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Singapore Income Tax & SRS Calculator

Estimate how an SRS contribution may reduce your Singapore income tax today, and see the potential tax impact over time.

Tax rules and SRS caps verified against IRAS sources
Step 1

Your details

SGD
Cap: $15,300
%
This simplified calculation includes Earned Income Relief and SRS Relief only.
Step 2

Current-year tax comparison

Earned Income Relief
$1,000
SRS Relief Used
$15,300
Tax Payable — No SRS
$12,300
Tax Payable — With SRS
$10,005
Chargeable Income — No SRS
$149,000
Chargeable Income — With SRS
$133,700
Estimated Tax Saving from SRS
$2,295
Step 3

Long-term tax projection

Projection Period
38–65
Total Earned Income
—
Total SRS Contributions
—
Total Tax — No SRS
—
Total Tax — With SRS
—
Cumulative Estimated Tax Saving
—
Tax without SRS Tax with SRS
View detailed year-by-year projection
Age Earned Income Earned Income Relief SRS Relief Chargeable Income — No SRS Tax — No SRS Chargeable Income — With SRS Tax — With SRS Tax Saving
Step 4

Plan for the projected tax amount

Total tax with SRS
%
Lump sum required today
—
Amount invested today to grow towards the projected target.
Annual saving for first 10 years
—
Annual contribution for 10 years, then left to compound.
Annual saving for first 5 years
—
Annual contribution for 5 years, then left to compound.
Investment returns are assumptions only and are not guaranteed.
Important

Assumptions & limitations

  • This calculator is intended for Singapore tax-resident individuals. Selecting “Foreigner” changes the applicable SRS contribution cap and does not determine tax-residency status.
  • The calculator includes Earned Income Relief and SRS Relief only. Other personal tax reliefs are not included.
  • Singapore's overall personal income tax relief cap may affect the actual amount of SRS tax relief available.
  • Future projections assume that the currently published income-tax bands, Earned Income Relief rules and SRS contribution limits remain unchanged.
  • The same annual SRS contribution is assumed throughout the selected projection period.
  • SRS investment returns, withdrawals, withdrawal taxation, penalties and other tax rebates are not included.
  • Results are estimates for general educational and planning purposes and should not be treated as tax advice.
Official references: IRAS Individual Income Tax Rates  •  IRAS SRS Contributions  •  IRAS Earned Income Relief
Fact Fish · Singapore Income Tax & SRS Calculator