This is our latest 2013 version of the most popular income benchmarking tool on Salary.sg. It uses the latest data from IRAS, fresh from their just-released Annual Report 2012/2013.
To benchmark / compare your annual income – including all commissions, bonuses, part-time salaries – simply enter your IRAS assessable income below and see how well you stack up against all resident taxpayers in Singapore:
A $100k per-annum income will now place you at the 78.2th percentile, compared to 79.3th in the previous version of this tool (which uses last year’s IRAS data). This is a drop of almost 1 percentile.
Last year’s median income was $52,300. This year, it is $53,000.
If you make more than $91,500, you are in the top quartile (i.e. top 25%) of all resident taxpayers.
To be among the top 10% earners, you need an annual income of $171,000 or more.
To be at the 95th percentile (i.e. top 5%), you need to make at least $265,000 a year.
As usual, do note that residents earning $20k and below do not pay tax. Hence they are not included in the above comparison.
Reference: IRAS Annual Report 2012/2013