See what each tax relief saves you.

Annual pay

S$112,000

Assessable income

S$91,600

Effective rate

4.1%

Tax on next dollar earned

11.5%

Tax saved per relief

Assumptions

• Tax resident
• YA 2026 income tax rates
• Employment income only, with employee CPF deducted
• CPF on a bonus capped by the Additional Wage ceiling
• No other reliefs claimed
• Overall relief cap of S$80,000

Source: IRAS, YA 2026

Frequently asked questions

How much tax does an SRS contribution save?

The contribution multiplied by your marginal tax rate. The saving per dollar falls as the relief moves income into a lower band.

What is the cap on personal reliefs in Singapore?

S$80,000 in total for each Year of Assessment, on top of each relief's own ceiling, according to IRAS. A contribution past the cap saves no tax.

Is my bonus taxed in Singapore?

Yes. IRAS taxes a bonus as employment income, at the same rates as salary. CPF on it stops at the Additional Wage ceiling of S$102,000 minus the salary that attracted CPF that year.

Why does a second relief save less?

The first relief lowers your income into a lower band. The next relief then saves tax at that lower rate.

Is it worth topping up if I earn under S$40,000?

Often not. The first taxed bands are 2% and 3.5%, so a relief saves little while the money stays locked.

What tax reliefs can I claim in Singapore?

Common reliefs include earned income relief, spouse relief, qualifying child relief, parent relief, CPF cash top-up relief, CPF cash top-up relief (family), SRS contribution relief, NSman relief and working mother's child relief. This calculator prices the ones you can still contribute to this year: CPF cash top-up relief, CPF cash top-up relief (family) and SRS contribution relief.

Further reading

• Singapore Personal Tax Reliefs For YA 2026 And The $80,000 Cap
• SRS Or CPF Cash Top-Up: Which Cuts More Tax In 2026?