A retirement income record organises user-entered income sources, timing and questions. It is a scenario record, not a retirement recommendation. Check official statements and seek qualified advice before making decisions about contributions, withdrawals or products.

What to record

State the timeframe and currency. Distinguish official estimates from assumptions about other income and expenses, and record the date of each source. Do not assume dividends or other variable payments continue at a fixed level.

A practical example

If an income source has no confirmed commencement date or amount, keep those fields marked as an estimate or unknown. A displayed difference between two user-entered totals shows a scenario gap; it does not prescribe how that gap should be funded.

Build and check your own record

  1. Gather the relevant original records and note their dates. Decide what this summary is for and who, if anyone, needs to receive it.
  2. Open the tool and use minimal, non-sensitive descriptions. Enter only figures you can explain, mark estimates clearly and leave missing information as unknown.
  3. Compare the preview with the sources. Check units, dates and totals, and correct any misleading label before exporting. A generated layout does not verify the inputs.

Keep the original documents

Store the summary securely and review it when its source information changes. Keep important decisions, official notices and professional recommendations in their original records. Ask a qualified professional about suitability, tax treatment or legal effect where needed.

Official reading: IRAS: current tax relief guidance. Check the current guidance and the requirements applying to your situation.