SRS Tax Savings Calculator Singapore 2026
Calculate how much income tax you can save by contributing to the Supplementary Retirement Scheme (SRS). See your tax bracket before and after SRS, plus 10-year projected savings.
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Tax Without SRS$3,350.00
Tax With SRS$2,279.00
Annual Tax Savings$1,071.00
10-Year Projected Savings$10,710.00
Tax Bracket Comparison
7.0%
Without SRS
On $80,000.00
7.0%
With SRS
On $64,700.00
How to Use This Calculator
- Enter your annual income before any deductions.
- Select your residency status to see the correct SRS contribution cap.
- Adjust the SRS contribution amount to see the impact on your tax bill.
Key Rates Used
| Parameter | Value |
|---|---|
| SRS Cap (SC/PR) | $15,300/year |
| SRS Cap (Foreigner) | $35,700/year |
| Tax on Withdrawal (at retirement) | 50% taxable |
| Early Withdrawal Penalty | 5% + full tax |
Last updated: March 2026 · IRAS