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Two years ago, we estimated that 44% of Singapore’s workforce are non-citizens. Well, we were wrong. The actual figure is 45.4%, a little higher than our estimate! Published in today’s Business Times are the numbers for the breakdown of our labour force as at June 2010: There were 1,712,600 Singaporeans (“citizensR 21;), 334,700 permanent residents …
We have yet again released the latest version of our most popular income benchmarking tool. It uses the latest available data from Iras. Simply enter your Iras assessable income below and see how you stack up against all resident taxpayers in Singapore: Interestingly, a $100k income will put you at the 79.3 percentile, compared to ...
The law graduates from NUS Faculty of Law are once again at the top of the ranking table. This year, they make an average of $5,037 in gross monthly starting pay. (See our GES ranking for last year.) Graduates from SMU ISM and NUS Medicine are at a distant second and third with gross starting ...
As reported in the news, median monthly household income from work has increased by 11% from S$6,342 in 2010 to S$7,037 in 2011. This is based on recent Household Income data released by t …
We don’t invest all our cash. Most of us keep some cash in a savings account, whether to pay bills or to invest when the opportunity comes. So which bank in Singapore gives us the hi …
PM Lee will get a 36% salary cut and receive an annual pay of $2.2m without pension, down from the previous pay package of $3.07m + pension. This is the recommendation given in the Committee to Review Ministerial Salaries Report. The ministerial pay review took more than 7 months to complete. PM Lee’s new base ...
MND and IRAS have just announced an Additional Buyer’s Stamp Duty (ABSD) for all private properties – including condominiums, private apartments and landed property – bought from 8 Dec 2011. This ABSD is levied “over and above” the existing Buyer’s Stamp Duty. For foreigners and corporate entities, the ABSD is 10% of the property price ...
MOF sent out a press release to remind all Singaporeans aged 21 and above to sign up to receive their 2011 Growth Dividend, if they have not already done so. Besides the Growth Dividend, citizens aged 45 and above will also receive their CPF Medisave Top-up. The easiest way to sign up is to do ...
Civil servants will get a year-end bonus of 1.75 months. See the just-released PSD announcement. This includes 0.75 month for the Annual Variable Component (AVC) and 1 month for the Non-Pensionable Annual Allowance (NPAA). The NPAA is also known as the 13th month payment. This 1.75 months’ bonus is awarded in addition to the mid-year ...
Are you buying property now? Is it the right time? Yesterday’s Sunday Times gave us 2 perspectives. First, there’s an interview with a tycoon who has businesses in property development. When asked how many properties did he own, the four-time head of Redas has this to say about property in Singapore: “I haven’t invested in ...
Came across an interesting article on how to ask for a raise (aka “salary increment”) when one feels underpaid and overworked. First, you need to do your research. If you are i …
The URA property price index is at a historical high. While the stock markets around the world are turning bearish, it is still anyone’s guess as to whether the Singapore property market is heading for a crash. To argue against a crash, property bulls will cite the extremely low mortgage interest rates offered by the ...
The HDB Income Ceiling will be raised to $10,000 for BTO flats and $12,000 for ECs (executive condominiums). Previously, the respective ceilings were $8,000 and $10,000. This was just announced by PM Lee Hsien Loong in his 2011 National Day Rally Speech. PM Lee acknowledged that due to the revision of the income ceilings, demand ...
Did you regret not exploiting the previous downturn? If you had invested in blue chip stocks around March 2009, plus/minus 1 or 2 months, and sold early this year, you would have doubled y …
When did your annual pay go above $100,000 for the first time? Based on Iras Annual Report 2009/10, there were exactly 216,358 resident taxpayers in Singapore earning more than $100,000 in 2008. This is about 21% of all resident taxpayers. Are you one of them? When did you first achieve a 6-figure income? When did ...
Our very popular income comparison calculator has been updated with the latest data from Ministry of Manpower’s Report on Labour Force in Singapore 2010 (released in 2011). This simple tool lets you compare your gross monthly income against other Singapore residents in your age group and gender group. You may also compare with all age ...
Our very popular income comparison calculator has been updated with the latest data from Ministry of Manpower’s Report on Labour Force in Singapore 2010 (released in 2011). This simple tool lets you compare your gross monthly income against other Singapore residents in your age group and gender group. You may also compare with all age ...
When Straits Times reported on the research by DTZ, it said:“FOREIGN home buyers snapped up 16 per cent of all private homes sold in the first quarter – the highest quarterly percentage since data became available in 1995.”We all are familiar by now that when the government and the media use the term “foreigners 221;, they ...
When Straits Times reported on the research by DTZ, it said: “FOREIGN home buyers snapped up 16 per cent of all private homes sold in the first quarter – the highest quarterly percentage since data became available in 1995.” We all are familiar by now that when the government and the media use the term ...
PM Lee has just appointed a committee chaired by Gerard Ee to review ministerial salaries.As pointed out in today’s Straits Times (printed edition), the government “does not disclose how much each minister is paid”, but the most current figures released by PSD are for the year 2009, which Salary.sg also covered in a previous article:President ...
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