Income/Allowance considered:

* Pension
* Stipend

Income/Allowance NOT considered:

* Rental income
* Interest from fixed deposit/savings account
* Alimony allowance (divorce cases)
* Bonuses



Employed Person


Assessment is based on monthly gross salary (excluding income earned from overtime work) which includes allowances (fixed/variable) received on a regular basis (eg transport, food, laundry, uniform, etc).

Proof of income:

* Latest Original Payslips or Letter from employer (with company stamp/letterhead, name, signature and designation of certifying officer).


NOTE:
Income tax returns are not acceptable for employed persons. Bonuses will also not form part of the assessment and will need to be excluded.





Self-employed

Assessment is based on the average monthly gross income for the past 6 months to 1 year.

Proof of income:

* Income tax assessment for the past 12 months or Statement of Annual Accounts certified by an Audit Firm to confirm income for the past 12 months; and
* Valid Accounting & Corporate Regulatory Authority (ACRA) Computer Information (Business Profile)/Valid license of business/trade.





Part-time Worker

* Monthly-rated part-time employee with fixed monthly salary is required to submit a letter from employer stating his/her permanent staff status and salary received (with company stamp/letterhead, name, signature and designation of certifying officer).

* Hourly-rated part-time employee with variable salary is required to submit the latest 12 months payslips or letter from employer stating past 12 months salary (with company stamp/letterhead, name, signature and designation of certifying officer).






Commission-Based Persons

* Latest 12 months commission statements/payslips or Letter from employer stating past 12 months commission (with company stamp/letterhead, name, signature and designation of certifying officer).






Odd Job Worker

Assessment is based on the average monthly gross income for the past 6 months to 1 year.

Proof of income:

* Latest income tax return/assessment;
* Previous years income tax return/assessment