SRS Tax Savings Calculator

See your immediate income tax saving from a Supplementary Retirement Scheme (SRS) contribution plus the projected wrapper value at retirement net of the 50% withdrawal-tax rule.

SRS contributions reduce your current-year chargeable income, giving you an immediate tax saving at your marginal rate. The money compounds tax-free inside the wrapper, and only 50 per cent of withdrawals are taxable after the statutory retirement age (currently 63). Most effective for earners in the 15–22% marginal bracket.

SRS Tax Savings Calculator

See your immediate income tax saving from an SRS contribution this year and the projected wrapper value at retirement, net of the 50% withdrawal-tax rule.

Tax saved this year$1,759
Marginal rate11.50%
SRS value at retirement$66,126

Tax breakdown (this year)

Income tax without SRS$5,650
Income tax with SRS contribution$3,891
Immediate tax saving$1,759
Effective tax rate before5.65%
Effective tax rate after4.59%

Withdrawal tax (over 10 years from age 63)

SRS value at retirement$66,126
Annual withdrawal (over 10 years)$6,613
Annual taxable portion (50%)$3,306
Annual withdrawal tax (if no other income)$0
Total withdrawal tax over 10 years$0

SRS vs investing outside (same return assumption)

SRS value at retirement (net of withdrawal tax)$66,126
Outside SRS (post-tax contribution, no SG capital gains tax)$58,521
Net SRS advantage+$7,604

Assumes a one-time SRS contribution this year, withdrawals spread evenly over 10 years from age 63, and no other chargeable income at withdrawal time. Real outcomes depend on contribution cadence (annual contributions compound differently), investment performance, and your other retirement income. The wrapper is most valuable for earners in the 15–22% marginal bracket.

Want the full SRS playbook?

The deep-dive guide covers contribution timing, investment choices, withdrawal staging, and how SRS interacts with CPF for retirement planning.

Read the SRS Investing Guide →

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