SRS Withdrawal Planner
Plan your SRS withdrawals to minimize tax in retirement. Assumes 50% taxable and $20,000 personal relief.
Personal relief in retirement
Default assumes $$20,000
Custom annual withdrawal
Use your own withdrawal amount instead of the optimal suggestion.
Comparison Strategies
Optimal Withdrawal Strategy
Withdraw $40,000 / year for 10 years
Taxable portion: 50% = $20,000
Tax after reliefs: $0
This stays within the 0% tax band (first $20,000 of taxable income).
Total tax paid: $0 on $400,000
Year-by-Year Plan
10 years| Year | Withdraw | Taxable income | Tax50% taxable, relief $20,000 | Net kept | Balance left |
|---|---|---|---|---|---|
| Year 1 | $40,000 | $20,000 | $00% band | $40,000 | $360,000 |
| Year 2 | $40,000 | $20,000 | $00% band | $40,000 | $320,000 |
| Year 3 | $40,000 | $20,000 | $00% band | $40,000 | $280,000 |
| Year 4 | $40,000 | $20,000 | $00% band | $40,000 | $240,000 |
| Year 5 | $40,000 | $20,000 | $00% band | $40,000 | $200,000 |
| Year 6 | $40,000 | $20,000 | $00% band | $40,000 | $160,000 |
| Year 7 | $40,000 | $20,000 | $00% band | $40,000 | $120,000 |
| Year 8 | $40,000 | $20,000 | $00% band | $40,000 | $80,000 |
| Year 9 | $40,000 | $20,000 | $00% band | $40,000 | $40,000 |
| Year 10 | $40,000 | $20,000 | $00% band | $40,000 | $0 |
| Total | $400,000 | — | $0 | — | $0 |
This is a planning estimate; check IRAS for updated rules.
Planning a year-end SRS top-up?
Before adding new money, read the SRS deadline and tax relief guide to estimate how much of your contribution will actually reduce tax after the S$80,000 personal relief cap.
Next step guides
Turn your estimate into an action plan
After checking the numbers, use these guides to decide which tax or retirement move is worth acting on.