Income

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Archive for the 'Income' Category

HK civil service salary hike

Thursday, May 24th, 2007

Sometimes when we look at other countries, we can’t help but appreciate (or wonder in awe) how efficient our government implement things, such as salary hikes for political appointments and civil servants. Look at Hong Kong. As reported in today’s Business Times, their proposal to increase civil service salaries has drawn “fire and ire”. Hong [...]


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IT Salary Benchmarks

Thursday, May 24th, 2007

As we brace ourselves for an IT job boom, here’s a ZDNet Asia report on IT employment trends in the region. According to the report, the top 5 skills in demand are: Project management Business analysis Microsoft .NET J2EE (Java Enterprise Edition) General programming skill Not surprisingly, the top industry is Legal & Finance, with [...]


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IT jobs

Tuesday, May 22nd, 2007

The ST Digital Life reports that a whopping 55,000 IT jobs are up for grabs from now till 2015. This is the projection of Infocomm Development Authority (IDA), which is currently seeking public consultation on its IT manpower development strategies as part of its iNtelligent Nation 2015 (iN2015) masterplan. IDA also maintains a talent development [...]

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Higher starting pay for civil servants

Tuesday, May 22nd, 2007

The Public Service Division has announced hikes in the monthly starting salaries of fresh graduates employed under its civil service schemes. The announcement is made in a press released dated yesterday and reported in the media today. I took a look at the press release. The biggest increase is found in the engineering profession scheme [...]

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Mid-career switch to banking and finance?

Sunday, May 20th, 2007

Are you considering a mid-career switch to the lucrative finance sector? Thinking of becoming a private banker, or work as a financial analyst crunching numbers in an investment bank? Hoping for more money and big bonuses coming your way? Are you an engineer thinking of doing some finance courses (CFA, MFE, CMFAS, IFPAS, etc.)? Think [...]

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Income tax calculator

Saturday, May 19th, 2007

[Update: the 2009 version of this post is here: Income Tax Calculator 2009.] [Update: the 2008 version of this post is here: Income Tax Calculator 2008.] We have all filed our tax returns. But we’re not sure how much tax we’ll be paying. Here’s an income tax calculator for this year (YA2007). Just enter your [...]

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NTU graduates starting pay

Friday, May 18th, 2007

NTU has finally released the results of its graduate employment survey. The average fresh NTU graduate makes $2,700 a month. Channelnewsasia.com says this is higher than both NUS and SMU, but I recall that SMU’s figure is $2,850. See post on SMU graduates starting pay. As for students who studied under the NTU Global Immersion [...]

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Secret of Singapore’s success

Wednesday, May 16th, 2007

According to Song Eui-dal, a correspondent for South Korea’s leading daily Chosun Ilbo, Singapore’s success is attributed to top officials being paid well. Yes, yet another compliment from yet another source. Song’s article is published in the Business Times today. “The top 20% of assistant division chief level officials who have worked in their positions [...]

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Singaporeans “positive” about retirement

Tuesday, May 15th, 2007

It seems that Business Times is trying to reverse the negativity of its report on retirement funds gap yesterday. Today, it reported on the findings of yet another retirement-related survey, this time by AXA Group. The AXA Retirement Scope 2007 survey found that Signaporeans are 2nd in terms of monthly savings for retirement ($824), among [...]

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Income tax child relief

Saturday, May 12th, 2007

Continuing on the topic of government incentives for having children, IRAS also has certain incentives in the form of child reliefs. The Qualifying Child Relief (QCR) is at $2,000 per child, up to your 4th child. The way a tax relief works is that it is used to offset your assessable income. That is, the [...]

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