The household monthly income per person is calculated by dividing the total gross household monthly income by the total number of family members living together. Gross monthly household income includes basic employment income, trade/self-employed income, overtime pay, allowances, cash awards, commissions, and bonuses.

 

The monthly income of each member will be determined based on the following: 

 

1. Monthly income as declared to CPF Board by the member’s employer(s), averaged over 12 months; or
2. The latest available annual income assessment by the Inland Revenue Authority of Singapore (IRAS) within the last two calendar years.

1. Monthly income as declared to CPF Board by the member as a self-employed person, averaged over 12 months; or
2. The latest available annual income assessment by the Inland Revenue Authority of Singapore (IRAS) within the last two calendar years. 

 Platform Workers:

1. Monthly income as declared to CPF Board by the member’s platform operator(s), averaged over 12 months; or
2. The latest available annual income assessment by the Inland Revenue Authority of Singapore (IRAS) within the last two calendar years. 

If there have been recent changes to your circumstances that may affect your eligibility, please write to us for a reassessment and we will work with the HOusehold Means Eligibility System (HOMES) team to have your household means tested.