Income Tax (Supplementary Retirement Scheme) Regulations 2003

  Table of Contents

  Enacting Formula

1 Citation and commencement

2 Definitions

3 Establishment of Supplementary Retirement Scheme

4 SRS operators

5 Termination of appointment of SRS operator

6 SRS members and SRS accounts

7 Suspension of SRS accounts

8 Contributions to SRS accounts

9 SRS contribution cap

10 Effect on contribution cap upon SRS member becoming or ceasing to be citizen of Singapore or Singapore permanent resident

11 Use and investment of SRS funds

12 Financial product providers

13 Withdrawals from SRS accounts

14 Transfer of balance standing in SRS accounts after deemed withdrawals

14A Deduction of investment from balance in SRS account

14B Valuation of investment deducted from balance of SRS account

14C Information to be provided by SRS operator following application made under regulation 14A

14D Definitions for regulations 14A, 14B and 14C

15 Amount of withdrawal under section 10L (4) of Act or of deemed withdrawal where deposits made or other investments purchased using SRS funds

16 Computation of income deemed to accrue from excess contribution

17 Fees and charges

18 Application of Regulations to existing accounts, etc.

19 Withdrawal under section 10L(3)(b) of Act disregarded in certain cases

20 Penalty

21 Composition of offences