Opening an SRS account can help Singaporeans, PRs, and Foreigners save on income tax — the biggest appeal of the SRS account.

Thankfully, there are many tax relief schemes that you can qualify for.

By being a mother or signing up for a course to upskill, you are entitled to relief schemes that can help to subtract your taxable income by up to S$80,000. 

Full List of Items - IRAS | Tax reliefs, rebates and deductions