How will the household monthly income per person be computed?

In general, annual income from work from all household members will be used.

For those who are salaried employees, their income will be based on either:

a) the average monthly income over the last available 12-month period, including bonuses, as derived by the Central Provident Fund (CPF) Board ; or

b) the average monthly income from work (sum of net employment income and annual trade income before losses brought forward) assessed by the Inland Revenue Authority of Singapore (IRAS) for the latest available assessment year.

For those who are self-employed, their income will be based on either:

a) the average monthly income from work (sum of net employment income and annual trade income before losses brought forward) assessed by IRAS for the latest available assessment year; or

b) the income declared to the CPF Board or the income assumed under the CPF Legislation within the last year.

Should there be a change in your income or employment status, you may be required to submit supporting documents to reflect this change at a later date.

This information provided here is sourced from the MOH website.