How to use the CIT calculator
Enter the monthly CIT deduction, existing balance, years remaining and expected return. Increase annual deposit growth if you plan to raise the monthly contribution with salary growth.
What the Employee Saving Growth scheme is
CIT describes it as a voluntary, fully funded, individual-account retirement scheme. An employer deducts the chosen amount from salary and deposits it monthly. Unlike EPF's standard matched contribution, the CIT amount is entered directly because voluntary arrangements vary.
Current reference rate
| Scheme | Published rate checked 21 June 2026 |
|---|---|
| Employee Saving Growth Approved Retirement Fund | 3.75% |
Rates can change during a long saving period. Try a lower and higher return to understand the range instead of treating one projection as guaranteed.
Sources and disclaimer
Reviewed 21 June 2026 against CIT's official Employee Saving Growth Retirement Scheme and interest-rate table. Confirm account balance, withdrawal rules, tax treatment and the current rate directly with CIT.
Frequently asked questions
What CIT scheme does this calculator estimate?
It is designed for the Citizen Investment Trust Employee Saving Growth Retirement Scheme, a voluntary defined-contribution, individual-account retirement scheme funded through monthly deposits.
What CIT interest rate is used?
The calculator starts at 3.75%, the official rate shown for the employee retirement scheme when checked on 21 June 2026. You can edit it for another period or scenario.
How much CIT contribution gets an income-tax deduction?
Approved retirement-fund contributions share an overall tax-deduction limit with SSF and EPF. The applicable annual cap and one-third-of-remuneration rule should be checked for the fiscal year; do not treat the full projected deposit as automatically deductible.
Is CIT return fixed for the whole term?
No. Published rates can change. A long-term projection using one rate is only a planning scenario, not a guaranteed maturity amount.