What It Tracks in Singapore
- Bank balances, Fixed Deposits, stocks, funds and ETFs, gold, crypto, bonds and property, valued in SGD.
- CPF & SRS: CPF Ordinary Account, CPF Special Account, CPF MediSave, SRS, Endowment plan. CPF: 20% from you and 17% from your employer, up to the S$8,000 monthly ordinary wage ceiling.
- Loans and cards, with a payoff planner that shows which debt to clear first.
- Imports: payslips, bank statements (DMY dates and local shop names understood), invoice lists and broker holdings, read inside your browser.
Year of Assessment 2026 Income Tax at a Glance
Income earned in 2025, taxed in 2026. Rules as of October 2026.
Earned income relief: S$1,000.
| Taxable income | Rate |
|---|---|
| S$0 to S$20,000 | 0% |
| S$20,001 to S$30,000 | 2% |
| S$30,001 to S$40,000 | 3.5% |
| S$40,001 to S$80,000 | 7% |
| S$80,001 to S$120,000 | 11.5% |
| S$120,001 to S$160,000 | 15% |
| S$160,001 to S$200,000 | 18% |
| S$200,001 to S$240,000 | 19% |
| S$240,001 to S$280,000 | 19.5% |
| S$280,001 to S$320,000 | 20% |
| S$320,001 to S$500,000 | 22% |
| S$500,001 to S$1,000,000 | 23% |
| Over S$1,000,000 | 24% |
Payroll Contributions
- CPF, your 20% (saved for you), up to S$102,000
Resident rates. CPF applies to citizens and permanent residents aged 55 and below, and your contribution counts as relief from tax. No one-off personal income tax rebate is included, Budget 2026 did not announce one for YA 2026.
Example: a salary of S$80,000 a year.
Income taxS$2,160
CPF, your 20% (saved for you)S$16,000
Total S$2,160, an effective rate of 2.7%. Take-home about S$61,840 a year, or S$5,153 a month after savings contributions.
Self-Employed and Freelancers
- Self-employed people pay tax on net trade income at the same resident rates.
- If your net trade income is over S$6,000 you must contribute to MediSave.
- Keep records for five years, since IRAS can ask for them.
- GST registration is required once taxable turnover passes S$1 million a year.
On S$80,000 of profit, tax and contributions come to about S$3,280, so setting aside S$273 a month keeps you covered.
Key Dates
- 1 March: Tax filing opens
- 18 April: File your tax return online
If Something Goes Wrong
- FIDReC: Independent resolution of disputes with banks and insurers.
- Monetary Authority of Singapore: Check a firm and give feedback on a financial institution.
- ScamShield: Call 1799 if you think you are being scammed.