Money in Singapore
Plan your money in Singapore with free calculators that work in Singapore dollars, plus links to MAS, CPF, IRAS and MoneySense.
Free calculators for Singapore
These open in SGD automatically. You can switch currency on any tool.
Key rules to know
CPF is your foundation
Employees and employers both contribute to the Central Provident Fund, which funds retirement, housing and healthcare. Contribution rates depend on age and wage — check the CPF website.
SRS for extra tax relief
The Supplementary Retirement Scheme lets you save voluntarily for retirement and claim tax relief on contributions, within a yearly cap.
Singapore Savings Bonds
Government-backed bonds that can be redeemed in any month without penalty, with interest that steps up over time — a low-risk option for savings.
Deposit insurance — up to a limit
SDIC insures eligible deposits at member banks and finance companies up to a limit per depositor per member.
GST on purchases
Goods and Services Tax applies to most purchases. Businesses above the turnover threshold must register with IRAS.
Check before you invest
Use the MAS Financial Institutions Directory to confirm a firm is licensed, and the MAS Investor Alert List to spot unregulated firms.
Official sources
Rates, limits and allowances change. Always confirm current figures with the official source.
- Monetary Authority of Singapore — Financial regulator, licensed firm directory, investor alerts
- CPF Board — Contributions, balances and retirement planning
- IRAS — Income tax, SRS relief and GST
- MoneySense — Government money education
- Singapore Savings Bonds — Rates and how to apply
- SDIC — Deposit insurance coverage
- HDB — Public housing and HDB loans
Common questions
Should I top up CPF or invest on my own?
CPF top-ups earn government-set interest with no market risk and may give tax relief, but the money is locked for retirement. Investing yourself keeps flexibility but carries market risk. Many people do some of each.
How much do I need to retire in Singapore?
Start with the monthly income you want, subtract expected CPF LIFE payouts, and use the retirement calculator to see how much extra savings you need to cover the gap.
This page is general education, not financial, tax or legal advice. See our disclaimer.