Encourage more people to save for their retirement

Someone told me that the supplementary retirement scheme (SRS) is attractive only to tax payers.

We need a scheme to encourage the low income earners to make additional savings for their retirement.

The only way is to give them a top-up. For every dollar that they put aside in a retirement saving plan, the government tops up with a dollar, up to a certain limit.

I hope that some attractive scheme can be devised to make it attractive for the low income earners and self-employed to save for their retirement. A dollar for dollar matching scheme can go a long way to make it attractive.