Identify the exemption
Government pensions received in Singapore are fully exempt where the recipient is a Singapore tax resident. For approved Singapore pension funds, amounts accrued up to 31 December 1992 are exempt where retirement occurs at the retirement age specified in the fund or scheme. The exemption depends on the stated residency or fund conditions, rather than the payment simply being called a pension.
Declare the taxable portion
Pension attributable to contributions after 31 December 1992 is taxable under the source guidance. The example distinguishes earlier fund value from subsequent employer additions. Declare taxable pensions under “Employment – Others” in the income tax return. Obtain the relevant fund breakdown where payments contain both historic exempt and taxable amounts.
Official source
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