Type your income and see the relief this year, what the account could grow to, and the tax when it comes out.
SRSTax saved, tax paid
SRS · 1 of 3
The net result, on one page
Tax saved going in, against tax paid coming out.
The summary below is what prints. Change any figure in the earlier steps first.
SRS summary
Your SRS plan
30 Oct 2026 · age 45 · withdrawals from 64
Tax saved going in
$33,431
$1,760 a year for 19 years, on $15,300 a year.
Tax paid coming out
$3,688
$69,648 a year over 10 years from 64.
Net tax saved
$29,742
Plus what the account earned: $321,231 at 7%.
Putting in
Chargeable income$120,000
Contribution with reliefcap $15,300$15,300
Top tax rate11.5%
Saved a year$1,760
Taking out
Account at 64$611,931
Other taxable income$0
Tax-free yearly withdrawalhalf taxable, inside the 0% band$40,000
Tax a year$369
Ministry of Finance (SRS caps and relief); IRAS (SRS withdrawals, resident income tax rates from YA 2024); retirement ages by first contribution as published. Checked 8 Oct 2026. Penalty-free withdrawals start at the retirement age that applied at the first contribution; before it, withdrawals are fully taxable with a 5% penalty. Illustration only, not tax advice.