CrawlJobs Logo

Self-employed (sole proprietor) salary calculator - Singapore 2026

Free Self-employed (sole proprietor) salary calculator for Singapore (2026). Estimate gross-to-net take-home pay: income tax, social contributions and net salary. Educational, not tax advice.

Simon Bodych

by Simon Bodych

Methodology & sources

Methodology - Singapore (YA 2027, income earned in 2026)

Educational model - not an IRAS notice of assessment, not a CPF Board statement, not tax advice.

Employee

  • Resident progressive income tax (YA 2024 onwards scale): 0% on the first $20,000, then 2%, 3.5%, 7%, 11.5%, 15%, 18%, 19%, 19.5%, 20%, 22% (above $320,000), 23% (above $500,000) and 24% above $1,000,000 of chargeable income.
  • CPF applies only to Singapore Citizens and Permanent Residents. For age 55 and below the employee contributes 20% and the employer 17% of wages. From 1 January 2026 the senior bands are: above 55 to 60: 18% employee / 16% employer; above 60 to 65: 12.5% / 12.5%; above 65 to 70: 7.5% / 9%; above 70: 5% / 7.5%.
  • The CPF Ordinary Wage ceiling is $8,000 per month from 1 January 2026 (fully phased in). The annual salary ceiling stays at $102,000 of total wages and the CPF Annual Limit at $37,740. This calculator models a flat monthly salary with no bonus, so the monthly $8,000 ceiling is the binding cap.
  • Foreigners (for example Employment Pass or S Pass holders) do not contribute to CPF and their employers pay no CPF for them. Pick "Foreigner" to see this case. The small employer-side Skills Development Levy is out of scope.
  • Chargeable income = gross salary minus employee CPF contributions (CPF Relief) minus Earned Income Relief ($1,000 below age 55; $6,000 for 55-59; $8,000 for 60 and above), subject to the $80,000 personal income tax relief cap.
  • The model assumes a tax-resident taxpayer. Non-residents are taxed differently (employment income at a flat 15% or the resident scale, whichever gives higher tax; director fees at 24%) and are not modelled.
  • PROVISIONAL: no Personal Income Tax Rebate is assumed for YA 2027. None has been announced as of June 2026 (the last rebate was 60% capped at $200 for YA 2025); Budget 2027 may introduce one.
  • Out of scope: bonuses and the Additional Wage ceiling, SRS contributions, spouse/child/parent and other personal reliefs, donations, rental and other non-employment income, PR graduated first and second year CPF rates, the Skills Development Levy and the foreign worker levy.

Sources: IRAS - Individual Income Tax rates, CPF Board - CPF Contribution Rate Table from 1 January 2026, CPF Board - CPF Contribution Changes, IRAS - CPF Relief for employees, IRAS - Earned Income Relief, MOM - Work passes and permits.

Self-employed (sole proprietor)

  • Net trade income = revenue minus allowable business expenses, taxed at the same resident progressive scale as an employee.
  • Singapore Citizen and PR self-employed persons must contribute to MediSave once annual net trade income exceeds $6,000. Full rates apply from $18,000 of net trade income: 8% below age 35, 9% for 35 to below 45, 9.5% for 45 to below 50, 10.5% for 50 and above. Between $6,000 and $12,000 half the rate applies; between $12,000 and $18,000 the rate phases in (modelled here as a linear ramp - a simplification of the official phased table).
  • The MediSave contribution is capped at the full rate applied to $96,000 of net trade income (12 times the $8,000 monthly Ordinary Wage ceiling from 1 January 2026) - for example $7,680 below age 35. This mirrors the CPF Board rule that MediSave can be limited once annual income excluding Additional Wages exceeds $96,000 for 2026 onwards.
  • Foreign self-employed persons do not contribute to CPF or MediSave.
  • Chargeable income = net trade income minus mandatory MediSave (CPF Relief for self-employed) minus Earned Income Relief ($1,000 below age 55), subject to the $80,000 relief cap.
  • Other CPF contributions (Ordinary and Special Account) are voluntary for the self-employed and not modelled.
  • Out of scope: GST (registration above $1 million turnover), voluntary CPF top-ups, the Basic Healthcare Sum interplay, contribute-as-you-earn for platform workers, partnerships and company structures, and non-resident rates.

Sources: CPF Board - Saving as a self-employed person, CPF Board - MediSave contribution rates for self-employed persons, IRAS - CPF Relief for self-employed, IRAS - Individual Income Tax rates.