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
10 Comments
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Based on Singapore statistic, there was a total of
3.357 million people employed last year.
http://stats.mom.gov.sg/Pages/Employment-Summary-Table.aspx
does it mean we have 2 million workers below S$20k ?
Does this compare household income or personal income?
lazyplane, your question doesn’t make any sense. S$20K is at zero percentile.
go read iras paper. how many people are in the part of their group. then compare with mom paper of employed personnel.
where are the missing employed people ? the only logical
assessment is that they r not tax resident here or below 20k
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Compare this
http://singaporenewsalternative.blogspot.sg/2014/02/video-singapores-hidden-poverty-problem_20.html?m=1
lazyplane: 2 million includes foreign workers, we don’t have that many working residents