We have once again updated our most popular income comparison tool on Salary.sg.
This is the latest 2018 version of our Compare Annual Income tool. It uses the latest statistical data from IRAS’s recently released Annual Report for 2017/2018.
To benchmark/compare your annual income – including all salaries, commissions, bonuses, part-time remuneration, director’s fees, rental income – simply enter your IRAS assessable income below and see how well you stack up against all resident taxpayers in Singapore:
If you make $100k yearly, you are at the 76.6th percentile. This is 0.3% lower than last year (using an older version of this tool). See the previous version of our Compare Annual Income tool 2017.
To be in the top 10%, you need an annual income of $178k. Previously, the figure was $1k lower at $177k.
If you aspire to be in the top 5%, your annual income has to be $270k, same as before.
As usual, please note that residents earning $20k and below do not pay tax. Hence they are not included in the above comparison.
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Reference: IRAS Annual Report 2017/18 and Tax Statistics