Tax Treatment of Investment Income from Deposits

Tax Treatment of Investment Income from Deposits

We share information on the tax treatment of investment income from deposits in Singapore today.

Basically, the question today is "Do you have to pay tax on investment income from savings deposit, fixed eposits, bond investments, Singapore savings bonds and other similar fixed investments in Singapore?

Singapore Savings Account Rates blogspot dot com is the online presence that shares the best, the latest and the most up-to-date 2016 Singapore savings account rates and savings bond rates in Singapore.

Singapore Savings Account Rates helps you to earn cash from savings accounts, savings bonds and other financial investments in Singapore.

2016 Singapore savings accounts rates are quoted for personal use only. Always check interest rates with the respective banks and/or fixed income investment companies before you invest your money.

Tax Treatment of Investment Income from Deposits:

The interest received from deposits with approved banks or licensed finance companies in Singapore is not taxable.

Interest from debt securities (e.g. bonds) is also not taxable unless it is derived from:

a. A partnership in Singapore; or
b. From the carrying on of a trade in debt securities.

Go to IRAS website for more details.

Thanks for reading Singapore Savings Account Rates.

The Team

Singapore Savings Account Rates.

2% Interest From Savings Account

2% Interest From Savings Account

Which Singapore savings account offers 2% per annum interest on money kept in a savings account in Singapore?

Singapore Savings Account Rates blogspot dot com is the online presence that shares the best, the latest and the most up-to-date 2016 Singapore savings account rates and savings bond rates in Singapore.

Singapore Savings Account Rates helps you to earn cash from savings accounts, savings bonds and other financial investments in Singapore.

2016 Singapore savings accounts rates are quoted for personal use only. Always check interest rates with the respective banks and/or fixed income investment companies before you invest your money.

2% Interest From Savings Account
on Citibank MaxiGain Savings Account:

Earn Base Interest:
80% of the 1-month Singapore Dollar Interbank Offer Rate (1-month SIBOR)
= 0.8% p.a.

Earn Bonus Interest:
Bonus interest rate that steps up each month
Starting from 0.1% p.a. to a maximum of 1.2% p.a.

Total = 2.0 % p.a.

Eligibility:
Minimum initial deposit of S$10,000 from account opening.

2016 savings account interest rates are subject to change without prior notice at discretion of the bank or fixed income investment company.

You should perform your own due diligence to assess the suitability of these financial products for your personal financial circumstance. Consult professional financial advisors and understand your own risk / reward appetite. Knowledge and understanding of the financial product features and risks are critical as well.

Thanks for reading Singapore Savings Account Rates.

The Team

Singapore Savings Account Rates.

State Bank of India Singapore Basic Savings Account

State Bank of India Singapore Basic Savings Account

Singapore Savings Account Rates blogspot dot com is the online presence where we share the best, the latest and the most up-to-date 2016 Singapore savings account rates and savings bond rates in Singapore.

Team members at Singapore Savings Account Rates are motivated to help you earn more interest income from savings accounts, savings bonds and other fixed income investments in 2016.

2016 Singapore savings accounts rates are quoted for personal use only. Always check interest rates with the respective banks and/or fixed income investment companies before you invest your money.

State Bank of India Singapore Basic Savings Account :

Balance Tier (SGD) | Interest Rate (p.a.)

0 – 2,999.99 =0.15%

3,000 & Above =0.20%

2016 savings account interest rates are subject to change without prior notice at discretion of the bank or fixed income investment company in 2016. You need to perform your own due diligence to assess the suitability of these financial products for your personal financial circumstance.

Thanks for reading Singapore Savings Account Rates, to stay in touch with the latest, the best and the highest savings account interest rates updates in Singapore in 2016.

The Team

Singapore Savings Account Rates.