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Singapore·Calculators·SG SRS contribution relief

SRS contribution relief estimate

The contribution that qualifies for relief in a year, the relief itself, and the position against the overall S$80,000 personal income tax relief cap.

Your numbers
S$SGD
S$SGD
%
SRS tax relief:
S$8,000.00
Tax saved at the marginal rate
Annual SRS contributionS$8,000
Qualifying contributionS$8,000
Annual cap for residencyS$15,300
Other reliefsS$0
Overall relief cap remainingS$80,000
Tax relief at marginal rateS$8,000.00
Singapore tax resident for the year. SRS contributions are not refundable. The S$80,000 personal income tax relief cap covers SRS, CPF, life insurance and other reliefs in aggregate. Early withdrawal attracts a 5% penalty and is taxed at retirement on 50% of the sum withdrawn.
Source: Inland Revenue Authority of Singapore: SRS contributions and tax relief · Rules for 2026 · https://www.iras.gov.sg/taxes/individual-income-tax/basics-of-individual-income-tax/special-tax-schemes/srs-contributions · Effective 2026-01-01 · Checked 2026-10-19Using Singapore rules

Common questions

The rules behind this calculator

Written up, with the page each rule came from.
2 min read
Supplementary Retirement Scheme: contribution caps and tax basics
The SRS gives tax relief on contributions, lets investment returns grow tax-free, and taxes 50% of withdrawals at or after the prescribed retirement age.

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