Singapore SRS Tax Relief Calculator (2026)

SRS tax relief depends on residency, not only nationality

Singapore tax residents can generally claim relief for eligible SRS contributions made by 31 December, subject to their operator's cut-off. Citizens and permanent residents currently have a $15,300 annual contribution cap; foreigners have a $35,700 cap. A foreign national is not automatically a non-resident for income-tax purposes, so the calculator separates tax-resident eligibility from the cap determined by status.

The tax saving is not the contribution multiplied by one headline rate. Singapore's resident tax is progressive, so a contribution can move through several bands. This calculator recomputes the whole resident bracket tax before and after the allowed relief.

The $80,000 personal-relief ceiling can reduce the useful SRS relief

IRAS applies an overall $80,000 cap to personal income-tax reliefs. Enter your other personal reliefs excluding SRS so the calculator can show how much room remains. If you are already near the ceiling, part of an otherwise eligible SRS contribution may produce no additional relief.

The page treats your income input as income subject to resident individual rates before personal reliefs. It does not attempt to recreate every line of an income-tax return, rebate, deduction or special concession.

Retirement withdrawal timing changes the tax shape

For a qualifying retirement withdrawal, 50% of the amount is generally taxable and the withdrawal can be spread over ten years from the first penalty-free withdrawal. The schedule here adds half of each gross withdrawal to the other annual chargeable income you enter, then measures the incremental resident income tax.

IRAS illustrates that, with no other taxable income and no relief, withdrawing $40,000 gross each year creates $20,000 of taxable income and no resident tax under the current zero-rate band. That is why timing can matter—but it is not a promise that every $400,000 plan is tax-free.

What this calculator intentionally does not pretend to know

The growth projection is an editable scenario, not a forecast. Future SRS caps, tax bands, prescribed retirement ages, investment returns and fees can change. Future annual contributions are limited using today's status cap only for illustration.

The withdrawal comparison assumes Singapore resident individual tax rates and qualifying retirement withdrawals. It excludes non-resident withholding and treaty outcomes, early withdrawals, medical grounds, bankruptcy, death, life annuities, rebates and other return-specific reliefs. Those cases need separate facts and should not be forced into one generic rate.