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SRS Calculator

Estimate your SRS tax relief, account growth, and withdrawal tax for Singapore’s Supplementary Retirement Scheme.

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2026 caps: SC/PR S$15,300 · Foreigner S$35,700. Contribution must be made by 31 Dec to qualify for YA relief. Personal income tax relief cap S$80,000 (all reliefs combined). At retirement (age 63+): only 50% of each withdrawal is taxable, over up to 10 years. Early withdrawal: 100% taxable + 5% penalty.

Annual Tax Saving

Income tax saved this year
S$0

How SRS works

The Supplementary Retirement Scheme is Singapore’s voluntary, tax-advantaged retirement savings scheme, complementing the mandatory CPF. Every dollar you contribute reduces your chargeable income dollar-for-dollar, subject to the annual cap and the S$80,000 overall personal relief limit.

Investment returns inside the SRS account accumulate tax-free. At retirement (statutory retirement age of 63, or on medical grounds), only 50% of each withdrawal is taxable — and if your retirement income is low, the effective tax rate can be near zero. You have a 10-year window to spread withdrawals and manage your tax bill. Early withdrawal before retirement age attracts 100% taxability plus a 5% penalty.

Unlike CPF, SRS funds can be invested in a wide range of instruments: stocks, ETFs, unit trusts, fixed deposits, bonds, and single-premium insurance. However, cash sitting uninvested in the SRS account typically earns minimal interest, so investing is generally recommended.

FAQ

What is the 2026 SRS contribution cap?
S$15,300 for Singapore Citizens and Permanent Residents. S$35,700 for foreigners, who receive a higher cap because they do not enjoy CPF-related tax reliefs. Contributions must be made by 31 December each year to qualify for relief in the following Year of Assessment.
When can I withdraw without penalty?
Penalty-free withdrawals are allowed at or after the statutory retirement age prevailing when you made your first SRS contribution — currently 63. At that point, only 50% of withdrawals is taxable and you can spread them over 10 years. Early withdrawal before retirement age is 100% taxable plus a 5% penalty.
Does SRS count toward the S$80,000 relief cap?
Yes — SRS contributions are part of your personal income tax reliefs, which are capped at S$80,000 in total. If you already have substantial reliefs from CPF top-ups, earned income relief, spouse/parent reliefs, etc., ensure there is room before maximising SRS contributions.
What can I invest in with SRS funds?
Approved investments include SGX-listed stocks, unit trusts, ETFs, Singapore Government Securities, fixed deposits with SRS operators, bonds, and single-premium insurance policies. Direct property investment and most foreign-listed securities are not allowed.