on how to apply for SSB using SRS funds, please refer to the SSB website at or call the SSB hotline at 6221-3682.