Who can claim
You are entitled to a SRS tax relief in the Year of Assessment following the year of contribution. However, you have to be assessed as a tax resident for that Year of Assessment. Non-residents do not qualify for any tax relief.
Example
Contribution made in the year 2011 is deductible in Year of Assessment 2012 if you are regarded as a tax resident in Year of Assessment 2012.
How much you can claim
If you are regarded as a tax resident for Year of Assessment 2012, the relief allowed to you is the actual SRS contribution made by you and your employer in 2011. The maximum SRS contribution for a Singaporean/Singapore permanent resident and foreigner are $12,750 and $29,750 respectively in the year 2011.
How to claim
You do not need to make a claim in your tax return as it will be allowed automatically based on information provided by the SRS operator.
For foreigners or Singapore permanent residents
If you are seeking tax clearance and wish to claim a relief on your contributions made in the year of cessation/departure, you must obtain a SRS statement of contributions/withdrawals (98KB) (for tax clearance) from the SRS operator specifically for the purpose of tax clearance.