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Household incomes practically decreased across the board in 2009, according to a recently released publication on income statistics from the Singapore Department of Statistics.The average monthly household income of all households decreased to $7,549 in 2009 from $7,752 in 2008.The corresponding median income also decreased to $5,398 from $5,475.If you split the households …
Civil servants are set to receive a bonus of half a month and a cash quantum of $300 in July.This is considered good news, compared to just 6 months ago when public servants received a pittance as year end bonus. The Public Service Division explained that the Singapore economy, which grew by 15.5% in Q1, ...
In a recently concluded Salary.sg poll, 62% of the respondents think property prices will correct within 2 years. However, 22% believe there will never be a correction. By the way, the article that accompanied that poll was republished by CPF at their IM$avvy site.If the current downward pressure on stock markets is to persist, ...
In a recently concluded Salary.sg poll, 62% of the respondents think property prices will correct within 2 years. However, 22% believe there will never be a correction. By the way, the article that accompanied that poll was republished by CPF at their IM$avvy site.If the current downward pressure on stock markets is to persist, ...
The prevailing CPF Minimum Sum will be increased to $123,000 effective 1 July 2010 (source: Straits Times). This is a $6k increase from the previous $117,000.If you are thinking of using CPF to pay for a second property, you will need to set aside half of the prevailing Minimum Sum. This amount is currently $58,500, ...
The prevailing CPF Minimum Sum will be increased to $123,000 effective 1 July 2010 (source: Straits Times). This is a $6k increase from the previous $117,000.If you are thinking of using CPF to pay for a second property, you will need to set aside half of the prevailing Minimum Sum. This amount is currently $58,500, ...
Did you have enough cash when the stock market plunged to its lowest points between late 2008 and early 2009? If you did, and you were confident enough to buy stocks, you would have made good money using the market cycle investing strategy.Someone told me he had very much wanted to buy some cheap shares ...
Did you have enough cash when the stock market plunged to its lowest points between late 2008 and early 2009? If you did, and you were confident enough to buy stocks, you would have made good money using the market cycle investing strategy.Someone told me he had very much wanted to buy some cheap shares ...
The government has announced that the employer CPF contribution rate will be increased by 1%.From 1st September this year, your employer will pay an additional 0.5% to your Medisave Account. If you earn more than $4,500, you will get exactly $22.50 more. This is because CPF contributions are calculated based on the cap of $4,500.However, ...
The government has announced that the employer CPF contribution rate will be increased by 1%.From 1st September this year, your employer will pay an additional 0.5% to your Medisave Account. If you earn more than $4,500, you will get exactly $22.50 more. This is because CPF contributions are calculated based on the cap of $4,500.However, ...
Overheard 2 comments on radio.The first is about some Singaporeans unable to speak either English or Chinese well. Despite years of studying both languages as “first languages”, many so-called “effectively bilingual” Singaporeans still struggle when communicating with native speakers of either language.Mainlanders and Taiwanese laugh at our limited …
Overheard 2 comments on radio.The first is about some Singaporeans unable to speak either English or Chinese well. Despite years of studying both languages as “first languages”, many so-called “effectively bilingual” Singaporeans still struggle when communicating with native speakers of either language.Mainlanders and Taiwanese laugh at our limited …
According to this Bloomberg news article, a Singapore-based senior risk manager with a foreign bank earns between $300k and $400k annually.“Aldabe’s agreed annual salary was $220,000 …
According to this Bloomberg news article, a Singapore-based senior risk manager with a foreign bank earns between $300k and $400k annually.“Aldabe’s agreed annual salary was $220,000 …
If you think property prices are too high, you are not alone.The URA indexes for rest of central region and outside central region are at an all-time high.According to the new NUS Singapore Residential Price Index (SRPI), its index for non-central region has also surpassed way beyond the 2007 peak.A little advice for those looking ...
The latest graduate employment survey reports are out.The 2009 batch of graduates from NUS, NTU and SMU were asked about their starting pay and whether they were employed on a permanent basis.The highest starting salaries come from the 4-year Information Systems Management programme at Singapore Management University. Those who graduated from this course with at ...
Do you know that Singapore uses a progressive tax system? The tax rate increases as the chargeable amount increases.A person with a chargeable income of $100k is taxed $7,100 or 7.1%.But if the chargeable amount was $300k he has to pay $39,300 in taxes or 13.1%.Fair?Here’s the income tax calculator for this year. Just enter ...
The latest COE Bidding Results are out. With the exception of the motorcycle category, all other categories recorded their highest prices in recent years.To buy a small car, you now have to pay $28,389 for that “Certificate of Entitlement”. (I heard an NUS degree costs less. )Car dealers have also promptly adjusted their ...
The next time you hear the word “locals” , tell yourself it actually means “PRs and citizens”.Similarly, “foreigners 221; means “foreigners who are non-PRs”.Locals aren’t all Singapore citizens, and foreigners don’t include PRs. Confusing?In yet another good example of the locals-foreigners confusion, the Manpower …
$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 ...
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