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Showing results for tags 'Income'.
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hey guys, got the unfortunate "letter" from company. jus to check with the bros here, any insights on income as a taxi driver? i hv a NUS deg but hvg sent resumes over the past 4 mths, i see the mkt's pretty bad now so hv to face reality and swallow the bitter pill than let my family feed on my pride. now jus hv to survive thru while sending resume. hope bros who hv exp on this can share some insights. will be signing up for the TDVL first.
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http://in.reuters.com/article/worldN...37384920090111 SINGAPORE (Reuters) - A Singaporean member of parliament was attacked and set on fire on Sunday by a 70-year-old man who was angry at not being given a Chinese New Year gift, the country's state broadcaster said. Seng Han Thong was taken to hospital with between 10 and 15 percent burns after the assault during a ceremony to present Chinese New Year gifts at a community club, Channel NewsAsia reported on its website. The chairman of a nearby Chinese temple Aw Swee Seng, who organised the event, also suffered burns in the rare attack in the Southeast Asian city-state known for its safety. "A man ran in, lit a bottle of kerosene and threw it at Mr Seng. Half of Mr Seng's hair was burnt ... his back suffered burns as well," a witness named Zhang was quoted as saying. "The man who threw the bottle tried to escape, but some people caught him." Temple officials said the man was disgruntled at not being selected to receive the hong bao, a red envelope with money traditionally given at Chinese New Year, which contained S$200 ($135), the broadcaster said. Singapore was the first country in Asia to fall into a recession last year. It has one of the highest GDP per capita in the world, ahead of the United States on 2007 figures, but ranks alongside Kenya for income disparity. The ruling People's Action Party (PAP), which has been in power since independence in 1965, says welfare should not be a crutch and there is no unemployment benefit. Well done PAP, you have truly driven this country to the pits. From a model of excellence and consistency in the 70s and 80s, you have now transformed this armpit of a place into one that is uncaring, elitist and devoid of any human passion. While the top 10% of the country is basking in the relative comfort of the ivory tower (read: PAP cadres with their millions in pay), the others are struggling to make ends meet and put food on the table. All the members of the ruling party has never gone through hardship and do not know what the men on the ground are going through. What was once a country that I was proud to call home and defend is now a landmass ruled by a chockfull of rancid men that have got all the policies wrong. "Income disparity on par with Kenya". Now, this is something you never hear or read from our local media. I know for sure where my next vote is going.
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In the wake of the economic downturn, it has been reported that help would now be given not just to the low (income) class but also the middle class (specifically, the low-middle class). In the same report, the low (income) class was defined as a family with a total household income of $1500 and below, while the low-middle class was defined as those with a total household income of $1501-$2500. Not too long ago, during the foreign-workers-domitory-in-Serangoon-Gardens saga, it was reported that those staying in the landed properties in Serangoon Gardens were middle class. Any one here knows how are households classified in Singapore in terms of income/class? I'm confused...
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Hi guys, I'm doing a paper and have the above question. Went through IRAS website but can't find the answer. Anyone has any idea what is the difference? The website states that the offence are under section 95 and 96 of the Income Tax Act. Went through the act but can't understand leh. Has anyone heard of e.g. property agents / insurance agents under declaring and got fined by IRAS? What was the offence type? Under declaration or tax evasion? Hope someone with experience in this (touch wood) can share share :) -
My relative who runs a curtain design shop with 5-6 sales person said that he has at least $10K income even if business is so so.. Another relative who used to subcon factory workers in the 90s makes $30K per month during those days supplying to panasonic etc Do you have other examples to share? Like property agent? hawkers? financial adviser?
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My car is hit from the rear. Damage assessment claim part of the damage is not caused by the impact. Workshop happily claim $2.3k for just a bumper and hatch door panel repair at their very best interest (Initial quotation is $350 for the bumper when both party agreed on private settlement). Tell me the rest cannot claim, push me to Insurance company. After days of "We will get the claim officer to get back to you", NTUC Income friendly customer officer finally get back to me. The respond was, "... get the workshop to settle the issue" How nice, all just because the damn workshop had already get my dad (who doesn't know anything about the damages, tell him all repairs are done) to sign the discharge voucher, when I refuse to sign the day before as they are unable to provide me with a proper breakdown of the repair. Anyone had been in the same situation before? How you deal with it? LL suck thumb?
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http://www.tnp.sg/news/story/0,4136,180757,00.html? Although no reasons were offered by the ministry on why his application was rejected, Mr Kanna said an MOM officer told him that it was because his monthly $1,700 income was deemed too low to support a family. Since when did the authorities have the power to decide who can get married because his salary is low. I have heard of families with children and a total family income of just $1200 and are still very happy. Is the newspaper reporting accurate?
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sorry.. kaypoh.. curious about the profile of the forumers.. EVERYTHING in.. incl allowance, bonus etc. If you are above 250k, then just select pegged to MIW pay.
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S'pore to amend Constitution to draw more income from reserves By Ng Baoying, Channel NewsAsia | Posted: 15 September 2008 1756 hrs SINGAPORE: The government wants to increase the amount of income it can spend from investing Singapore's reserves. This requires an amendment to the Constitution, which was tabled in Parliament on Monday. Singapore's aging population means higher social spending in future. Coupled with plans to develop the country's capacity and overall competitiveness, it means government expenditure is going up. Part of this extra spending is being funded by the Goods and Services Tax, which was raised from 5 per cent to 7 per cent last July. But to preserve a competitive tax environment, the government has said that raising taxes is not the preferred option. So it is now looking at other ways, such as what it can use from the country's investment income. This follows studies on how large state funds in other countries operate. Currently, the government can spend up to 50 per cent of actual interest and dividend income gained from investing Singapore's reserves. This spending rule is meant to safeguard the country's reserves. The government now wants to expand the pool of investment returns to include capital gains and losses, while maintaining the 50 per cent spending cap. It will look at total returns on a long-term expected basis, over 15-20 years, to avoid inherent volatility of actual capital gains and losses. Inflation will also be taken in account. The proposed new framework will apply to assets managed by the Government of Singapore Investment Corporation (GIC) and those owned by the Monetary Authority of Singapore (MAS). Other assets, which include Temasek Holdings, will still use the existing formula. The idea of redefining the income that the government could spend from investing Singapore's reserves was first mentioned in Budget 2007 and again in Budget 2008. The Finance Minister is expected to elaborate further on this amendment later in the year. If the amendment to the Constitution is passed, the changes will take effect at the next Budget in 2009.
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As above, any bank that offer cards for minimum requirement of annual income > $100K ? thanks
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Any thoughts on above?
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Hi, how much do u spend on your car as a percentage of your monthly income? Expense meaning everything in, including taxes, parking, gas, waxing, washing, insurance.. -
1. I was told by someone who drove a Taxi that you can earn between $150 (day shift) to $230 (night shift) a day after paying the Taxi rental & fuel these days. 2. So if we base on the average taking of $190 per day X 30 days, you get $5700 monthly. If base on $230 daily, you will get $6900 monthly. 3. So do you think Taxi drivers are above-average income earner? Regards,
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HE USED to be NTUC Income's chief executive officer but now, as a customer, he is one of its toughest critics. Mr Tan Kin Lian, 60, is mounting an online protest over a move by the insurer to restructure bonus payouts for life policies sold after 1993. He stepped down from the top job in February last year after a 30-year career - but he has not left quietly. The former head honcho is livid over the planned changes, which affect two Income policies that he owns, along with those of an estimated 310,000 other policyholders. In a nutshell, Income plans to cut its annual bonus payouts on these policies from 2.3 per cent to 1.3 per cent of the sum assured. Instead, it will assign more as special bonuses that are paid only at the time of death or when the policy is cashed out. Mr Tan summed up his feelings in a letter posted on his blog: 'We believe that this unilateral change by Income is to the detriment of the policyholders. It contravenes the 'reasonable expectation' of the policyholders.' Yesterday, he told The Straits Times that he would like Income to offer policyholders the option to stay on the old bonus structure if they do not accept the change. He aims to gather the signatures of other unhappy policyholders and present the letter of protest at Income's annual general meeting on May 30. His blog is at www.tankinlian.blogspot.com Income plans to raise the special bonus from 25 per cent of accumulated bonuses to anywhere between 30 per cent and 120 per cent. It says policyholder benefits are not affected by the revamp, as the combination of annual and special bonuses will give a return equal to what was intended in the past. When contacted yesterday, Income's chief actuary, Mr Ken Ng, said: 'Any decrease in our annual bonus will be offset by the increase in special bonus to achieve the same yield.' Income says that once annual bonuses are declared, they become guaranteed. To support this guarantee, Income needs to set aside reserves and invest in low-yield instruments such as bonds. This cuts Income's investment flexibility and the potential to invest in assets such as equities that could earn a higher return in the longer term. Mr Ng said: 'While we aim to keep our yields in line with our past practice, we do not wish to build in annual bonuses which prevent flexibility. This strengthens the position of the life fund for the benefit of all.' But Mr Tan and several other affected policyholders prefer to stay with the old bonus structure, as it is 'more transparent', and a higher proportion of the bonus will be vested each year. The regulator, the Monetary Authority of Singapore (MAS), said bonus declarations and bonus restructuring are commercial decisions approved by the insurers' boards based on recommendations by their actuary. However, insurers should satisfy themselves that the bonuses declared, including any bonus restructuring, are fair and equitable and that these are clearly communicated to policyholders, the MAS said.
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Compare to last year, how much you income increase?
Quantum posted a topic in General Car Discussion
Hi all, come to 2008, obviously owning a car is much costly than last year, bloodi fuel price , farking ERP ...etc but our income... -
Hi, 1. For the salaried men, do you 1st decide how much to buy a car by not spending more than 70-80% of your annual income? For example, if your annual income is $168,000, you will not buy a car that cost beyond $134K. With this bracket of $134K, you then decide on those cars that you can afford. 2. Alternatively, do you work on the basis that monthly instalemnt should not exceed 10% of your monthly income? For example, if you earn $10K, you will only spend at most $1K for monthly car instalment? Thank you. Regards,
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http://news.asiaone.com/News/AsiaOne%2BNew...0324-55894.html THE lower-income households in Singapore were not as badly hit by inflation as those in the middle and higher-income groups in the second half of last year, according to latest data on the consumer price index released by the Department of Statistics (DOS) on Monday. so does that mean poor sillyporeans like me should go out and celebrate and turn to the middle and higher income class ...WE BEAT YOU THIS TIME There you go, no complain this time we are very very happy now -
http://news.asiaone.com/News/AsiaOne%2BNew...0324-55894.html THE lower-income households in Singapore were not as badly hit by inflation as those in the middle and higher-income groups in the second half of last year, according to latest data on the consumer price index released by the Department of Statistics (DOS) on Monday. so does that mean poor sillyporeans like me should go out and celebrate and turn to the middle and higher income class ...WE BEAT YOU THIS TIME There you go, no complain this time we are very very happy now
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About time they wake up! Collect so much tax from us and sleeping for 14 years! Inflation up a lot, salary up a little bit, cap stays same for 14 years, govt wants to force us to migrate or die? MP urges raising of income cap for subsidised HDB flats Posted: 25 February 2008 1739 hrs Special Report
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The wealthy may face more health woes By Ansley Ng, TODAY | Posted: 18 February 2008 0708 hrs SINGAPORE: Some Singaporeans are worried that the poor may not live long enough to receive the monthly payouts under the newly-unveiled CPF Life annuity scheme, fearing that the rich may benefit most because they have better access to healthcare
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have fun with the results thanks
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Please be truthful about your submission based on last year average income including year end bonus if bonus is x amount then divide by 12 and add to your monthly base income thanks it would be very interesting to see the final results have fun
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We all know a car sucks a lot of money. A regular car can easily cost us $1500 a month. A nicer car >$2000. Most of this money is irrecoverable and we are essentially renting a car despite our illusions of ownership. We would be considered lucky we dont have to top up the finance company just to sell away our cars! If instead of having a car, we put the same $ in any investment over the years, I think most of us would be rich! (Yeah we all know who is the blood sucking benifactor ). Eg 1.5k a month =18k a year or $180k in 10 years!!!! Yet they are thinking of charging us more for our cars! So how much does your car suck from you every month in terms of percentage of your net income or take home pay? Net income is what you get after CPF deductions.
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Hi all, I have attached the Household Income Trends 2006 since there are a lot interests among forumers in where they stand. Enjoy. Household Income Trends 2006.pdf
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Anyone wanna share? E.g. Data entry at night after work, Driving taxi ...etc
