Singapore Take-Home Pay Calculator

About the Singapore Take-Home Pay Calculator

Work out what lands in your bank account each month in Singapore. Enter your monthly salary and any bonus, and the calculator takes off your CPF contributions the way your employer must: by CPF Board’s contribution rates for your age band and residency, on Ordinary Wages up to S$8,000 a month and on bonuses up to the yearly Additional Wage ceiling, rounded as CPF’s rules say. It shows every month of the year, the bonus month and the month your rates change after a birthday at 55, 60, 65 or 70, and what your employer pays into your CPF on top.

Income tax is not taken from pay in Singapore: IRAS bills it the year after. The calculator estimates that bill with the resident rates, your CPF relief and Earned Income Relief, so you can see your pay after tax and how much to set aside each month. Foreigners pay no CPF and can be tax residents or non-residents; both cases are covered. Nothing you type leaves your browser.

CPF contribution rates

For Singapore Citizens and Permanent Residents from their third year of PR status, on total wages above S$750 a month (CPF Board contribution rate tables):

• 55 and below: you 20%, your employer 17%, total 37%
• Above 55 to 60: you 18%, your employer 16%, total 34%
• Above 60 to 65: you 12.5%, your employer 12.5%, total 25%
• Above 65 to 70: you 7.5%, your employer 9%, total 16.5%
• Above 70: you 5%, your employer 7.5%, total 12.5%

A new age band starts on the first day of the month after your 55th, 60th, 65th or 70th birthday (CPF Board). On total wages of S$50 or less no CPF is payable; above that and up to S$500 only your employer contributes; between S$500 and S$750 your share is phased in (at 55 and below, 0.6 × the wages above S$500). CPF Board has also published the next rates, higher for older workers: above 55 to 60 35.5% (you 19%) and above 60 to 65 26% (you 13%) (CPF Board). Choose the later year under Wages paid in to see them.

The wage ceilings and how CPF is rounded

Ordinary Wages (your monthly salary) attract CPF up to the Ordinary Wage ceiling of S$8,000 a month. Additional Wages (bonuses and other wages not for the month’s work) attract CPF up to the Additional Wage ceiling for the calendar year: S$102,000 less the Ordinary Wages that attracted CPF that year, for each employer (CPF Board). On S$10,000 a month, S$96,000 of salary attracts CPF, which leaves S$6,000 of bonus; at 55 and below the most CPF on a year’s wages is therefore S$37,740, of which you pay S$20,400.

Each month the total contribution is rounded to the nearest dollar (50 cents and above up), your share is rounded down to the dollar, and your employer pays the rest; salary and bonus paid in the same month are added up before rounding (CPF Board rate tables).

Income tax: billed the year after

Singapore taxes a calendar year’s income in the following Year of Assessment (YA), and IRAS sends a tax bill (a Notice of Assessment) after you file. Your employer deducts CPF from your pay, not income tax; the exception is tax clearance, when an employer must withhold the money due to a non-citizen employee who stops work in Singapore or leaves for more than three months (IRAS)). Tax residents pay the progressive rates from 0% on the first S$20,000 of chargeable income up to 24% above S$1,000,000 (IRAS). Chargeable income is your income less reliefs: your compulsory CPF contributions (CPF relief, IRAS-relief-for-employees)), Earned Income Relief of S$1,000 below 55, S$6,000 at 55 to 59 and S$8,000 from 60 (IRAS), and any others you qualify for, with all reliefs capped at S$80,000 a year (IRAS). For every relief and rebate, use the Singapore income tax calculator.

New Permanent Residents and foreigners

In the first two years of PR status, CPF is paid at graduated rates (in the first year, 5% from you and 4% from your employer at 55 and below) unless you and your employer apply together to pay more: full employer rates with graduated employee rates, or full rates for both (CPF Board). The second year starts on the first day of the month after the first anniversary of PR status, and the full rates from the month after the second.

Foreigners (Employment Pass, S Pass and Work Permit holders) do not pay CPF. You are a tax resident if you stay or work in Singapore for at least 183 days in a calendar year (or continuously for three years, or for at least 183 days across two years as an employee); otherwise your employment income is taxed at 15% or at the resident rates, whichever is more, without personal reliefs (IRAS).

Limitations

• The salary is taken as the same every month of the year, with one employer and at most one bonus; overtime, commission and allowances that vary are not modelled month by month.
• Self-help group contributions (CDAC, ECF, MBMF or SINDA), which are deducted through payroll unless you opt out, are not included; neither are deductions your employer makes for other reasons.
• The rates are CPF Board’s tables for private-sector and non-pensionable employees; pensionable public officers have their own rates.
• A change of PR year during the year is not split by month: run the calculator for each part of the year.
• The tax estimate counts this job only, with CPF relief, Earned Income Relief and the other reliefs you enter. Donations, rental or business income and rebates are in the Singapore income tax calculator.
• Employer costs other than CPF, such as the Skills Development Levy or the foreign worker levy, are not shown, and neither is how CPF Board splits contributions between your Ordinary, Special or Retirement, and MediSave Accounts.

Privacy

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