With the recently announced personal income tax rebate and reduction of personal tax rates, it may no longer benefit middle income earners to participate in SRS, since there is now less tax benefit to counter the many disadvantages such as locking up your funds for a long time, capital gain are taxable etc

We should re-calculate our sums using the latest info instead of relying on the outdated info in the above-mentioned blogs.

Agree to the comment that one should participate in SRS when nearing retirement since one's income is at the highest and the tax benefit from SRS will be the most. The money will not be lock up for too long. There will be less time for capital gain to compound, resulting in a withdrawl amount large enough to attract a tax, thereby negating the SRS tax benefit at the time of contribution.