Sort By:
This year, civil servants will get the usual AWS and a one-off payment of 0.25 month capped at $750.This means that a civil servant earning a monthly salary of $3k will get 1.25 months of bonus worth $3,750, whereas another civil servant earning $10k a month will only get 1.075 months or $10,750.Whose bonus would ...
Much has been mentioned about the “transparency& #8221; of Sibor-pegged mortgage loans. But there are TWO risks associated with such loans.First is of course the possibility that the Sibor rate may go up. And it may shoot up dramatically.Just 3 years ago, Sibor was hovering around 3.5%. If your bank charges you Sibor + 1.5%, you ...
Much has been mentioned about the “transparency& #8221; of Sibor-pegged mortgage loans. But there are TWO risks associated with such loans.First is of course the possibility that the Sibor rate may go up. And it may shoot up dramatically.Just 3 years ago, Sibor was hovering around 3.5%. If your bank charges you Sibor + 1.5%, you ...
We conducted a poll on how much Salary.sg readers save. The results of the poll show that the average saving rate of our readers is 33.1%.The average Salary.sg saves about one-third of his/her monthly salary.The poll attracted more than 700 responses, 32% of which picked 21-40% as their saving rate.Another interesting finding is that about ...
We conducted a poll on how much Salary.sg readers save. The results of the poll show that the average saving rate of our readers is 33.1%.The average Salary.sg saves about one-third of his/her monthly salary.The poll attracted more than 700 responses, 32% of which picked 21-40% as their saving rate.Another interesting finding is that about ...
At first glance, the Supplementary Retirement Scheme (SRS) appears to be a very good deal. But after a simple analysis, we will know why it is not the case.As illustrated in today’s Sunday Times (see similar example in Finatiq), a contribution of $11,475 to your SRS account brings about a tax saving of $1,096. This ...
About 41% of Salary.sg readers make more than $100k per annum. This is according to our poll which garnered more than 800 responses.Out of this group of high earners, about two-thirds work in multinationals (or MNCs).As for those who work in government-linked companies (GLCs), slightly more than one-third make more than $100k. Contrast this with ...
Some people save a fixed amount of their monthly income and spend the rest. Others like myself spend prudently and save the rest.Regardless of whether you’re a spend-the-rest or save-the-rest saver, you should be able to gauge roughly how much you save a month.Though thrift and financial prudence have been extolled as good “Asian values”, ...
According to our calculations, your citizenship is worth $4,511 more than permanent residents per year. For that, you have to serve NS if you are male, and watch some of your PR friends sell their HDBs for a good profit and then return to their (sometimes) cheaper home countries to enjoy retirement.As a Singapore ...
While some doctors and administrators are having a friendly debate, I would like to bring your attention to another interesting discussion.A reader by the name “wonder” claims that his friends in GLCs earn double of what MNC employees earn.I’m a little sceptical, so let’s do an unscientific poll.Let’s compare the ratio of high earners ...
The STI index closed today at a year-high of 2,712.15, up more than 80% from its bottom just 7 months ago.About a month before the market hit the bottom, I talked about exploiting the recession. STI was around 1,700 then.And about a month after the market hit bottom, I talked about market cycle investing ...
The most accurate (arguably) income comparison tool on the island has been updated.Once again, we take the data points from the latest Iras Annual Report 2008/2009 and produce the following tool that stack you up against all resident taxpayers.In our view, the data from the Inland Revenue Authority of Singapore is much more comprehensive ...
The most accurate (arguably) income comparison tool on the island has been updated.Once again, we take the data points from the latest Iras Annual Report 2008/2009 and produce the following tool that stack you up against all resident taxpayers.In our view, the data from the Inland Revenue Authority of Singapore is much more comprehensive ...
According to one measure of affordability, our houses are less affordable than major cities like Sydney, Toronto, New York and even Tokyo.The mainstream media and HDB have (unsurprisingly) claimed otherwise and probably will give 101 reasons to support their arguments.More annoyingly, without much hint of sympathy, the media reported that “buyers can be narrowly ...
According to one measure of affordability, our houses are less affordable than major cities like Sydney, Toronto, New York and even Tokyo.The mainstream media and HDB have (unsurprisingly) claimed otherwise and probably will give 101 reasons to support their arguments.More annoyingly, without much hint of sympathy, the media reported that “buyers can be narrowly ...
This will be a fair comparison of how good a wealth accumulator you are. Rather than comparing the dollar amount of your net worth, we will stack you up against others in terms of your net worth over income.If a person makes $100k/year and has $500k in net worth, he’s definitely a much better ...
This will be a fair comparison of how good a wealth accumulator you are. Rather than comparing the dollar amount of your net worth, we will stack you up against others in terms of your net worth over income.If a person makes $100k/year and has $500k in net worth, he’s definitely a much better ...
According to the Straits Times (Sep 19), median home prices in 2008 were about 16.3 times the median annual income that year.The article never mentioned if 16.3x is a bearable or even realistic figure for individual households.Using ST’s median figures for 2008, if a household making $59,400/year were to buy a $970,000 condo, it ...
Don’t let mainstream media headlines like “Most top PSLE students stay in HDB flats” (link) mislead you into thinking that HDB kids are top students.All it takes is a sharp eye and a thinking mind to see the facts. Straits Times reader Mr Visakan Veerasamy wrote to the papers today:“The statistics given in the ...
We’ve updated our popular income comparison calculator.The data points come from Ministry of Manpower’s Report on Labour Force in Singapore 2008 released early this year.Take your annual income (including bonus) and divide by 12 to derive your “gross monthly income” when using this income benchmarking tool:Last year’s version of the tool is here. …
…