Three types of income from investments are discussed, namely annuities, interest and dividends.
Annuities
All annuities received in Singapore are not taxable unless they are received from the following sources:
| S/N | Source | How the annuity is taxed each year |
| (1) | From the carrying on of a trade, business or profession, or through a partnership in Singapore | – 3% of the total amount you paid for the annuity; or
– If the total annuity payouts you have received is equal to the amount you paid for the annuity, any further amount of annuity payout received is taxed in full. |
| (2) | Supplementary Retirement Scheme (SRS) | 100% or 50% are subjected to tax upon withdrawal, depending on the circumstances. |
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Web page updated on 17 Mar 2025 13:17