SRS Contribution Limit 2026 Singapore

SRS Contribution Limit 2026 Singapore: Maximise Your Tax Relief

The Supplementary Retirement Scheme (SRS) is a voluntary savings scheme that allows Singapore citizens, permanent residents, and foreigners to save for retirement while enjoying income tax relief. This is not financial advice — consult a licensed financial adviser before making retirement planning decisions.

SRS Contribution Limits 2026

Category Annual SRS Limit (2026) Tax Relief
Singapore Citizens & PRs S5,300 Up to S5,300 off chargeable income
Foreigners S5,700 Up to S5,700 off chargeable income

The SRS contribution limit for Singapore citizens and PRs has been S5,300 since 2016. The overall personal income tax relief cap is S0,000 per year of assessment.

How SRS Tax Relief Works

Every dollar contributed to your SRS account reduces your chargeable income for that year. For a Singapore resident earning S20,000 in the 15% marginal tax bracket, contributing the full S5,300 saves approximately S,295 in income tax. Higher-income earners in the 22% or 24% brackets save even more. Contributions must be made by 31 December to qualify for relief in that year assessment.

SRS Investment Options

SRS funds can be invested in SGX-listed equities and ETFs (including REIT ETFs), unit trusts, fixed deposits, Singapore Savings Bonds (SSB), T-bills, endowment plans, and annuities. Dividends, interest, and capital gains within SRS are not taxed while funds remain in the account. See our SRS Account Eligible Investments guide and SRS Tax Savings Calculator.

SRS Withdrawal Rules and Tax Treatment

Early withdrawal before statutory retirement age (63 for accounts opened before 2022; 65 from 2022) triggers a 5% penalty plus full tax on 100% of the amount withdrawn. After reaching statutory retirement age, only 50% of each withdrawal is taxable. The SRS withdrawal window is 10 years from first withdrawal. For most Singapore investors, a combination — max CPF top-up first to FRS, then SRS contributions for remaining relief headroom — is the optimal strategy. See our Retirement Calculator to model scenarios.


Frequently Asked Questions

What is the SRS contribution limit for 2026 in Singapore?
The SRS contribution limit for Singapore citizens and permanent residents in 2026 is S5,300 per year. For foreigners, the limit is S5,700. These contributions are eligible for dollar-for-dollar income tax relief subject to the S0,000 overall relief cap.
How much tax do I save by maximising SRS contributions?
For a Singapore resident in the 15% bracket, contributing the full S5,300 saves approximately S,295. For someone in the 22% bracket, the saving rises to approximately S,366. Higher-income earners in the 24% bracket save approximately S,672.
Can SRS funds be invested in REITs and ETFs?
Yes. SGX-listed REITs and ETFs are eligible SRS investments. Dividends and capital gains within the SRS account are not taxed until withdrawal. This makes SRS a tax-efficient wrapper for long-term REIT and ETF investing, particularly for high-income earners seeking to defer taxes.
What happens if I withdraw SRS before the statutory retirement age?
Early SRS withdrawal incurs a 5% penalty on the withdrawn amount, and 100% of the withdrawal is subject to income tax in that year of assessment. After the statutory retirement age, only 50% is taxable and no penalty applies.
Is there a deadline to contribute to SRS for tax relief?
Yes. SRS contributions must be made by 31 December of the relevant year to qualify for tax relief in that year assessment. Plan contributions early in the year to maximise investment time within your SRS account.