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May 01, 2007
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$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 years, as ...
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 rates ...
If you have been working for some years, you should have a rather significant amount of money in your CPF Special Account.The savings in your CPF SA currently still earn a 4% interest rate, totally risk free. There’s also an additional 1% interest paid to the first $60k of OA+SA.The interest is high enough to ...
Congrats on your new condo purchase. It’s a significant milestone in your investment journey.You diligently studied the property market and got in at what you think is the right time.And now, all that’s left to do is to find a tenant. Yes, you’re renting out your spanking new private apartment, fully furnished.As a person who’s ...
When I posted about graduate couples having no problems saving $1 million, I used an investment return of 3% in my calculations.If you can consistently generate a 3% return every year, you will turn $100,000 into $103,000 in 1 year, and then make that $103,000 become $106,090 in 1 more year. With such compounding, your ...
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Following the previous post on degree holders’ income, we now look at the income of diploma holders.The following are the numbers for diploma holders, also from the same MOM report on the labour force:Median Gross Monthly Income for Diploma HoldersAge group 25-29: $2,170 (males $2,170)Age group 30-39: $3,060 (males $3,250)Age group 40-49: $4,000 (males ...
Here’s the latest salary benchmark tool that we’ve all been waiting for.It uses the data from Ministry of Manpower’s Report on Labour Force in Singapore 2007, which is just released about 1 month back.Because “gross monthly income” in the MOM report includes bonuses, you should take your annual income and divide by 12 to ...
Don’t be fooled by those “get rich” seminars, says a Sunday Times article today (as I interpreted it).Flip open the papers, and you’ll see some advertisements on “How to make lots of money doing XYZ“, where XYZ can be “options trading”, “forex trading”, or “shares trading”.As some will say, the only …
And he’s only 28 years old. This puts him in the top 90% in his age group, according to Salary.sg’s benchmarking tool.But Mr Dharambir the security guard is in the news for a different reason.While having a drink with his friends, he boasted about his $4,000-a-month salary, and later got hit by one of ...
Thanks to a comment from “Passerby” on my previous post on SingTel’s unfair tactic, I now believe - though I’m not a lawyer - that SingTel has violated the Telecommunications Act’s Code of Practice for Provision of Premium Rate Services, which states:“2.3.1 No premium rate service provider shall engage in the practice of providing ...
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