Incomeat Salary.sg – Your Salary in Singapore |
Civil servants are set to receive a bonus of half a month and a cash quantum of $300 in July. This is considered good news, compared to just 6 months ago when public servants received a pittance as year end bonus. The Public Service Division explained that the Singapore economy, which grew by 15.5% in [...]
According to this Bloomberg news article, a Singapore-based senior risk manager with a foreign bank earns between $300k and $400k annually. “Aldabe’s agreed annual salary was $220,000, an additional target bonus of $170,000 and $30,000 in restricted shares. On Nov. 6, 2008, Standard Chartered informed Aldabe that his annual wage was S$323,400, based on an [...]
If you think property prices are too high, you are not alone. The URA indexes for rest of central region and outside central region are at an all-time high. According to the new NUS Singapore Residential Price Index (SRPI), its index for non-central region has also surpassed way beyond the 2007 peak. A little advice [...]
Read the full article at Property Prices Are Too HighThe latest graduate employment survey reports are out. The 2009 batch of graduates from NUS, NTU and SMU were asked about their starting pay and whether they were employed on a permanent basis. The highest starting salaries come from the 4-year Information Systems Management programme at Singapore Management University. Those who graduated from this course [...]
Read the full article at Graduate Employment Survey 2009 (published 2010)Do you know that Singapore uses a progressive tax system? The tax rate increases as the chargeable amount increases. (See IRAS tax rates.) A person with a chargeable income of $100k is taxed $7,100 or 7.1%. But if the chargeable amount was $300k he has to pay $39,300 in taxes or 13.1%. Fair? Here’s the [...]
Read the full article at Income Tax Singapore YA2010$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 [...]
Read the full article at Do You Earn More Than $52,350 The Median Annual Income?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 [...]
Read the full article at CPF Bonus Contribution Cap9.2% 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 [...]
Read the full article at More Tax Residents In Higher Income Brackets (see graph)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 [...]
Read the full article at What’s My Pay IncrementIf 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 [...]
Read the full article at Car Owners: Do You Make More Than $7,650?
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