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.
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.
Frequently Asked Questions
Why is the foreigner SRS cap higher?
Foreigners can't contribute to CPF, so SRS is their primary tax-advantaged retirement savings vehicle. Higher cap (S$35,700) compensates partially for the lack of CPF tax shelter.
When can I withdraw SRS?
Statutory retirement age — currently 63, rising to 64 by 2026 and 65 by 2030. Early withdrawal triggers 5% penalty + 100% of withdrawal becomes taxable.
Is the 50% tax exemption permanent?
Yes for withdrawals at or after statutory retirement age. Only 50% of each year's SRS withdrawal is taxable. Spread over 10 years for optimal effective rate.
Can I invest SRS in US stocks?
Only via SGX-listed ETFs that track US indices (e.g. S27 SPY ETF). Direct US stock ownership not allowed in SRS — must go through SGX-listed wrappers.
Is my data private?
Yes. All calculations run in your browser. Income, contribution and asset data are never sent, stored, or shared.