MenuJoin Free

Pay Less TaxStep 3 of 4Next: How Much Tax Do I Owe On My Side Hustle?

How Much Tax Can SRS Save Me?

SRS Optimiser

SRS (Supplementary Retirement Scheme) is a voluntary retirement account that lowers your taxable income. Enter your income and this year’s contribution to see the tax you could save.

New to this? Read The Short Guide First →

Page updated · Data dates are in the notes below
Share

Shares this page only—never your calculator inputs or results.

1 Your Numbers

Your Starting Point

Enter yearly amounts. The saving is a one-off cut in this year’s tax, not an investment return.

Your yearly income after other tax reliefs, before SRS. It is on your IRAS tax bill.

All your personal reliefs together are capped at S$80,000 a year. Enter S$80,000 minus the reliefs you already claim (such as Earned Income Relief and CPF relief). If they are small, leave it at 80,000.

We work this out in your browser.

2 Your Result

Your SRS contribution could cut your tax before rebates by about

—

SRS relief only counts in a year when you are a Singapore tax resident. Non-residents get no personal reliefs, so check your residency first. Am I A Tax Resident? →

Tax Without SRS (Before Rebates)
—
Tax With SRS (Before Rebates)
—
Tax Saved As % Of Contribution
—
Share Image

The image shows your main result unless you hide it. It is made on this device. Nothing is shared unless you choose.

A result link includes the numbers you entered. Only share it with people you trust.

What This Estimate Assumes

Resident tax bands from YA 2024 onwards, before rebates and tax credits. Chargeable income is after other reliefs but before this SRS amount. The selected annual SRS cap and the relief room you enter (S$80,000 minus your other personal reliefs) limit the relief used. Enter only contributions within your remaining annual allowance; earlier contributions and prorated limits after citizenship/PR changes are not determined here. Relief room of S$80,000 assumes no other reliefs have used the allowance. Contributions in 2026 generally affect YA 2027. Qualifying retirement withdrawals use the statutory retirement age prevailing at your first SRS contribution; 50% is taxable. Early withdrawals are generally fully taxable plus a 5% penalty, with exceptions. Withdrawal tax is not calculated. Relief applies only for a Year of Assessment in which you are a tax resident; non-residents get no personal reliefs.

3 What Next

Step 4 of 4 in Pay Less TaxHow Much Tax Do I Owe On My Side Hustle?Side-Hustle Tax Tracker →Read The GuideHow Much Tax Does An SRS Contribution Save? →

Before You Use This Number

Do I Need An Account To Use This Tool?

No. The tool works in your browser with no account. If you copy a result link, it includes the numbers you entered.

What Does This Estimate Assume?

Resident tax bands from YA 2024 onwards, before rebates and tax credits. Chargeable income is after other reliefs but before this SRS amount. The selected annual SRS cap and the relief room you enter (S$80,000 minus your other personal reliefs) limit the relief used. Enter only contributions within your remaining annual allowance; earlier contributions and prorated limits after citizenship/PR changes are not determined here. Relief room of S$80,000 assumes no other reliefs have used the allowance. Contributions in 2026 generally affect YA 2027. Qualifying retirement withdrawals use the statutory retirement age prevailing at your first SRS contribution; 50% is taxable. Early withdrawals are generally fully taxable plus a 5% penalty, with exceptions. Withdrawal tax is not calculated.