The 2006 Masters (officially the 2006 SAGA Insurance Masters) was a professional non-ranking snooker tournament that took place from 15 to 22 January 2006 at the Wembley Conference Centre in London, England.

John Higgins won his 2nd Masters title by defeating defending champion Ronnie O'Sullivan 10–9 in a reverse of last year's final.

Places were allocated to the leading players in the world rankings.

Stuart Bingham and Ian McCulloch were making their debuts in the Masters.

In the preliminary "wild-card round", the two wild-card players were drawn against the players seeded 15th and 16th:[2][3][4][5][6] [2][3][4][5][6] The 2005 Masters Qualifying Event was held between 20 and 23 November 2005 at Pontin's in Prestatyn, Wales.