Singapore SRS Contribution & Tax Relief Calculator

Enter your planned SRS contribution and your marginal tax rate to estimate your tax savings.

Reflects 2026 rates (effective 2016-01-01). Last checked 2026-09-11 · v1. Tax rules change — verify against an official source before relying on this for a filing. Source.

Singapore SRS Contribution & Tax Relief Calculator

Estimate your Supplementary Retirement Scheme (SRS) tax relief from a planned contribution.

This is an estimate for general informational purposes only, not financial or tax advice. Only 50% of SRS withdrawals are taxable if withdrawn from the statutory retirement age, and penalties apply to early withdrawals — this calculator estimates only the up-front contribution relief, not later withdrawal tax.

The Supplementary Retirement Scheme (SRS) lets you contribute pre-tax dollars to a retirement account, reducing your chargeable income dollar-for-dollar up to the annual cap — S$15,300 for Singapore Citizens and PRs, S$35,700 for foreigners.

Example

  • With the default values shown above, this calculator returns: Annual SRS Cap ≈ SGD 15,300.00; Allowed Contribution (capped) ≈ SGD 10,000.00; Estimated Tax Savings ≈ SGD 1,500.00.

Frequently Asked Questions

What is the SRS contribution cap?

S$15,300 per year for Singapore Citizens and Permanent Residents, and S$35,700 per year for foreigners, reflecting the different CPF contribution treatment between the two groups.

Is SRS money tax-free forever?

No — contributions reduce your taxable income now, but only 50% of withdrawals are taxed if taken from the statutory retirement age; withdrawing earlier than that incurs a 5% penalty plus full taxation.

Sources

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