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Tax planning

How much tax would SRS actually save you?

Enter your chargeable income and see the real dollar saving from an SRS contribution — computed bracket by bracket on the IRAS resident tax schedule, not a flat marginal-rate guess. Nothing is stored.

Your details

Residency (sets the SRS cap)

Uses the IRAS resident tax schedule (YA 2026) and the official SRS cap of S$15,300/yr for your residency. Tax saving is computed bracket by bracket on your actual income, not a flat rate. Relief is subject to the S$80,000 personal income tax relief cap across all reliefs.

Tax saved this yearS$1,521

From a S$15,300 SRS contribution — an effective 9.9% back on every dollar contributed

Tax without SRSS$4,500
Tax with SRSS$2,979
Marginal rate11.5%
Kept up yearly, this compoundsContributing S$15,300 every year at a 4% planning return grows to about S$467,638 in 20 years — and only 50% of each retirement withdrawal is taxable after the statutory retirement age.

A simplified estimate from the IRAS resident tax schedule and your own inputs — not tax advice or an IRAS computation. It assumes SRS relief fits within the S$80,000 personal relief cap and ignores rebates and non-resident rules. Early withdrawals are 100% taxable plus a 5% penalty. Confirm with IRAS myTax Portal. Whether SRS suits you — versus CPF top-ups, insurance or investments — is a licensed conversation for an adviser.

Tax saving is only step one

Free and no obligation — an adviser can help you:

  • Weigh SRS against CPF cash top-ups — both give relief, but liquidity and returns differ
  • Plan what the SRS money invests in, since cash inside SRS earns almost nothing
  • Map the 10-year withdrawal window after retirement so the tax saved now isn't given back later
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