By MoneyBees
Add up your YA2026 personal reliefs against the S$80,000 relief cap, see every IRAS relief and its limit, and what an SRS contribution or CPF cash top-up would still save you in tax.
IRAS caps the total of all personal reliefs you claim at S$80,000 for each Year of Assessment. It has applied since YA2018. Reliefs above the cap are disregarded and cannot be transferred to anyone else.
All of them: CPF relief, Earned Income Relief, NSman relief, Spouse, Child, Working Mother's Child, Parent, Grandparent Caregiver and Sibling reliefs, Life Insurance Relief, SRS relief and CPF Cash Top-up Relief. Donations are a deduction, not a relief, so they sit outside the cap.
IRAS suggests giving up shareable reliefs such as Qualifying Child Relief, Parent Relief and Grandparent Caregiver Relief so your spouse or siblings can claim them, if they qualify. Working Mother's Child Relief cannot be moved.
No. IRAS says there is no refund of SRS contributions, so check your room under the cap before you contribute.
Up to S$15,300 for Singapore Citizens and PRs and S$35,700 for foreigners, for contributions made by 31 December 2025.
Up to S$8,000 for top-ups to your own account and S$8,000 for family members, S$16,000 in all. From YA2026, top-ups that attract a Matched Retirement Savings Scheme grant get no relief.
Course Fees Relief lapsed from YA2026 and Foreign Domestic Worker Levy Relief from YA2025.
It saves S$1,000 times your top tax rate, as long as you are under the cap. At a 7% top rate that is S$70; over the cap it is nothing.
Junxiong-WFG Organisation is an authorised representative of AIA Financial Advisers Private Limited (Reg. No. 201715016G).