Pensions, social security and taxation

Information on retirement, pensions, income tax, social security and taxation of benefits.

Singapore: Employment insurance scheme

This scheme was established to help unemployed workers return to the labour market …

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Singapore :: Taxation of employee benefits

Employers have a duty to declare benefits-in-kind provided to employees unless these benefits-in-kind have been granted administrative concession or exempt from income tax …

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Singapore :: Retirement

The current retirement age in Singapore is 62 …

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Singapore :: Income tax and tax returns

According to section 68(2) of the Income Tax Act, employers must file with the Inland Revenue Authority the following returns: Return of the employee’s remuneration (Form IR8A) Value of benefits in kind (Appendix 8A) or value of gains and profits from stock options (Appendix 8B) Information about CPF contributions (Form IR8S) This must be done by March 31st of each year …

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Singapore :: Employment levies

Employers are liable to pay a Foreign Worker Levy every month when they employ employees who hold a work permits or S Pass …

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Singapore :: Contributions to the Central Provident Fund

The Central Provident Fund (CPF) is a social security system for Singapore Citizens and Permanent Residents …

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