Income Documents
Launching April 2022
Developer hotline
North Gaia EC Income Documents to Submit
Employed Person
Documents to Submit
3 months’ payslips preceding the month of application
Or
Letter from employer certifying salaries for 3 months preceding the month of application; the letter must contain the:
- Company stamp/ letterhead
- Certifying officer’s name, signature, and designation
Note: If your income includes allowances, we will require 6 months’ payslips preceding the month of application.
Notes
Assessment is based on the average gross monthly income, which:
- Excludes bonuses and income earned from ad hoc overtime work
- Includes allowances (fixed/ variable) received on a regular basis (e.g. allowances for food, transport, laundry, uniform, etc.)
- If you are employed full-time but on no-pay leave for less than 6 months, we will consider you as employed and use your last drawn pay for assessment. If you are on no-pay leave for 6 months or more, your income will not be considered in the assessment.
- Notice of Assessment (NOA) from the Inland Revenue Authority of Singapore (IRAS) will not be accepted
Self Employed Person
Documents to Submit
- Latest NOA from IRAS or Statement of Annual Accounts certified by an audit firm
- Valid Accounting and Corporate Regulatory Authority (ACRA) Computer Information (Business Profile) or valid licence of trade
- Undertaking affirming the average gross monthly income for 6 months preceding the month of application
Notes
Assessment is based on the average gross monthly income
Part-Time Worker
Documents to Submit
6 months’ payslips preceding the month of application
Or
Letter from employer certifying salaries for 6 months preceding the month of application; the letter must contain the:
- Company stamp/ letterhead
- Certifying officer’s name, signature, and designation
Notes
Assessment is based on the average gross monthly income
Commission Based Person
Documents to Submit
6 months’ commission statements/payslips preceding the month of application
Or
Letter from employer certifying salaries for 6 months preceding the month of application; the letter must contain the:
- Company stamp/ letterhead
- Certifying officer’s name, signature, and designation
Notes
Assessment is based on the average gross monthly income
Odd-Job Worker
Documents to Submit
Latest NOA from IRAS
Or
Letter from employer certifying salaries for 6 months preceding the month of application; the letter must contain the:
- Company stamp/ letterhead
- Certifying officer’s name, signature, and designation
Notes
Assessment is based on the average gross monthly income
Odd-Job Worker
Documents to Submit
Latest NOA from IRAS
Or
Letter from employer certifying salaries for 6 months preceding the month of application; the letter must contain the:
- Company stamp/ letterhead
- Certifying officer’s name, signature, and designation
Notes
Assessment is based on the average gross monthly income
Unemployed Person
Documents to Submit
Undertaking affirming the unemployment status
Or
- Valid Student Pass or letter from school/ college/ institute of learning to confirm student status, if currently a full-time student
- If unemployed for less than 3 months, the following documents are required:
- Income proof for the preceding month(s) from the previous employer stating gross monthly income and last day of service
- Latest 15 months’ CPF contribution history
Income/ allowance that will be considered for income assessment
- Allowances (fixed/ variable) received on a regular basis (e.g. allowances for food, transport, laundry, uniform, etc.)
- Sustenance allowance
- Stipend
Income/ allowance that will not be considered for income assessment
- Alimony allowance
- Bonuses
- Director’s fee
- Income from ad hoc overtime work
- Interest from deposit accounts
- National Service Allowance
- Rental income
- Scholarship overseas allowance
- Overseas cost of living allowance
- Pension