SSOC 2024 unit
Construction & Real Estate Verified · 21 Mar 202442131
Pawnbroker
Pawnbroker offers loans to clients by securing them with personal objects or items. He/she assesses the personal items given in exchange for the loan, determines their value and amount of loan available. He/she also keeps track of inventory assets.
Level
unit
Mapped ISCO
1
Source
SingStat
Official data
| Official name | Singapore Standard Industrial Classification (SSOC 2024) |
| Issuing authority | Department of Statistics Singapore (SingStat / DOS) |
| Tax authority | Inland Revenue Authority of Singapore (IRAS) (IRAS) |
| Purpose | Classifies occupations in Singapore for labour statistics, workforce planning, and international reporting. |
| Active version | SSOC 2024 (21 Mar 2024) |
| Hierarchy level | Unit (final leaf, 5-digit) |
| Source | https://www.singstat.gov.sg/standards/standards-and-classifications/ssic |
| Prior versions | SSIC 2020, SSIC 2015 |
Definition
Pawnbroker offers loans to clients by securing them with personal objects or items. He/she assesses the personal items given in exchange for the loan, determines their value and amount of loan available. He/she also keeps track of inventory assets.
Tasks
No tasks listed.
Examples
Under this unit
• Pawn shop operator
Elsewhere
No exclusion examples found.
When you need this code
Job classification
Employers use SSOC for workforce reporting and MOM surveys.
Labour statistics
SingStat collects occupation data for labour force reports.
Immigration
Work pass applications may reference SSOC for skills evaluation.
International reporting
Maps to ISCO-08 for ILOSTAT and cross-country comparisons.
Hierarchy
Correspondence tables
SSOC 2020
- 42131 — Pawnbroker
ISCO-08
- 4213 — Pawnbrokers and money-lenders
Compliance risk score
Compliance risk score
Low friction
5 of 6 factors low-risk
- ✅ Verified source ≤90d
- ✅ ISIC mapping available
- ✅ SSIC 2020 migration mapped
- ✅ Full hierarchy chain
- ✅ GST registration applicable
- ⚠️ BCA registered?
Step-by-step guide
1. Confirm occupation
Pawnbroker offers loans to clients by securing them with personal objects or items. He/she assesses the personal items given in exchange for the loan, determines their value and amount of loan available. He/she also keeps track of inventory assets.
2. Check classification
Verify this SSOC unit matches the actual job scope and tasks performed by the worker.
3. Report via employer
Employers report SSOC codes in MOM surveys and workforce statistics submissions.
4. Stay updated
SSOC revisions occur periodically. Check SingStat for the current version before classification projects.
Applicable taxes & forms
Personal income tax
Rate: Progressive 0% – 24% progressive
Employers file IR8A for employees. Self-employed file Form B/B1 via myTax Portal annually.
CPF contributions
Employer contributions apply for Singaporean / PR employees. Self-employed contribute to MediSave.
Applicable filings
Form C
myTax Portal · Annual (by 30 Nov for paper, 15 Dec e-file)
Full corporate income tax return for companies. Requires audited/unaudited financial statements.
Form C-S
myTax Portal · Annual (by 15 Dec)
Simplified return for companies with revenue ≤ SGD 5M and deriving income taxed at prevailing corporate rate.
Form C-S (Lite)
myTax Portal · Annual (by 15 Dec)
Simplest return for companies with revenue ≤ SGD 200K.
Form F5
myTax Portal · Quarterly
GST return. GST-registered businesses must file within 1 month of quarter end.
Estimated Chargeable Income (ECI)
myTax Portal · Within 3 months of FYE
Compulsory for all companies. IRAS issues Notice of Assessment based on ECI.
BCA CRS Registration
BCA · 3-year renewal
BCA Contractors Registry System registration and renewal.
Related professions
Interior design & fit-out contractor
Specialises in office, retail, and residential interior works.
Typically needs
BCA minor works registration, URA planning permission for change of use.
M&E (Mechanical & Electrical) subcontractor
Installs HVAC, plumbing, fire protection, and electrical systems.
Typically needs
EMA electrical worker licence, SCDF fire protection licence.
Demolition contractor
Carries out controlled demolition of structures.
Typically needs
BCA demolition permit, NEA noise and dust management plan.
Construction safety officer
Ensures site compliance with Workplace Safety and Health regulations.
Typically needs
MOM WSH Officer registration, bizSAFE Level 4+.
Project manager (construction)
Coordinates project timeline, budget, and stakeholder communications.
Typically needs
BCA Construction Project Manager accreditation.
Related codes
Major group
4 CLERICAL SUPPORT WORKERSSub-major
42 CUSTOMER SERVICES OFFICERS AND CLERKSMinor group
421 TELLERS, MONEY COLLECTORS AND RELATED CLERKSUnit group
4213 Pawnbrokers and MoneylendersAlphabetical index entries
Frequently asked questions
About this SSOC unit and the Construction & Real Estate occupational cluster
What environmental impact obligations apply?
Construction sites must comply with NEA regulations on noise, dust, and waste management. Environmental impact assessments may be required for large-scale projects.
Do I need BCA registration or licensing?
Builders, specialist contractors, and construction-related firms must register with the Building and Construction Authority (BCA) under the BCA Contractors Registry System or relevant licensing scheme.
What workplace safety requirements apply?
The Workplace Safety and Health (WSH) Act requires risk assessments, safety management systems, and specific permits for high-risk construction work. MOM enforces compliance.
Are there minimum financial requirements?
BCA registration grades (A1 to C3) have minimum paid-up capital and net worth requirements. Higher-value projects require a higher registration grade.
What is SSIC and why does it matter?
The Singapore Standard Industrial Classification (SSIC) is the national system for categorising business activities. It is mandatory at ACRA registration and is used by IRAS, MOM, and other government agencies for tax, licensing, statistical, and policy purposes.
Do I need to register with this SSIC code?
Every business entity registered with ACRA must select at least one SSIC code that best describes its principal economic activity. You can declare up to two codes — one primary and one secondary — via BizFile+.
Official sources
What to do next
Data source: Department of Statistics Singapore (SingStat / DOS) (https://www.singstat.gov.sg/standards/standards-and-classifications/ssic). Occupation data mirrored from SSOC 2024 workbooks. Not the authoritative source.
Last refresh: 21 Mar 2024. Version: SSOC 2024.