Singapore
Sources and data for Singapore
Every value the calculators use, with its effective dates and a link to the official source.
Goods and Services Tax (GST) rate
- Current value
- 9%
- From
- 1 January 2024
- Source
- IRASCurrent GST rates
- Checked on
- 14 October 2026
CPF employer share by age (wages above $750)
- Current value
- 55 and below 17%
- Above 55 to 60 16%
- Above 60 to 65 12.5%
- Above 65 to 70 9%
- Above 70 7.5%
- From
- 1 January 2026
- Until
- 31 December 2026
- Checked on
- 14 October 2026
CPF employee share by age (wages above $750)
- Current value
- 55 and below 20%
- Above 55 to 60 18%
- Above 60 to 65 12.5%
- Above 65 to 70 7.5%
- Above 70 5%
- From
- 1 January 2026
- Until
- 31 December 2026
- Checked on
- 14 October 2026
CPF employee share factor for wages above $500 to $750
- Current value
- 55 and below 0.6
- Above 55 to 60 0.54
- Above 60 to 65 0.38
- Above 65 to 70 0.23
- Above 70 0.15
- From
- 1 January 2026
- Until
- 31 December 2026
- Checked on
- 14 October 2026
CPF Ordinary Wage ceiling (monthly)
- Current value
- $8,000
- From
- 1 January 2026
- Checked on
- 14 October 2026
CPF wage bands (total wages for the month)
- Current value
- No CPF at or below $50
- Employer share only up to $500
- Full rates above $750
- From
- 1 January 2026
- Checked on
- 14 October 2026
CPF allocation to MediSave (ratio of contribution)
- Current value
- 35 and below 0.22
- Above 35 to 45 0.24
- Above 45 to 50 0.27
- Above 50 to 55 0.28
- Above 55 to 60 0.31
- Above 60 to 65 0.42
- Above 65 to 70 0.64
- Above 70 0.84
- From
- 1 January 2026
- Checked on
- 14 October 2026
CPF allocation to Special or Retirement Account (ratio of contribution)
- Current value
- 35 and below 0.16
- Above 35 to 45 0.19
- Above 45 to 50 0.22
- Above 50 to 55 0.31
- Above 55 to 60 0.34
- Above 60 to 65 0.44
- Above 65 to 70 0.3
- Above 70 0.08
- From
- 1 January 2026
- Checked on
- 14 October 2026
CPF Ordinary Account interest rate
- Current value
- 2.5%
- From
- 1 October 2026
- Until
- 31 December 2026
- Checked on
- 14 October 2026
CPF Special, MediSave and Retirement Account interest rate
- Current value
- 4%
- From
- 1 October 2026
- Until
- 31 December 2026
- Checked on
- 14 October 2026
CPF extra interest on the first $60,000 (members below 55)
- Current value
- 1%
- From
- 1 October 2026
- Checked on
- 15 October 2026
CPF extra interest for members aged 55 and above
- Current value
- On the first $30,000 2%
- On the next $30,000 1%
- From
- 1 October 2026
- Checked on
- 15 October 2026
CPF extra interest limits
- Current value
- Combined balances $60,000
- Of which Ordinary Account $20,000
- First tier for members aged 55 and above $30,000
- From
- 1 October 2026
- Checked on
- 15 October 2026
HDB concessionary housing loan interest rate
- Current value
- 2.6%
- From
- 1 October 2026
- Until
- 31 December 2026
- Checked on
- 15 October 2026
Skills Development Levy rate
- Current value
- 0.25%
- From
- 1 January 2024
- Checked on
- 15 October 2026
Skills Development Levy minimum and maximum
- Current value
- Minimum levy $2
- Maximum levy $11.25
- Minimum applies below $800
- Maximum applies above $4,500
- From
- 1 January 2024
- Checked on
- 15 October 2026
Total Debt Servicing Ratio threshold
- Current value
- 55%
- From
- 16 December 2021
- Checked on
- 15 October 2026
Mortgage Servicing Ratio cap (HDB flats and ECs)
- Current value
- 30%
- From
- 1 January 2024
- Checked on
- 15 October 2026
Medium-term interest rate floor for TDSR
- Current value
- Residential property 4%
- Non-residential property 5%
- From
- 1 January 2024
- Checked on
- 15 October 2026
Minimum haircut on variable and rental income
- Current value
- 30%
- From
- 1 January 2024
- Checked on
- 15 October 2026
Maximum loan tenure for bank housing loans
- Current value
- HDB flat 30 years
- Other property 35 years
- From
- 1 January 2024
- Checked on
- 15 October 2026
Resident income tax rates (from YA 2024)
- Current value
Table with 13 brackets
$0 / $20,000 0% $20,000 / $30,000 2% $30,000 / $40,000 3.5% $40,000 / $80,000 7% $80,000 / $120,000 11.5% $120,000 / $160,000 15% $160,000 / $200,000 18% $200,000 / $240,000 19% $240,000 / $280,000 19.5% $280,000 / $320,000 20% $320,000 / $500,000 22% $500,000 / $1,000,000 23% $1,000,000 + 24% - From
- 1 January 2024
- Checked on
- 14 October 2026
Earned Income Relief by age
- Current value
- Below 55 $1,000
- 55 to 59 $6,000
- 60 and above $8,000
- From
- 1 January 2024
- Source
- IRASEarned Income Relief
- Checked on
- 14 October 2026
Personal income tax relief cap
- Current value
- $80,000
- From
- 1 January 2024
- Checked on
- 14 October 2026
Non-resident flat rate on employment income
- Current value
- 15%
- From
- 1 January 2024
- Checked on
- 14 October 2026
Non-resident rate on other income
- Current value
- 24%
- From
- 1 January 2024
- Checked on
- 14 October 2026
Yearly maximum SRS contribution
- Current value
- Singapore Citizen or PR $15,300
- Foreigner $35,700
- From
- 1 January 2024
- Checked on
- 14 October 2026
Buyer's Stamp Duty, residential property
- Current value
Table with 6 brackets
$0 / $180,000 1% $180,000 / $360,000 2% $360,000 / $1,000,000 3% $1,000,000 / $1,500,000 4% $1,500,000 / $3,000,000 5% $3,000,000 + 6% - From
- 15 February 2023
- Checked on
- 14 October 2026
Buyer's Stamp Duty, non-residential property
- Current value
Table with 5 brackets
$0 / $180,000 1% $180,000 / $360,000 2% $360,000 / $1,000,000 3% $1,000,000 / $1,500,000 4% $1,500,000 + 5% - From
- 15 February 2023
- Checked on
- 14 October 2026
Additional Buyer's Stamp Duty rates
- Current value
- Singapore Citizen, first home 0%
- Singapore Citizen, second home 20%
- Singapore Citizen, third or later home 30%
- Singapore PR, first home 5%
- Singapore PR, second home 30%
- Singapore PR, third or later home 35%
- Foreigner, any home 60%
- Entity, any home 65%
- From
- 27 April 2023
- Checked on
- 14 October 2026
Seller's Stamp Duty for homes bought from 11 Mar 2017 to 3 Jul 2025
- Current value
- Sold within 1 year 12%
- More than 1 and up to 2 years 8%
- More than 2 and up to 3 years 4%
- From
- 11 March 2017
- Checked on
- 14 October 2026
Seller's Stamp Duty for homes bought on or after 4 Jul 2025
- Current value
- Sold within 1 year 16%
- More than 1 and up to 2 years 12%
- More than 2 and up to 3 years 8%
- More than 3 and up to 4 years 4%
- From
- 4 July 2025
- Checked on
- 14 October 2026
Property tax, owner-occupied residential
- Current value
Table with 8 brackets
$0 / $12,000 0% $12,000 / $40,000 4% $40,000 / $50,000 6% $50,000 / $75,000 10% $75,000 / $85,000 14% $85,000 / $100,000 20% $100,000 / $140,000 26% $140,000 + 32% - From
- 1 January 2025
- Source
- IRASProperty tax rates
- Checked on
- 14 October 2026
Property tax, non-owner-occupied residential
- Current value
Table with 4 brackets
$0 / $30,000 12% $30,000 / $45,000 20% $45,000 / $60,000 28% $60,000 + 36% - From
- 1 January 2024
- Source
- IRASProperty tax rates
- Checked on
- 14 October 2026
Property tax, non-residential property
- Current value
- 10%
- From
- 1 January 2024
- Source
- IRASProperty tax rates
- Checked on
- 14 October 2026
Annual leave days by year of service (Employment Act)
- Current value
- 1st year 7 days
- 2nd year 8 days
- 3rd year 9 days
- 4th year 10 days
- 5th year 11 days
- 6th year 12 days
- 7th year 13 days
- 8th year and after 14 days
- From
- 1 January 2024
- Checked on
- 14 October 2026
Months of service before paid leave applies
- Current value
- 3 months
- From
- 1 January 2024
- Checked on
- 14 October 2026
Minimum overtime rate
- Current value
- 1.5
- From
- 1 January 2024
- Checked on
- 14 October 2026
Overtime coverage salary limits
- Current value
- Non-workman $2,600
- Workman $4,500
- From
- 1 January 2024
- Checked on
- 14 October 2026
Hourly basic rate cap for non-workmen
- Current value
- $13.60
- From
- 1 January 2024
- Checked on
- 14 October 2026
Maximum overtime hours in a month
- Current value
- 72 hours
- From
- 1 January 2024
- Checked on
- 14 October 2026
Normal hours of work in a week
- Current value
- 44 hours
- From
- 1 January 2024
- Checked on
- 14 October 2026
Paid outpatient sick leave by months of service
- Current value
- 3 5 days
- 4 8 days
- 5 11 days
- 6 14 days
- From
- 1 January 2024
- Checked on
- 14 October 2026
Paid hospitalisation leave by months of service
- Current value
- 3 15 days
- 4 30 days
- 5 45 days
- 6 60 days
- From
- 1 January 2024
- Checked on
- 14 October 2026
Notice period when the contract is silent
- Current value
- Less than 26 weeks 1 day
- 26 weeks to less than 2 years 7 days
- 2 years to less than 5 years 14 days
- 5 years or more 28 days
- From
- 1 January 2024
- Checked on
- 14 October 2026
Retrenchment benefit prevailing norm
- Current value
- Years of service to be eligible 2
- Lower end, weeks of salary per year 2
- Upper end, months of salary per year 1
- From
- 1 January 2024
- Checked on
- 14 October 2026
Values that update automatically
Consumer Price Index (CPI), all items, 2024 = 100
- Current value
- 103.55
- Latest figure
- 1 September 2026