Take-home pay, income tax and CPF
In Singapore your take-home pay depends on IRAS income tax and your CPF contribution. These calculators use the YA2026 rates so you can see your net pay without checking the tables.
From gross to net
Income tax is progressive and low: the first $20,000 is tax-free, then rates run from 2% to 24%. The bigger deduction is CPF: if you're 55 or under, you contribute 20% of wages (up to an $8,000/month ceiling) and your employer adds 17% — it funds your retirement, housing and healthcare.
GST, mortgages and inflation
GST is 9%. Mortgage rates are among the world's lowest, around 2.5%. And since 2010 prices are up about 1.39× (SingStat CPI) — relatively contained.
Key 2026 numbers
| Item | 2026 value (reference) |
|---|---|
| Income tax (IRAS) | 0% up to $20,000, then 2% – 24% |
| CPF (employee, ≤55) | 20% (wage ceiling $8,000/mo) |
| CPF (employer, ≤55) | 17% |
| GST | 9% |
| Avg mortgage rate | ~2.5% |
| USD / SGD | ~1.29 |
| Inflation since 2010 (CPI) | prices ~1.39× (100 → 139) |
These figures are estimates for YA2026 and change over time (CPF rates step down with age). This is not financial advice — use it as a quick estimate.