SRS Tax Relief Calculator

💰SRS Tax Relief

Estimate the income tax you save this year by contributing to your Supplementary Retirement Scheme (SRS) account. Enter your contribution and your marginal tax rate (the rate on your top dollar of income).

SRS contribution this year (amount you plan to put in)

Your marginal tax rate (rate on top dollar)

SRS contribution cap (as of 2026, edit if changed)

Cap is 15,300 for Singapore Citizens and Permanent Residents, and 35,700 for foreigners. Change the cap field above if yours differs.

Estimated tax saved this year

Enter a contribution to see your estimated relief.

Tax saved this year Net cost of contribution

Source: IRAS (Inland Revenue Authority of Singapore), SRS contributions and tax relief and Tax on SRS withdrawals. SRS relief sits within the overall personal income tax relief cap of 80,000 per Year of Assessment. To estimate your actual tax bill, use the official IRAS income tax calculator.

Important. This contribution lowers your taxable income now, but withdrawals are taxed later. If withdrawn from the statutory retirement age, only 50% of each withdrawal is taxable. Early withdrawals are generally fully taxable plus a 5% penalty. This tool gives general information only and is not financial advice. Your actual saving depends on your full income, all your other reliefs, and the 80,000 overall relief cap. Verify with IRAS before you contribute.