Incomeat Salary.sg – Your Salary in Singapore |
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$52,350 is the median income of all resident taxpayers for YA2008, which I calculated based on the numbers in IRAS annual reports.
You can use this income comparison tool to see which percentile you belong to.
However, the main objective of this article is to show how much the median income has grown over the years, as [...]
It’s common knowledge that there is a salary ceiling of $4,500 for both employer and employee CPF contributions.
If you earn more than $4,500, you only need to contribute $900 (=20% x $4,500) to your CPF.
Even if you make $20k a month, you still contribute $900. Your employer contributes $652.50 (=14.5% x $4,500). The rates [...]
9.2% of resident taxpayers made $100k to $150k in YA2008, up from 7.8% in YA2004. The increase has been gradual and consistent through the years.
In fact, all income tax brackets above the $80k mark saw a similar increase.
In contrast, it was a decreasing trend for the lower income brackets between the $25k and $50k levels.
These [...]
You ask, “What’s my pay increment for 2010?” Mercer says you can expect 3.2% pay rise next year.
The HR consultancy based its projection on a recent survey of 262 companies across 11 industries.
Mercer predicts that pharmaceutical companies will give out the highest increments at 4.1%. In comparison, banking and finance employees will only get 3.1% [...]
If you are a car owner, does your pay match your car ownership status? If you don’t have a car, how do you know whether you can afford one? In this article, Salary.sg proposes using $7,650 as an income guideline for car ownership in Singapore.
We all know that owning a car in Singapore is a luxury. [...]
Many people often wonder if they can afford to stay in private housing. There are various ways to find the answer. You can ask a bank, calculate your debt ratios, use our 7.6x guideline, or compare your income with the average income of your desired housing type – which is the main topic of this [...]
Read the full article at Does Your Income Match Your Housing Type?This year, civil servants will get the usual AWS and a one-off payment of 0.25 month capped at $750.
This means that a civil servant earning a monthly salary of $3k will get 1.25 months of bonus worth $3,750, whereas another civil servant earning $10k a month will only get 1.075 months or $10,750.
Whose bonus would [...]
About 41% of Salary.sg readers make more than $100k per annum. This is according to our poll which garnered more than 800 responses.
Out of this group of high earners, about two-thirds work in multinationals (or MNCs).
As for those who work in government-linked companies (GLCs), slightly more than one-third make more than $100k. Contrast this with [...]
While some doctors and administrators are having a friendly debate, I would like to bring your attention to another interesting discussion.
A reader by the name “wonder” claims that his friends in GLCs earn double of what MNC employees earn.
I’m a little sceptical, so let’s do an unscientific poll.
Let’s compare the ratio of high earners in [...]
The most accurate (arguably) income comparison tool on the island has been updated.
Once again, we take the data points from the latest Iras Annual Report 2008/2009 and produce the following tool that stack you up against all resident taxpayers.
In our view, the data from the Inland Revenue Authority of Singapore is much more comprehensive than [...]
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