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Archive for November, 2008

Managers and Professionals – are your Salaries above the Median?

Friday, November 28th, 2008

The ever pertinent question: What is the median salary of working Singaporeans? Based on info in the just released Singapore Workforce, 2008 report from the Manpower Ministry, the median gross monthly income of full-time employed residents is $2,590. Not very high. But it’s already an 11% increase from last year, according to the MOM report. [...]


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Posted in Income | 27 Comments »

Civil Service Bonus 2008, and pay cut for ministers

Monday, November 24th, 2008

Civil servants will receive a total bonus of 2 months this year, inclusive of the 13th month bonus. This is 1 month less than last year’s bonus. As they have already received half a month’s bonus at mid-year, they will receive the 13th month annual wage supplement (AWS) and a further half month’s bonus at [...]


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Posted in Income | 16 Comments »

Is your Net Wealth 300k?

Sunday, November 23rd, 2008

The average household has a net wealth of $710,400, says an interesting article in New Paper on Sunday. “Total Assets: $859,970 Currency & Deposits $157,930 Shares & Securities $120,360 Life Insurance Equity $76,820 CPF/Pension Funds $119,930 Residential Property $384,920 Total Liabilities: $149,570 Mortgage Loans $110,390 Personal Loans $39,180 Net Wealth: $710,400“ But that figure applies [...]

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Posted in Investment, Net Worth, Retirement | 12 Comments »

Margin Call on your Housing Loan

Tuesday, November 11th, 2008

As the economic crisis worsens, here’s a note of caution to those who have taken a non-HDB property loan, or intend to take up one: Your friendly bank may invoke a margin call on your property loan. If your property is worth less than what you still owe the bank, you may be asked to [...]

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Posted in Investment, Other Money Matters | 11 Comments »

Compare your annual salary (2008)

Sunday, November 2nd, 2008

Based on figures in the latest Iras 2007/2008 annual report, I have updated the popular Salary.sg income comparison tool (see previous version). Simply enter your annual salary for YA2008 and see how you rank against all resident taxpayers in Singapore: The following is the graph for both YA2008 data (red) and YA2007 data (blue). It [...]

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Posted in Income | 200 Comments »



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