Singapore SRS Tax Savings & Retirement Pot Calculator (2026)
Calculate immediate annual income tax savings from SRS contributions ($15,300 Citizens/PRs, $35,700 Foreigners) and 50% tax-free 10-year retirement withdrawals.
Calculate immediate annual income tax savings from SRS contributions ($15,300 Citizens/PRs, $35,700 Foreigners) and 50% tax-free 10-year retirement withdrawals.
Calculate immediate annual income tax savings from SRS contributions ($15,300 Citizens/PRs, $35,700 Foreigners) and 50% tax-free 10-year retirement withdrawals. Calculate exact, penny-accurate projections compliant with 2026 CPFB • IRAS • Monetary Authority of Singapore (MAS) • HDB standards using Calconova's deterministic IEEE-754 (Decimal.js) calculation engine with instant breakdowns.
Based on your tax bracket (15.0% marginal rate), contributing $15,300 saves you this much cash.
Annual\ Tax\ Savings = Tax(Income) - Tax(Income - SRS\ Contribution) \\
Retirement\ Corpus = \sum_{t=1}^{N} SRS \times (1 + r)^{N-t} \\
Taxable\ Withdrawal_{annual} = \frac{Retirement\ Corpus}{10\ Years} \times 50\%Every dollar deposited into SRS yields a dollar-for-dollar tax deduction (cap $15.3k for SC/PR, $35.7k for foreigners). At statutory retirement age, withdrawals over a 10-year window enjoy a 50% tax concession. Withdrawing up to $40,000/year results in $0 tax payable.
All calculations, amortizations, and scenario projections displayed on this page are strictly for informational and educational purposes. Nothing herein constitutes investment, financial, tax, or legal advice. Actual CPF interest rates, ABSD criteria, COE prices, and bank mortgage rates may vary. Calconova explicitly disclaims all liability for any decisions taken based upon these calculations. Consult a MAS-licensed financial adviser or IRAS/CPF officer prior to executing financial commitments.
Under SRS rules, only 50% of withdrawals after the statutory retirement age are taxable. If you withdraw $40,000 per year, only $20,000 is chargeable. In Singapore's tax bracket, the first $20,000 has 0% tax, making the entire $40,000 completely tax-free!
Extremely beneficial! Foreigners have no mandatory CPF but enjoy a high annual SRS cap of S$35,700. For an expat in the 18%-22% tax bracket, this yields immediate annual tax savings of S$6,400 to S$7,800. Non-citizens can also withdraw with the 50% tax concession upon leaving SG.
Yes. Early withdrawals before the statutory retirement age incur a 5% government penalty, and 100% of the withdrawn sum is subject to personal income tax in that year, unless due to death, serious medical conditions, or bankruptcy.
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