The Supplementary Retirement Scheme (SRS) is a really useful tax deferral scheme that can help Singaporeans (and Singapore-based residents), but figuring out the actual benefits can be a little difficult. This is made more complex that there are actually some downsides to using it under some conditions, so I’m making this calculator to help answer the question – should you use SRS? The main considerations when it comes to using SRS While SRS is a wonderful tax deferment tool, there are a couple of things we need to take note of before contributing to the account. The main issues with the account are:

1. Liquidity
2. A “capital gains tax”

I have done a couple of articles (part 1 and part 2) and a video on the topic of SRS before, so you can refer to them for more elaboration. Open (and fund) your account by 30th June 2026 to lock in an earlier penalty-free withdrawal age SRS accountholders can withdraw their SRS funds...