What are the various tax savings for buying AIA SRS Products?
There
are two areas whereby SRS products can achieve tax savings
for the policyholder:
Tax Relief - the policyholder will be able to claim tax relief for SRS contributions.
Tax Liability - 50% of amount withdrawn on or after the stipulated
retirement ages are subject to tax. And if the withdrawal of the benefits are done gradually
over 10 years, policyholders will generally enjoy a lower tax liability
due to a lower amount of chargeable
income each year.