GoalsMapper now follows real SRS rules for contributions, withdrawals, and investments. The system automatically applies tax treatments, penalty rules, and withdrawal limits based on the client’s statutory retirement age and selected withdrawal strategy.
Is SRS Auto-Withdrawal enabled by default?
No. Auto-withdrawal is OFF by default to avoid affecting your existing plans.
You can enable it in three ways:
Planner-wide default
Go to My Account → Planner Settings and turn on SRS Auto-Withdrawal for all future clients you create.Per-client setting
Enable or disable auto-withdrawal under each client’s Client Settings → SRS.Scenario-based modelling
Use the SRS Withdrawal Scenario to model withdrawals without turning on auto-withdrawal globally or for the client.
What withdrawal strategies does GoalsMapper support?
GoalsMapper provides four withdrawal strategies aligned with SRS rules:
Even withdrawal over 10 years starting from the client’s Statutory Retirement Age (SRA)
Full withdrawal at the start of SRA
Full withdrawal at the end of 10 years from SRA
Custom withdrawal, where you decide the amount and timing
These apply to both SRS Cash Account and SRS Investments.
How does GoalsMapper handle penalties for early withdrawals?
If a withdrawal happens before the client’s Statutory Retirement Age and no valid reason applies, GoalsMapper automatically applies:
The 5% early withdrawal penalty, and
The appropriate tax treatment
Valid exceptions (e.g., death, medical grounds, terminal illness, bankruptcy, approved foreigner withdrawal) are recognised, and penalties will not be applied.
What statutory retirement ages does GoalsMapper support?
GoalsMapper supports both:
62 – for clients whose first SRS contribution was before 1 July 2022
63 – for clients whose first SRS contribution was on or after 1 July 2022
The system uses this to determine penalty-free withdrawal timing.
This option can be set per client as GoalsMapper will not be able to determine when the first SRS contribution starts.
How does GoalsMapper handle SRS contributions when withdrawals begin?
Once SRS withdrawals begin — either via auto-withdrawal or a withdrawal scenario — contributions will automatically stop, as required by SRS rules.
Contribution caps are also applied automatically based on citizenship:
$15,300 per year for Singapore Citizens and PRs
$35,700 per year for Foreigners
How are SRS Investments treated during withdrawals?
Both SRS Cash and SRS Investment accounts follow the same rules:
Withdrawals reduce the balances proportionately
Early withdrawal penalties apply if conditions are not met
Tax treatment is automatically reflected
Investment liquidation values flow into the model accurately
Can I model multiple “what-if” withdrawal scenarios?
Yes. The SRS Withdrawal Scenario allows you to test different strategies (e.g., lump sum vs 10-year spread) without altering the client’s main plan settings.