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SRS Tax Savings Calculator
Free SRS tax savings calculator for Singapore: tax relief on Supplementary Retirement Scheme top-ups up to S$15,300 (citizens and PRs) or S$35,700 (foreigners), within the S$80,000 relief cap.
You
Tax you save
S$1,759.50
| SRS relief counted | S$15,300 |
| Tax without SRS | S$5,489.00 |
| Tax with SRS | S$3,729.50 |
| Saving as % of the top-up | 11.5% |
Good to know
- Top up by 31 December to get relief in the next Year of Assessment.
- Withdrawals from the statutory retirement age are only 50% taxable, and can be spread over 10 years.
- Taking money out early: 100% taxable plus a 5% penalty (with some exceptions).
- Cash in SRS earns very little; most people invest it.
Tax resident, YA 2026 rates. Rules last checked October 2026. Not legal, tax or financial advice. 🔒 Everything stays on your device.
✅ Rules last checked:
📚 Official sources: IRAS: SRS contributions
We build every tool from the official rules and re-check them when they change. Always confirm with the official source before you rely on a result.
🛠️ Spotted a mistake or an out-of-date rule? Tell us
Questions people ask
How much can I put into SRS?+
Up to S$15,300 a year for Singapore Citizens and PRs, and S$35,700 for foreigners.
How much tax does SRS save?+
Your top-up is deducted from your taxable income, so you save your top tax rate on it, e.g. 11.5% on S$15,300 = about S$1,760 at S$120,000 income.
When must I top up?+
By 31 December to get relief in the next Year of Assessment.