Glavcot Insights
SRS Cash Commitment Calculator — Terms of Use
This calculator is developed by and remains the intellectual property of Glavcot LLP. Access is provided free of charge.
By clicking "I Understand & Agree", you acknowledge that this calculator is provided for informational and illustrative purposes only. It does not constitute tax, financial or investment advice.
Calculations are estimates based on the inputs provided and the Singapore resident individual income-tax rates incorporated into the calculator. Actual tax payable may differ depending on personal reliefs, rebates, deductions, contribution limits and individual circumstances.
The calculator does not assess whether SRS is suitable for you, what investments should be made through SRS, or the returns that may be achieved.
Glavcot LLP accepts no liability for financial, investment or tax decisions made in reliance on the calculations shown.
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Glavcot Insights
SRS Cash Commitment Calculator
See the tax saving and the cash still being committed. Enter your estimated annual chargeable income (roughly your income after applicable tax reliefs) and your intended monthly SRS contribution.
S$
Roughly your income after applicable tax reliefs, for this simplified estimate.
S$
Singapore Citizen / PR maximum: S$15,300 per year.
(Equivalent to $1275 per month)
(Equivalent to $1275 per month)
Monthly contribution has been capped at S$1,275,
equivalent to S$15,300 per year.
Monthly cash commitment
—
—
Shown as an annualised monthly equivalent. Actual SRS contributions
and tax payments may occur at different times.
Annual tax saved
—
Difference before and after SRS relief
Remaining tax / month
—
Annual tax divided by 12
SRS contribution / month
—
Amount committed to SRS
| Measure | Before SRS | After SRS |
|---|---|---|
| Chargeable income | — | — |
| Annual income tax | — | — |
| Average tax / month | — | — |
| Annual SRS contribution | — | — |
| Total annual cash commitment | — | — |
For illustration and personal planning only.
Uses Singapore resident individual income-tax rates from YA 2024 onwards.
SRS relief is assumed to equal the amount contributed, subject to the
S$15,300 annual contribution cap for Singapore Citizens and Permanent
Residents.
After SRS: Chargeable income amount is shown after deducting the SRS contribution for tax purposes.
This calculator does not account for the overall personal income-tax relief cap, rebates, other deductions, withdrawal taxation, investment returns, fees or individual circumstances.
“Tax per month” is simply annual estimated tax divided by 12 to provide a cash-flow perspective. It is not an IRAS payment schedule.
After SRS: Chargeable income amount is shown after deducting the SRS contribution for tax purposes.
This calculator does not account for the overall personal income-tax relief cap, rebates, other deductions, withdrawal taxation, investment returns, fees or individual circumstances.
“Tax per month” is simply annual estimated tax divided by 12 to provide a cash-flow perspective. It is not an IRAS payment schedule.
Why this calculator exists
The accompanying Perspective, “SRS Saves Tax. But What Does It Commit?”, explains the thinking behind this tool:
Looking beyond the tax saving to the cash still being committed through the SRS contribution and remaining tax payable.
SRS Saves Tax. But What Does It Commit?
Looking beyond the tax saving to the cash you still need to set aside.
Ryan Gallinera