In order to make voluntary saving more attractive to people who may have to take more responsibility for their old age, the Government in 2001 introduced the Supplementary Retirement Scheme. SRS is privately administered through the three main local banks. The scheme is an efficient tax-shelter for the better-off minority who are in the income tax net or the even smaller minority who pay income tax at higher marginal rates. There is a maximum monthly limit to contain the subsidy. Tax-fore gone is the whole of the fiscal top-up. A nest-egg for the non-earning years is the principal objective. It is financially unattractive to with draw the funds before age 62.