CPF and SRS tax saver
How much tax do SRS and CPF top-ups save me?
Before and after
Tax payable, YA 2026S$15,300 in SRS can come out later, half of it taxed at retirement. S$0 in CPF top-ups is locked in for retirement.
Uses resident tax rates from YA 2024 and assumes no other reliefs or rebates. All personal reliefs share an overall cap of S$80,000 a year. Source: IRAS, checked 19 Oct 2026. For education only. Not financial advice.
How to read the result
Technical
Relief reduces chargeable income, so the saving is taxed at your marginal rate.
Plain English
Every dollar of relief saves you your top tax rate on that dollar, not your average rate.
Technical
SRS withdrawals at retirement are 50% taxable. CPF top-ups are locked in for retirement.
Plain English
SRS money can come out later. CPF top-up money mostly can't. That's the tradeoff.
A worked example
Esther, 30, has chargeable income of S$100,000. Tax: S$5,650.00. With S$15,300 in SRS: S$3,890.50. She saves S$1,759.50.
What it can't tell you
- It uses resident tax rates and ignores rebates and other reliefs you may claim.
- All personal reliefs share one S$80,000 cap per year.
- It can't tell you whether locking money away suits your plans.
From the carousel: Esther's S$1,759 SRS saving
Source: IRAS: resident tax rates from YA 2024. Checked 19 Oct 2026.
Source: IRAS: SRS relief (S$15,300 citizens and PRs, S$35,700 foreigners), CPF cash top-up relief (S$8,000 self, S$8,000 family), S$80,000 overall relief cap. Checked 19 Oct 2026.
For education only. Not financial advice.