|Assessable Income (AI)
||Your AI includes all forms of income from trade, business,
profession or vocation, employment, as well as rental income that
Your AI can be found on your tax bill (or Notice of Assessment)
that you receive from IRAS each year if you are required to pay taxes.
You may visit iras.gov.sg [log in to myTax Portal using your
Singpass > Notices/Letters > Individual, select Year of Assessment] to view your Notice of Assessment.
|Annual Value (AV)
||The AV is the estimated gross annual rent of the property if it were to be rented out. It is used to calculate the property tax of your
home. The AV can be found on the property tax bill that the
property owner receives from IRAS each year.
To find out your exact AV, you may refer to your property tax bill at iras.gov.sg [log in to myTax Portal using your
Singpass > Notices/Letters > Property, select the property address]
to check the AV of your residence.
||Those who hold foreign citizenship will not be eligible for the AP Seniors’ Bonus, regardless of whether they simultaneously hold Singapore citizenship. Please approach the Immigration and Checkpoints Authority (ICA) on issues relating to your citizenship.