UOB One Account Tax Saver Promotion

The tax payment rebate is 6% of the total personal income and/or property taxes deducted in a calendar month, subject to cap of S$10, S$25 or S$50 per month, based on minimum One Account monthly average balance (MAB) of S$30,000, S$75,000 and S$150,000 respectively.

Monthly average balance (MAB) is the summation of each day end balance for each month divided by the number of calendar days for that month.

If you hold a UOB Child Development Account (CDA), the tax payment rebate rate is 6.5%.

Yes, if you pay your individual property taxes via GIRO from your One Account.

No. This promotion only recognises IRAS tax payments from UOB One Account, and you must be the primary accountholder.

It is easy to switch your IRAS debiting account to One Account.  Visit IRAS myTax portal at iras.gov.sg > Payment (under Quick Links) > Select “Individual Income Tax” > Click “GIRO for Individual Income Tax”. To learn more, please visit IRAS website.

Your eligibility will be assessed monthly, and the rebate on qualifying tax payments will be credited into your One Account by the end of the next 2 calendar months.  For example, if you have met all qualifying conditions - including IRAS tax payment via GIRO in May 2025, your tax payment rebate will be credited by end of July 2025.

Subsequently, if you continue to pay your taxes via GIRO in June 2025 but did not meet other qualifying conditions (for example, you removed money lock by setting Locked Amount to $0), you will not qualify for tax payment rebate in the month of June 2025.

You may view your GIRO plan application details directly on IRAS myTax portal.

Yes, you may still participate in the promotion.

If you are currently not on a GIRO payment plan, you may start applying to pay your income tax via GIRO with UOB One Account through IRAS myTax Portal. Once you have received your Notice of Assessment and the GIRO plan kicks in, you will start enjoying the Tax Payment Rebate from the first GIRO deduction date until 31 March 2026.

If you are currently on a GIRO payment plan, you may also switch your deduction account to UOB One Account and start enjoying Tax Payment Rebate. Please keep sufficient funds in your existing payment account until the GIRO arrangement is successfully switched over to UOB One Account. You will enjoy the Tax Payment Rebate from the first GIRO deduction date in your UOB One Account until 31 March 2026.

Please note that GIRO payment plan application is subject to IRAS approval.

Please visit the following web pages for step-by-step guides.

1. Step by step guide to apply for eGIRO at IRAS myTax Portal
   Alternatively, you may visit IRAS myTax portal at iras.gov.sg > Payment (under Quick Links) > Select “Individual Income Tax” > Click “GIRO for Individual Income Tax”.
2. Money Lock
   You must set a minimum Lock Amount of $1 in any of your UOB accounts as the primary accountholder. Please do not lock all funds and leave sufficient withdrawable balance for GIRO transactions to be deducted.
3. PayNow
   You must register your mobile number for PayNow. If your mobile number is currently registered with another financial institution, please deregister your mobile number from PayNow first. PayNow NRIC registration is optional and does not count towards eligibility.
4. Child Development Account (“CDA”)
   If your CDA is with another financial institution, you may visit UOB Child Development Account page, navigate to the section of “Switch your child’s CDA to UOB”, and select “Switch to UOB”.

Log in into TMRW application and tap on “PayNow” icon. On the upper right hand corner, tap on the “Setup”. If you are already registered with UOB, you will see your UOB account linked to your mobile number.

Please deregister your mobile number from PayNow through the other bank’s internet banking or app (Other Services - Register PayNow or Payments & transfer - Manage PayNow under More tab). Once done, you may login to UOB TMRW app to complete the PayNow mobile registration with UOB. Please contact the other bank if you require further assistance to deregister PayNow.

Assuming you fulfil all other qualifying conditions, you are eligible for the Tax Payment Rebate. However, due to the monthly rebate cap, you will only be awarded a Tax Payment Rebate of up to $50 for the entire promotion period.

To get more out of this promotion, please set up monthly tax payments instead.

Please request the primary or main accountholder to perform the required banking activities (i.e. register mobile number for PayNow, setup of money lock) to meet the promotion eligibility criteria. Your tax payments deducted from the joint name One Account will be eligible for the Tax Payment Rebate.

If your CDA(s) is with other providers, and you successfully switch your CDA to UOB during the Promotion Period, you will be eligible for 6.5% Accelerated Tax Payment Rebate from the month of successful switch to UOB.

Log into UOB Personal Internet Banking to see your account summary. Simply select the account you would like to check, and the last 3 months’ “Monthly Average Balance” will be displayed on the top white panel.