How do I withdraw money from my SRS account?

In GoalsMapper, you can withdraw from your SRS account using Scenario.

1. System will automatically calculate the taxable amount and penalty amount (if applicable) and apply them to the tax computation.

Steps to create a SRS Withdrawal Scenario

Step 1	Create a new Scenario and choose SRS
Step 2	Choose Withdraw SRS
Step 3	Here, you will have 2 options for withdrawing SRS Automatic withdrawals will distribute your withdrawals evenly over 10 years Custom withdrawals allow you to withdraw based on your own preference

Key things to note:

1. Once withdrawal starts, your SRS contribution will automatically stop
2. If you have many SRS withdrawal scenarios, the earlier scenario will take precedence.
3. SRS withdrawals will appear as Passive Income