Singapore Budget 2021 – Individuals and Households

NAVIGATION

Individual Income Tax Rate
GST Voucher (GSTV) – Cash Special Payment
GST Voucher (GSTV) – U-Save Special Payment
Service and Conservancy Charges Rebate (S&CC Rebate)
Top-Ups to Child Development Account, EDUSAVE Account, and Postsecondary Education Account
Community Development Council Vouchers Scheme)
Reduction in S Pass Sub-Dependency Ratio Ceiling (DRC)
Foreign Worker Levy (FWL) Rates
Extension of SGUNITED Skills Programme (SGUS)
Extension of SGUINITED Mid-Career Pathways Programme – Company Training(SGUP – CT)

1. INDIVIDUAL INCOME TAX RATE

As with past year, there is also no change in personal income tax rate in this budget.

	Chargeable Income (S$)	Tax rate (%)	Gross Tax Payable (S$)
On the first On the next	20,000/- 10,000/-	0 2	0 200/-
On the first On the next	30,000/- 10,000/-	– 3.5	200/- 350/-
On the first On the next	40,000/- 40,000/-	– 7	550/- 2,800/-
On the first On the next	80,000/- 40,000/-	– 11.5	3,350/- 4,600/-
On the first On the next	120,000/- 40,000/-	– 15	7,950/- 6,000/-
On the first On the next	160,000/- 40,000/-	– 18	13,950/- 7,200/-
On the first On the next	200,000/- 40,000/-	– 19	21,150/- 7,600/-
On the first On the next	240,000/- 40,000/-	– 19.5	28,750/- 7,800/-
On the first On the next	280,000/- 40,000/-	– 20	36,550/- 8,000/-
On the first In excess of	320,000/- 320,000/-	– 22	44,550/-

2. GST VOUCHER (GSTV) – CASH SPECIAL PAYMENT

To help lower-income families with their daily living expenses, each Singaporean who qualify for GSTV – Cash (paid every August) will receive an additional Cash Special

Payment of S$200/- in June 2021.

The GSTV – Cash scheme benefits Singaporeans aged 21 years and above in 2021
with:-

Assessable Income (AI) for the Year of Assessment (YA) 2020 of not more than
S$28,000/-;
Annual Value of place of residence (as reflected on NRIC) as at 31 December 2020
of not more than S$21,000/-; and
Ownership of not more than one property.

AI for YA 2020 ≤ S$28,000/-	Annual Value of Home as a 31 Dec 2020
AI for YA 2020 ≤ S$28,000/-	Up to S$13,000/-	S$13,001/- to S$21,000/-
GSTV – Cash Special Payment [To be paid in June 2021]	S$200/-
GSTV – Cash (regular payment) [To be paid in August 2021]	S$300/-	S$150/-
Total in FY 2021	S$500/-	S$350/-

3. GST VOUCHER (GSTV) – U-SAVE SPECIAL PAYMENT

All eligible HDB households will receive an additional 50% of their regular GST Voucher (GSTV) – U-Save this year, through a one-off GSTV – U-Save Special Payment. This USave Special Payment will be credited in April 2021 and July 2021, together with their regular U-Save.

HDB Flat Type	April 2021		July 2021		Oct 2021	Jan 2022	Total GSTV – U-Save for FY2021
	Regular GSTV – U-Save	GSTV – U-Save Special Payment	Regular GSTV – U-Save	GSTV – U-Save Special Payment	Regular GSTV – U-Save	Regular GSTV – U-Save
	1- and 2- room	S$100/-	S$100/-	S$100/-	S$100/-	S$100/-		S$95/-	S$595/-
3-room	S$90/-	S$90/-	S$90/-	S$90/-	S$90/-	S$85/-	S$535/-
4-room	S$80/-	S$80/-	S$80/-	S$80/-	S$80/-	S$75/-	S$475/-
5-room	S$70/-	S$70/-	S$70/-	S$70/-	S$70/-	S$65/-	S$415/-
Executive / Multi- Generation	S$60/-	S$60/-	S$60/-	S$60/-	S$60/-	S$55/-	S$355/-

Notes:-

Households whose members own more than one property are not eligible for GSTV – U-Save.
Eligible households will receive their regular GSTV – U-Save over four quarters in April 2021, July 2021, October 2021 and January 2022.
On top of the regular GSTV – U-Save, eligible households will receive their GSTV – U-Save Special Payment over two quarters in April 2021 and July 2021.
The regular GSTV – U-Save in April 2021, July 2021 and October 2021 include an additional
S$5/- per quarter from January 2019 to December 2021, as announced in Budget 2018 to mitigate the impact of introduction of carbon tax. From January 2022, the regular GSTV – USave that households will receive will no longer include the additional S$5/-.

4. SERVICE AND CONSERVANCY CHARGES REBATE (S&CC REBATE)

Eligible Singaporean households living in HDB flats will receive rebates to offset between 1.5 and 3.5 months of S&CC Rebate over FY2021:-

HDB Flat Type	No. of months of S&CC Rebate in FY2021
HDB Flat Type	April 2021	July 2021	October 2021	January 2021	Total for FY2021
1- and 2-room	1	1	1	0.5	3.5
3- and 4-room	1	0.5	0.5	0.5	2.5
5-room	0.5	0.5	0.5	0.5	2.0
Executive / Multi-Generation	0.5	0.5	0.5	–	1.5

Notes:-

Eligible households will received their S&CC Rebate over four quarters in April 2021, July 2021, October 2021 and January 2022.
Households with a member owning or having any interest in a private property, or have rented out the entire flat, are not eligible for the S&CC Rebate.

5. TOP-UPS TO CHILD DEVELOPMENT ACCOUNT, EDUSAVE ACCOUNT, AND POSTSECONDARY EDUCATION ACCOUNT

To provide families with additional support for their children’s education-related expenses, each Singaporean child will receive a one-off top-up of S$200/- to the Child Development Account (CDA), Edusave account, or Post-Secondary Education Account (PSEA), depending on his/her age and/or academic level. The top-up to the Edusave account is in addition to the annual Edusave contribution by the Government.

Age in 2021	Date of Birth (Inclusive of both dates)	Account Receiving Top-up	Amount	Estimated Timeline
0 – 6	Between 1 Jan 2015 and 31 Dec 2021	CDA	S$200/-	Sep 2021
7 – 16	Between 1 Jan 2005 and 31 Dec 2014	Edusave	S$200/-	May 2021
17 – 20	Between 1 Jan 2001 and 31 Dec 2004	PSEA	S$200/-	May 2021

Notes:-

Children born on 1 January 2015 who have started primary school in 2021 will receive the top-up in their Edusave accounts.
Those who are 16 years old in 2021 and studying in Government-funded post-secondary institutions (Junior Colleges or Centralised Institute) will receive top-up in their PSEA.
Those who are between 17 and 20 years old in 2021 and studying in secondary schools will receive the top-up in their Edusave accounts.
Children studying in Government-funded special education (SPED) schools will receive the top-up in their Edusave accounts, regardless of age. Other children with special needs will also receive the top-up in the relevant accounts based on age.

6. COMMUNITY DEVELOPMENT COUNCIL VOUCHERS SCHEME

To support heartland business and hawkers, the Government will partner the Community Development Councils (CDCs) to give each Singaporean household S$100/- worth of CDC Vouchers. These vouchers can be used at participating heartland shops and hawker centres.

Further details will be announced by the CDCs in due course.

7. REDUCTION IN S PASS SUB-DEPENDENCY RATIO CEILING (DRC)

The S Pass Sub-DRC will be cut from 20% to 15% in phases over 2 years for

manufacturing sector starting from 1 January 2022. S Pass workers refer to mid-level

Sector	Current	Changes
DRC
Services	35%	No change
Manufacturing	60%	No change
Construction	87.5%	No change
Process	87.5%	No change
Marine Shipyard	77.8%	No change
S Pass sub-DRC
Services	10%	No Change
Manufacturing	20%	To be reduced to 18% from 1 Jan 2022, and to 15% from 1 Jan 2023 as announced at Budget 2021
Construction	18%	To be reduced to 15% on 1 Jan 2023 as previously announced at Budget 2020
Process
Marine Shipyard

8. FOREIGN WORKER LEVY (FWL) RATES

FWL rates will remain unchanged for all sectors as show below:

EP Pass Types	Tier	Dependency Ratio Ceiling (DRC)	Higher-Skilled (R1) / Basic-Skilled (R2)
EP Pass Types	Tier	Dependency Ratio Ceiling (DRC)	1 Jul 2020 Levy Rates (S$)	1 Jul 2021 Levy Rates (S$)	1 Jul 2022 Levy Rates (S$)
S Pass	Basic Tier	≤ 10%	330/-	330/-	To be announced in 2022
S Pass	Tier 2	≥ 10% *	650/-	650/-
Services Work Permit holders (WPH)	Basic Tier	≤ 10%	300/- / 450/-	300/- / 450/-
	Tier 2	10-25%	400/- / 600/-	400/- / 600/-
	Tier 3	25-35%	600/- / 800/-	600/- / 800/-
Manufacturing WPH	Basic Tier	≤ 25%	250/- / 370/-	250/- / 370/-
	Tier 2	25-50%	350/- / 470/-	350/- / 470/-
	Tier 3	50-60%	550/- / 650/-	550/- / 650/-
Construction WPH	Man-Year Entitlement (MYE)	≤ 87.5%	300/- / 700/-	300/- / 700/-	300/- / 700/-
Construction WPH	MYEWaiver	≤ 87.5%	600/- / 950/-	600/- / 950/-	600/- / 950/-
Process WPH	MYE	≤ 87.5%	~~300/- / 500/-~~ 300/- / 450/-	~~300/- / 500/-~~ 300/- / 450/-	To be announced in 2022
Process WPH	MYE- Waiver	≤ 87.5%	~~600/- / 800/-~~ 600/- / 750/-	~~600/- / 800/-~~ 600/- / 750/-
Marine Shipyard WPH	Basic Tier	≤ 77.8%	~~350/- / 500/-~~ 300/- / 400/-	~~350/- / 500/-~~ 300/- / 400/-

Notes:-

Strike-outs refer to earlier-announced levy rates which were deferred.
* The S Pass sub-DRC is 20% in Manufacturing, 18% in Construction, Marine Shipyard and
Process, and 10% in Services sector.

9. EXTENSION OF SGUNITED SKILLS PROGRAMME (SGUS)

SGUS programme is a full-time training programme comprising certifiable courses delivered by Continuing Education and Training (CET) Centres, including Institutes of Higher Learning. The training courses are designed in partnership with industry.

Trainees will also have the chance to apply the skills learnt during the programme, through opportunities like workplace immersions and industry projects.

Trainees can also benefit from employment facilitation efforts offered by training
providers. SGUS courses are conducted in a modular format to facilitate transition to employment as and when job opportunities are present.

Trainees will also receive a training allowance of S$1,200/- per month for the duration of the programme, to cover basic subsistence expenses. Individuals can use their SkillsFuture Credit to offset the course fees.

SGUS will be extended for one year until 31 March 2022 to continue supporting the reskilling of mid-career jobseekers with the following adjustments:-

The capacity of in-demand courses and courses with good hiring opportunities will be increased to help jobseekers access job opportunities in growth sectors as the economy recovers.
SGUS courses will be made more compact from 1 April 2021 onwards, with a duration of up to six months in general, to channel jobseekers more quickly to employment opportunities.

10. EXTENSION OF SGUNITED MID-CAREER PATHWAYS PROGRAMME – COMPANY TRAINING (SGUP-CT)

SGUP-CT programme is a full-time training programme for mid-career individuals, developed and delivered by market-leading companies such as Google, Shopee, and IBM.

Trainees will receive a training allowance of S$1,500/- per month for the duration of the programme, to cover basic subsistence expenses. Individuals can use their SkillsFuture Credit to offset the course fees.

SGUP-CT will be extended for one year until 31 March 2022 to continue to support midcareer jobseekers in reskilling and upskilling, with the following adjustments:-

The capacity of in-demand courses and courses with good hiring opportunities will be expanded, to increase chances of jobseekers securing a job in growth sectors as the economy recovers.
SGUP-CT courses will be made more compact from 1 April 2021 onwards, with a duration of up to six months in general, to channel jobseekers more quickly to employment opportunities.