| 4.19 For those who wish to set aside
additional savings outside of CPF, I will simplify the
rules on the contribution caps of the Supplementary
Retirement Scheme or SRS. Instead of capping the amount
of SRS an individual can contribute at his income level
and having separate caps for employees and the self-employed,
we will now apply a common absolute cap of 17 months
of the prevailing CPF salary ceiling. This will take
effect from YA2006. This will allow Singaporeans who
earn below the CPF income ceiling and those who are
self-employed to contribute more to their SRS accounts.
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