Here’s the 2021 edition of our most popular income comparison tool on Salary.sg.
This is the latest version of our Compare Annual Income tool. It uses the latest statistical data from IRAS’s recently released Annual Report for FY2020/21, the most trusted data on income.
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 74.4th percentile. This is 8% lower than in 2019, which was 82.6th percentile (using an older version of this tool). See the previous version of our Compare Annual Income tool 2019.
To be in the top 10%, you need an annual income of $186k. It was $149k previously!
If you aspire to be in the top 5%, your annual income has to be $278k. It was $241k previously!
As usual, please note that residents earning $20k and below do not pay income tax. Hence they are not included in the above comparison.
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Reference: IRAS Annual Report