Q: Can I make extra or voluntary Contributions to my Retirement Savings Account under the Scheme?

A: Yes, you can make voluntary contributions to your RSA in addition to the contributions made by yourself and your employer. Also, people exempt from the scheme who wish to save towards their retirement may open a Retirement Savings Account and make Voluntary contributions to their RSA. Note that voluntary contributions may be withdrawn from the RSA at any time but will be liable to tax if withdrawn within 5 years of the date the voluntary contribution is made.