Filing income tax gets easier with practice. The numbers rarely stop being confusing.

A lot of that comes from one misunderstanding: the “tax bracket” everyone talks about is not the rate you actually pay. Singapore’s rates are progressive, so being “in the 11.5% bracket” does not mean 11.5% of your income disappears. The real figure is usually a fraction of that, and it is worth knowing before you assume the worst about your bill.

So which bracket are you in, and how much of your income actually goes to tax once the brackets are applied? This guide covers the 2026 rates, what the bill works out to in dollars, the reliefs that bring it down, and how filing works.

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As a foreigner working in Singapore, you don’t contribute to CPF. That leaves a question your Singaporean colleagues never have to ask: where does your retirement saving actually happen?

The Supplementary Retirement Scheme (SRS) is one answer, and it’s arguably more valuable for foreigners than for locals. Your contribution cap is more than double theirs, and there’s a special withdrawal rule that only foreigners can use.

This guide covers how the scheme works for foreigners in 2026, including two things that are rarely explained properly: withholding tax, and what happens to the account if you leave Singapore.

(If you’re a Singapore Citizen or PR, read our main SRS guide instead.)

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You may have heard of the movie “Crazy Rich Asians”, which was set in Singapore. But how many people here are actually rich?

The exact amount of wealth needed to qualify as rich is subjective, but a million dollars remains the milestone most people picture. Singaporeans are in a good position to reach it. Incomes are high, there’s no capital gains tax, and being a financial hub gives residents access to a wide range of financial products and services.

So how many millionaires (and billionaires) call Singapore home in 2026?

Let’s find out.

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If your income stopped tomorrow, how long could your family keep up with the mortgage, the school fees, and the everyday bills?

For most households in Singapore, the honest answer is measured in months, not years.

The Life Insurance Association’s latest Protection Gap Study found that working adults here face a S$373 billion mortality protection gap and a S$579 billion critical illness protection gap, as of 2022. In percentage terms, 21% of what families would need after a death, and 74% of what they’d need after a critical illness, simply isn’t there.

This guide walks through the planning process in order: what you already have through national schemes, where that cover falls short, what closes each gap, how much you actually need, and what to buy first.

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Most people don’t really have a financial plan. They have a stack of decisions made at different times and for different reasons: a policy taken up years ago, savings sitting in one place, an investment in another, a few things they always meant to sort out. Each one made sense on its own. Side by side, they don’t add up to a system.

Where do you start? And what should you focus on first?

I set out to condense the core areas that actually matter and organise them into a single order you can work through, one that’s simple to follow without skimming over the detail.

The result is what I call the wedding cake strategy: my own take on how to bring your finances into one system and improve them, starting today.

This topic is wide, so throughout the article I’ll link to related subtopics if you’d like to go deeper on any of them.

Note: this content should not be taken as formal financial advice.

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Despite being a small country, Singapore is fortunate to have achieved great economic progress over the years. In general, most Singaporeans have higher incomes and greater wealth now than ever before, partly thanks to the availability of personal finance products that help them save and invest more effectively.

But, does that mean that everyone has benefitted from the country’s success?

In most developed countries, including Singapore, the gap between the rich and the poor is prevalent.

Are the rich getting richer? Are the poor getting poorer?

In today’s article, we’ll look at some statistics that show the degree of income and wealth inequality in Singapore.

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You may have heard that Singapore is run like a company, and a successful one at that.

Since independence in 1965, its economy has grown many times over, and today it is one of the richest countries in the world. The government and its people have grown wealthier along the way.

But how rich is Singapore, really? Are Singaporeans themselves rich, or just the country? And how did a tiny island with no natural resources get here?

Let’s look at the latest numbers, and the seven reasons behind it.

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Have you been spending more or less during the COVID-19 pandemic?

Some Singaporeans mentioned they’ve been saving more, while some say they have been spending more.

We were curious to find out how the pandemic changed the landscape of consumer spending in Singapore.

In this article, we present the most updated findings, including interesting consumer spending statistics, habits, and patterns in Singapore.

Read on to find out more! 

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During the COVID-19 pandemic, Singapore drew on its past reserves several times. For an individual, that’s similar to selling off hard-earned savings or investments to get through a rough patch.

So how much does the country still have in the tank?

Rumour has it that Singapore’s reserves amount to more than S$1 trillion. Some estimates floating around the internet put it at more than double that.

Is any of it true? How much money does Singapore really have in 2026?

Let’s find out.

(Conversion rate used: US$1 to S$1.28, based on MAS’s published July 2026 figures.)

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How does your household’s net worth stack up against others in Singapore?

Your net worth is the clearest measure of your financial health. It adds up everything you own and subtracts what you owe, so it captures how much you have earned, saved, invested, and borrowed over the years.

Below we break down the key statistics using the latest available data: the Singapore government’s first official breakdown of household wealth, plus the newest global per-adult figures. If you want to work out your own number first, try our net worth calculator.

We update this article as new data is released.

All figures are in Singapore dollars unless otherwise stated.

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