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Anonymous

24 Nov 2021

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Is the income ceiling for BTO the total of both spouses salary every month, or is it inclusive of bonuses etc?

Hi everyone, Im 31F. Was thinking to apply for a BTO in 2 years time but noted that the income ceiling is $14K.

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Ohmyhome

24 Nov 2021

Hey there, anon! Yes. The income ceiling is the combined gross salary of the household. And according to HDB, bonuses will not be considered for the income assessment. You can check it here: https://www.hdb.gov.sg/cs/infoweb/residential/b...

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Justin Kieran Ong

24 Nov 2021

If I'm not wrong, it is the total last 12 months of income of both spouce divided by 12.

So if you receive AWS or any variable bonus, it will affect your monthly income.

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