Singapore SRS Tax Relief 2027 Calculator — S$15,300 / S$35,700

Calculate your Singapore Supplementary Retirement Scheme (SRS) tax saving for 2027 — up to S$15,300 (citizens/PRs) or S$35,700 (foreigners) — within the S$80,000 personal income tax relief cap.

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SRS Caps by Status

Singapore citizens and PRs: S$15,300/year SRS contribution. Foreigners (non-PR): S$35,700/year (1.5× higher). Both reduce assessable income dollar-for-dollar, providing instant marginal-rate tax savings.

S$80,000 Personal Income Tax Relief Cap

Total tax reliefs (SRS + CPF Cash Top-Up + life insurance + course fees + parents/grandparents + working mother child relief + everything else) are capped at S$80,000/year. SRS is one of the easier reliefs to fully utilize.

Withdrawal Rules at Retirement

Standard withdrawal age = 63 (raised from 62). At withdrawal, 50% of each year's withdrawal is tax-free, 50% is added to taxable income. Spread withdrawals over 10 years for maximum tax efficiency.

Investment Options

SRS funds can buy bank deposits, SGS bonds, ETFs, unit trusts, blue-chip stocks (via SBP), single-premium insurance, REITs. Limited to SGX-listed instruments unless via SRS Investment Platform partners.

Source: iras.gov.sg SRS tax relief, mof.gov.sg. Last updated: May 2026.