Supplementary Retirement Scheme
Pay less income tax and save more for the future
Find out how much tax you can save, and the potential returns you can receive
on investing SRS funds.
1. How much tax savings can you potentially enjoy with SRS?
2. How much returns can you potentially receive if you invest your SRS funds?
Are you a Singapore Citizen, PR or Foreigner?
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Do you have an existing SRS account?
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Total annual income
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Personal tax relief
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Personal tax relief and Annual SRS contribution should not be more than Total annual income
Note: Maximum personal tax relief per assessment year is capped at $80,000
Annual SRS contribution
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Note: Maximum Annual SRS Contribution Cap of $15,300 for Singapore Citizens and PRs, $35,700 for Foreigners
Your annual SRS investment amount
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Minimum amount is $10,000
Your current age
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Age must be between 32 to 55
First SRS withdrawal at age
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Withdrawal Age must be between 62 to 70
Difference between Withdrawal age and Current age must be at least 10 years and above
Do you prefer a product that comes with a lump sum payout or monthly payouts over a 10 year period?
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Minimum amount is $20,000
Your current age
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Age must be between 32 to 66
Difference between Current age and Withdrawal age must be at least 5 years and above
Start SRS withdrawal at age
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Withdrawal Age must be between 62 to 75
Withdrawal Age must be between 62 to 75
Difference between Withdrawal age and Current age must be at least 10 years and above
Based on your input above, your estimated PRUGolden Retirement Premier single premium is $
Without SRS
With SRS
Total annual income
S$
S$
Tax relief
S$
S$
SRS contribution
-
Taxable income
S$
S$
Tax payable
S$
S$
Your total funds estimated to be accumulated in SRS account
| Idle funds in SRS account , earning 0.05% p.a. | SRS funds invested in PRUActive Saver II - Single Premium4 |
|
| Total funds accumulated1 | $ | $2 |
| Net tax savings3
Click here to view more details. Click here to Hide details. |
$ | $ |
| Tax paid (on 50% of withdrawn amount) | ||
| Tax savings (includes tax savings on 50% of the withdrawn amount) | $ | $ |
| Total funds including tax | $ | $ |
Invest your SRS funds with PRUActive Saver II - Single Premium and grow them by an additional $2
Your total funds estimated to be accumulated in SRS account
| Idle Funds accumulating in SRS account, earning returns of 0.05% p.a. |
S$ |
| SRS funds invested in PRUActive Saver II - Single Premium, based on illustrated investment rate of return of 4.75% p.a.1 |
S$ |
| Invest your SRS funds with PRUActive Saver II - Single Premium and grow them by an additional $2 | |
Your total funds estimated to be accumulated in SRS account
| Idle Funds accumulating in SRS account, earning returns of 0.05% p.a. |
S$ |
| SRS funds invested in PRUGolden Retirement Premier, based on illustrated investment rate of return of 4.75% p.a.1 |
S$ |
| Invest your SRS funds with PRUGolden Retirement Premier and grow them by an additional $2 | |
Make your SRS funds work harder for you by getting an insurance plan from us
Show me how
To find out how much returns you can potentially receive
with a one-time SRS investment instead, click here.
To find out how much returns you can potentially receive
with annual SRS investments instead, click here.
To find out how much returns you can potentially receive
with annual SRS investments instead, click here.
Footnotes:
- 1 Accounts for all contributions made and held in the SRS accounts until the last withdrawal. It assumes that contribution made to SRS account is the same each year and continues to be made until the first withdrawal. For PRUActive Saver II - Single Premium, it assumes all yearly contributions are invested in their entirety in PruActive Saver II - Single Premium policies.
- 2Based on illustrated investment rate of returns of 4.75% p.a.. Based on illustrated investment rate of returns of 3.25% p.a. the expected accumulated funds will be $, total funds including tax $ and your funds will grow by an additional $
- 3
This amount is based on the following assumptions:
a. Tax saved due to contribution made to SRS account remains unchanged through out the contribution years
b. Tax saved on withdrawal assumes no income from other sources through out the withdrawal period
c. Tax is paid on 50% of withdrawn amount each year
- 4Actual figures may differ depending on various factors such as the policy term, premium amount and the number of PRUActive Saver II - Single Premium policies you purchase over the year
- 1 Actual figures may differ depending on various factors such as the policy term and premium amount.
- 2 Based on illustrated investment rate of return of 4.75% p.a.. Based on illustrated investment rate of return of 3.25% p.a. the expected accumulated funds will be $ and you would have grown your funds by an additional $.
- 1 Actual figures may differ depending on various factors such as the policy term and premium amount. 2 Based on illustrated investment rate of return of 4.75% p.a.. Based on illustrated investment rate of return of 3.25% p.a. the expected accumulated funds will be $ and you would have grown your funds by an additional $.
The result derived from this calculator is based on estimated returns and for illustration purposes only. It does not take into account the specific investment objectives, financial situation or particular needs of any person. Early termination of the policies usually involves high costs and the actual returns may differ from the results derived. You are recommended to read the product summary and seek advice from a qualified Prudential Financial Consultant for a financial analysis before purchasing an insurance policy suitable to meet your needs. No undertaking can be given that the fiscal system may not be revised with consequent effect upon the return offered.
This material is for reference only and is not a contract of insurance.
The information contained on this website is intended to be valid in Singapore only and shall not be construed as an offer to sell or solicitation to buy or provision of any insurance product outside Singapore.
This policy is protected under the Policy Owners' Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact your insurer or visit the GIA/LIA or SDIC web-sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).
Information is correct as at 9th September 2020.
This advertisement has not been reviewed by the Monetary Authority of Singapore.
For more information on Supplementary Retirement Scheme, please visit here.
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