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KILDE will withhold the applicable tax from your interest payments at the appropriate rate and remit it directly to the Inland Revenue Authority of Singapore (IRAS) on your behalf.

1. Primary account holder onboards first as an Accredited Investor
   
2. Once the account is active, contact the Kilde team ([email protected]) to request a conversion to a joint account
   
3. Provide details of your joint account holder
   
4. Kilde will send a separate KYC link to your joint account holder for identity verification. He/she must also sign an Accredited Investor (AI) opt‑in consent form
   
5. After verification, the joint account holder’s name will be added to the account title (e.g., “John Tan/Mary Tan”), but the login remains tied to the primary holder’s email and two-factor authentication
6. Kilde will confirm once the joint account designation is completed

The withholding tax rate varies depending on factors such as the recipient's country of residence and the existence of a tax treaty between Singapore and that country. You can refer to those rates here ↗.

Yes. Your joint account holder can place investments through the joint account once they have:

• Completed KYC (identity verification), and
• Agreed to be treated as an Accredited Investor (AI) for that joint account (AI opt-in)

If the joint account holder does not opt in as an AI, the joint account will be classified as a retail investment account, and access will be limited for Accredited Investor products.

Withholding tax will apply if:

1. The issuer of the debenture is based in Singapore, or
2. The debenture is issued from a Singapore-based Special Purpose Vehicle (SPV)

For deals where the issuer is not based in Singapore and the debenture is not issued from a Singapore-based SPV, withholding tax will not apply.

• Only the primary accredited investor has login credentials and two-factor identification access
• The joint account holder cannot have a separate login at this stage
• If the primary account holder cannot manage the account, the joint account holder’s legal connection is already recognised, and they may request access

For detailed guidance on the tax treatment of interest income for individuals in Singapore, please refer to the Inland Revenue Authority of Singapore (IRAS) webpage titled "Interest." This resource provides comprehensive information on taxable and non-taxable interest, including examples and reporting requirements.

You can access this guidance directly here ↗.

Please note that while this page offers valuable insights, it may not explicitly reference Section 13(1)(zh) of the Income Tax Act. For specific legal provisions, consulting the Income Tax Act or seeking professional tax advice is recommended.

• Allow a spouse, partner, or family member to be formally recognised as co-owner of investments
• To support inheritance and estate planning by linking both names to the account