Kaptal

SRS Withdrawal Planner

There is no government SRS calculator — not at CPF, not at MOF. This one models the ten-year drawdown, and the very different rules that apply if you are a foreigner.

Singapore · YA2026 resident rates

Your situation

Your status changes the rules completely.

Ten-year staggered withdrawal window, taxed at resident rates. Contribution cap S$15,300.


S$
S$

Rental, part-time work, director fees. Most retirees have little or none — which is what makes the staggered withdrawal so effective.

Result

Spreading the withdrawal over ten years versus taking it all at once.

Tax saved by spreading over 10 years

Spread over 10 years

Lump sum


Year-by-year schedule

YearWithdrawnTaxable (50 %)Tax

Why the foreigner case is completely different

A Singapore Citizen or PR withdraws over a ten-year window starting at the statutory retirement age, with 50 % of each withdrawal taxable at resident rates. Because Singapore's brackets start at 0 % on the first S$20,000, a retiree with little other income can often withdraw a substantial sum paying almost nothing.

A foreigner faces a structurally different event. The 5 % early-withdrawal penalty is waived only if you are not a Citizen or PR on the withdrawal date and for the ten years before it, the account has been open ten years or more, and you take one single full withdrawal — a partial withdrawal forfeits the waiver entirely. 50 % remains taxable, at the non-resident rate.

So the Citizen optimises a slow drawdown across brackets; the departing expat faces one irreversible decision with a ten-year clock attached. No tool models the second case — and the higher foreigner contribution cap of S$35,700 (against S$15,300 for Citizens and PRs) means there is usually more at stake.

Note: this planner is an estimate, not tax advice. It applies YA2026 resident rates to the taxable half of each withdrawal and assumes your other income stays constant. The foreigner treatment shown here should be verified against current IRAS guidance before you act; the rules around SRS for foreigners are documented thinly. The statutory retirement age is also rising over time, which shifts when your window opens.