For employees, your gross rate of pay and employer CPF contributions from employment in Singapore, over the 12 months preceding the birth of your child can be included for GPMB computations. It includes commission-based income but excludes bonuses and Directors’ fees (with effect from 1 Jan 2021). For local employees earning above $500 a month, there should be a corresponding CPF contribution for the income earned.
For self-employed persons, your net trade income, over the 12 months preceding the birth of your child, can be used for GPMB computations.
Both trade income and income from employment can be combined for GPMB computations.
* Excludes overtime payments, bonus payments, annual wage supplements, special expenses incurred by the employee in the course of the employee’s employment, productivity incentive payments and travelling, food or housing allowances.