Compare Your Income
October 29th, 2007
I have updated the very popular Salary.sg income comparison calculator.
The previous version of this calculator uses data from Iras 2005/2006 Annual Report.
Now that Iras has released its 2006/2007 Annual Report, it is time that I refresh my little tool.
With this tool, you can see how you stack up against the competition in YA2007. By “competition”, I mean resident taxpayers, i.e. you are comparing yourself with other Singapore residents who pay taxes.
The data that I used are found in Appendix 5 in the Iras report.
Here’s the tool. Just enter your annual income and click the Submit Query button to compare your income with fellow resident taxpayers.
Interestingly, an income of $100k places the taxpayer at the 82.2th percentile this year, whereas the same income places him at the 83.1th percentile. What gives? Are there more people making indescribable amounts of money?
Income Percentile | Salary.sg - Your Salary in Singapore Says:
October 30th, 2007 at 12:07 am
[...] [Update 30 Oct, 2007: the YA2007 version of the calculator.] [...]
Mrs. Roslan Says:
October 30th, 2007 at 4:16 pm
I’m 47, have been working in the same company for the past 28 years. I’m incharge of accounts (manual and computerized), admin, sales, tenants, banking etc…I’m now alone doing the above mentioned works for the 10 years. What is my salary suppose to be?. My boss is not from singapore.
Tks.
admin Says:
October 30th, 2007 at 10:06 pm
Mrs Roslan, I wish I could help, but I really can’t gauge what your salary is supposed to be.
In the 28 years, have you tried interviewing for other jobs? That would have given you an idea of what the market is willing to pay for the skills and experience you have.
Income Benchmarks | Salary.sg - Your Salary in Singapore Says:
October 31st, 2007 at 11:46 pm
[...] at Salary.sg – Your Salary in Singapore « Compare Your Income [...]
Strong Employment Growth | Salary.sg - Your Salary in Singapore Says:
November 4th, 2007 at 11:39 pm
[...] to the latest Iras report for YA2006, only 745,071 residents made $20,001 and above (see my post on comparing income). And not all of them are workers – you can still be a taxpayer if you are a landlord collecting [...]
Compare Income (part 2) | Salary.sg - Your Salary in Singapore Says:
November 9th, 2007 at 1:12 am
[...] You can consider this as the “feel good” version of our salary comparison calculator. [...]
More Pay and Bonuses for Teachers | Salary.sg - Your Salary in Singapore Says:
December 28th, 2007 at 8:38 pm
[...] $218k/yr, you make more money than ~95% of resident taxpayers. Use this benchmarking tool to [...]
Are You Paid Well Enough? (And Why Millionaire Next Door Sucks) « The Curious Schemer Says:
February 14th, 2008 at 2:12 pm
[...] Compare your income against all Singapore resident taxpayers. This one tells you how well you’re doing compared to other taxpayers in Singapore. For instance, if you’re making 100k/year, you are at the 83.1th percentile. Which should either make you feel good, or, if you’re like me, make you think that that means you’re at the bottom of the top 20%. Ha! (They also have a “feel good” version, which includes the non tax-paying residents as well here, but I think it’s rather pointless. If you are in the taxable group, why do you need to make yourself feel better by comparing yourself against those in the non-taxable group? It’s like you’re a slow runner, and instead of working out and finding out how to run faster, you make yourself feel better by the fact that a guy who doesn’t have legs can’t run faster than you.) [...]
Compare your annual salary (2008) | Salary.sg - Your Salary in Singapore Says:
November 2nd, 2008 at 3:02 pm
[...] Iras 2007/2008 annual report, I have updated the popular Salary.sg income comparison tool (see previous [...]