Review taxable annuity sources
For business or Singapore partnership annuities, the page describes taxation of 3% of the purchase amount, or full further payouts once cumulative payouts equal the purchase amount. SRS annuities follow the relevant 100% or 50% withdrawal treatment. An employer-bought annuity replacing pension or employment benefits has its full payout taxed.
Reporting route
Taxable partnership or employer-policy annuities are declared under “Other Income”. SRS annuity information is sent electronically by the SRS operator and need not be separately declared. Identify the policy funding and arrangement before choosing the reporting route.
Official source
A concise, independent Apex Gateway guide based on the official English source, not a reproduction of the complete document. Consult the original for full conditions, exceptions and subsequent updates.
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