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Showing results for tags 'income'.
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have you gotten the birthday month treats from Income...the discounts sound wonderful but further checking is show that bluff people one. just look at the iconia...lucky i check with other sellers such as courts n best denki.
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Speaking at the National Day Rally, Prime Minister Lee Hsien Loong said that this move was due to young couples' incomes increasing recently.
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Do you think this is true? "Low" income couple of $5000 can buy new HDB which is $$$ "High" income couple of $10,000 must buy either resale or condo which is $$$$$$ So at the end of the day, one couple may stay in a more "atas" address but everyone is paying through the nose and other than cosmetic differences, floor area is about the same. If the income ceiling is raised, $5000 couple will be damn pissed because the high income earner is now competing with them for flats. But in reality supply is not really a problem, just that a certain horse last time don't want to build.
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10 years inflation = 17.35% Am I right to say, 90% of us (household) should be contented as our income grow faster than the inflation? Only 10% of the population (Resident household) is worse off and unfortunately, they are the lowest paid group. So, what is the govt and opposition's plan to help this group of resident? Maybe, additional 10% tax on those that is inside the top 10% group.
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anyway, have just emailed IRAS asking why we can't pay the income tax using CPF money. if it's possible then they should allow it, since we can't 'physically' touch the money in there anyway.
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This guy must have just been discharged fm IMH. Or, a ghost writer fm the PM's office. Talk about leaving the company, their jobs are ho chia, ho koon, leave for wat? ST Forum Mar 26, 2011 A reality check about income THE opposition should think carefully and get a reality check if it plans to use the issue of ministers' salaries to score an election point. The arguments can go like this: that if one wants to serve the nation, one must be prepared to sacrifice and forgo one's income worth. If one were to use this line of logic, does it mean we should also not compensate our national servicemen during their in-camp training? After all, they should be prepared to sacrifice for their country and it's only income and not their lives they are sacrificing. This would save lots of taxpayer money. If this suggestion sounds absurd, then I guess I have made my point. We need to recognise that income is not only meant to deter corruption but also to communicate appreciation and the value of the person in the employer's eyes (the employer in this case being the nation). Most of us would feel sore and unappreciated if we realise we are not paid market value. We would leave the company. This is human nature. I would expect that someone looking to lead the nation would understand this basic management principle? Gideon Lee
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This seems to suggest that income increase is keeping pace, if not exceeds inflation. Wonder how true is the reality on the ground. ============= Singaporeans' household income increased in 2010 It has recovered to above the level before the economic downturn in 2009. -AsiaOne Mon, Feb 14, 2011 AsiaOne Household income from work increased in 2010, according to a paper released by the Singapore Department of Statistics today. It has recovered to above the level before the economic downturn in 2009. This is in tandem with the strong economic growth Singapore experienced in 2010. The median monthly income from work among resident households increased from $4,850 in 2009 to $5,000 in 2010
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http://www.channelnewsasia.com/stories/sin...1110600/1/.html
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Seow leow, the last time garmen say help low-income, they raise the GST!!! http://www.straitstimes.com/BreakingNews/S...ory_622527.html Home > Breaking News > Singapore > Story Jan 10, 2011 Cost of living to soar further: Shanmugaratnam THE rising cost of living, driven partly by higher food prices, is expected to soar further in the first three months of this year before moderating, Finance Minister Tharaman Shanmugaratnam cautioned in Parliament today. But some relief for Singaporeans hurt by the quickening inflation is in store: the upcoming Budget next month will contain measures to help shield them from its impact, he promised. 'The Government will take into account the impact of inflation and the needs of low-income and retiree households when considering further transfers,' said Mr Shanmugaratnam. The minister also hinted that existing assistance schemes such as the ComCare Fund - now holding $800 million - may be enhanced to provide more buffer for the needy. 'Apart from the Budget... we've got ComCare and other schemes which will allow residents who are truly in need to get assistance,'he added. Inflation in Singapore hit 3.8 per cent in November from a year ago, the largest jump since January 2009.
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A lot of people has been complaining about CPF and also we pay so much tax but standard of living is 3rd world as compared to other 1st world countries. I have did up a poll with a few 1st world countries tax structure and the personal income tax we be paying based on our current annual income. I chose the 4 most popular countries and nearest to us as comparison. Those with high tax rate has great welfare but are you willing to pay for those that do not work and laze around the whole day? Also, knowing MCFers, they will say the govt median salary is bluff one and only MCFers won't lie, won't speed, will give way, won;t take unecessary loan etc... in short SAINTS... RICH SAINTS in fact (judging by the median i got) so i use a MCF poll instead as comparsion to get the median salary. Attached are the links below MCF income poll Income Pax Total 2500 73 182,500 3500 46 161,000 4500 42 189,000 5500 41 225,500 6500 36 234,000 7500 26 195,000 8500 11 93,500 10000 86 860,000 Total 2,140,500 Median: 2,140,500 / 361 = 5,929 Annual Income SGD 71,152 Currency Convertor Japan Japan Income Tax Structure Annual Income: YEN 4,506,750 tax 473,850 national level 180,270 prefectural level 270,405 municipal level total tax YEN 924,525 or 20.51% or SGD 14,596 Australia Australia Income Tax Structure Annual Income: AUD 54,287 total tax 2010-11: AUD 9,836 or 18.11% or SGD 12,891 New Zealand New Zealand Income Tax Structure Annual Income: NZD 71,331 tax 14,000 1755.6 34,000 6643.6 22,000 7048.8 1,331 466.3824 15914.3824 total tax NZD 15,914 or 22.31% or SGD 15,874 Hong Kong Hong Kong Income Tax Structure HKD 430,320 tax 120,000 8,400 310,320 52,754 61,154 -6,000 total tax HKD 55,154 or 12.80% or SGD 9,119 Singapore S'pore Income Tax Structure Annual Income - cpf = 65,752 tax 40,000 3,400 25,752 3,605 SGD 7,005 or 10.65% (based on 65,752) + CPF 5,400 SGD 12,405 or 17.43% (based on 71,152) I choose SG............ i am not paying for any Lazy Farkers welfare thats for sure... at least 50% of my tax allows me to buy a house.... and i have not included the additional 13% or 14% employers contribution and the interest rate we getting on our CPF -
was wondering have any one had an accident with a Taxi and the claim from Taxi's Insurance company comes up to high 4figure or 5 figure sum?? Usually when bang taxi, there is always a lost of income claim from the driver. have any one check into the details of this claims before? I have friends who have suay suay bang taxi before and have claims with a good sum being lost of income for the driver. Some claiming $100+ per day, and these $100+ a day are free from Rentals.. as the companies doesnt charge the drivers when the vehicle is in the workshop.. Even heard Merc driver says $200 a day also have.. Doing some simple calculation, if $100 bucks a day, per year income would go around $35000. (350*$100, with a few day of rest and vehicle maintaince). I'm wondering, does anyone actually dispute the claims amount from such loss of income figures.. Medical claims would have to have its receipts and reports. Workshop repairs would have its repair bills. Loss of income, I would say coming from Income Tax accessment? If Taxi drivers do earn that kind of money, why always on newspaper/TV, the drivers always say no business, cannot earn, etc etc.. PS: I have nothing against Taxi drivers, my dad used to drive taxi too...
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Yes, there seems like a lot of big earner here although it's a sensitive topic, but still appreciate your honest
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I saw this ad "inhouse $0 downpayment, guaranteed immediate approval, no bank loan no income required." what is the catch? Anyone experience this before? What is the interest rate like? Any advice? -
Expat income: S'pore tops global list Survey of 25 countries/cities shows it has largest ratio of high earners By Melissa Kok SINGAPORE is home to the largest proportion of high-earning expatriates compared to 24 other countries and cities, a new global survey shows. Nearly half the number of expats - 45 per cent - living and working here are earning more than US$200,000 (S$265,000) annually, compared to the worldwide average of 21 per cent, according to the Expat Explorer Survey conducted by HSBC Bank. According to a paper on household income trends released by the Singapore Department of Statistics last month, the average annual income of the top 10 per cent of employed Singapore households from work was about $265,000. This means that less than 10 per cent of employed Singapore households earn $265,000 or more. The HSBC figure puts expats in Singapore ahead of their counterparts in other countries and cities such as Russia, China, the Philippines, Malaysia and Hong Kong. The bank said the annual poll - which interviewed more than 4,217 respondents - is the world's largest survey of expatriates. Last year, in the same survey, Singapore was ranked fourth out of 26 countries and cities when it came to expat income. Mr David Ang, executive director of the Singapore Human Resources Institute (Shri), said Singapore's climb in ranking for expat income could be due to 'the economic recovery and more high-earning expats returning to Singapore'. Mr Phillip Overmyer, chief executive of the Singapore International Chamber of Commerce (SICC), noted that more expats, especially senior executives and top-end management, came to Singapore after last year's global recession. For firms looking to venture into the Asian markets or expand their operations in the region, Singapore is ideal. He added that factors such as having English as a first language, an efficient transportation system and a safe environment also explain why bosses favour posting such staff to Singapore over other countries. 'It's a good place to send staff here for two to three years, where they can bring their families,' he said. This year's survey quizzed 109 expats in Singapore on their finances, quality of life, and raising children abroad. A good proportion of expats surveyed here work in the finance industry, are male and aged between 35 and 54 years old. Mr Mark Sparrow, managing director of recruitment firm Kelly Services Singapore, said such high-earning expats would include highly skilled talent filling the needs of niche or highly specialised roles in various industries such as IT and oil. Although Singapore ranks high for expat income, it slipped to seventh place when it came to the proportion of expats who have a disposable income of more than US$3,000 (S$3,980) a month. Shri's Mr Ang attributed the dip in ranking for disposable income to inflation and a higher cost of living in Singapore, especially for housing and car ownership. When it came to overall global rankings, which is determined by expat income, disposable income and measure of luxury, Singapore came in fourth place, after Russia, Saudi Arabia and Bahrain
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Was having a discussion with collegues in the office and i'm quite amazed to see that people who seems to have not much family committments saving less than 20% of their take home pay! For the purpose of this poll, the percentage of one's income saved is inclusive of money used to invest (securities, units trusts etc.)
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Hi, lets do a survey to get a feel whether the recovery is real or not. Please put in real answers! Regardless whether, low income, middle or high income. If possible, increased or decreased by how many percent. Let's roll!
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dont know did i calculate correctly or not, i think i would be paying $800+ more tax this round although my income is 11K lesser in 2009 ..... am i missing something here or most people are paying more in fact......
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If you're thinking of buying a car but your combined family income is below $7,650, think again. According to a local website salary.sg run by a finance manager, $7,650 is the minimum income needed to afford a car. Most families are not able to afford cars because the cost of car ownership does not only include the price but also the miscellaneous fees such as road taxes, car insurance and servicing, said the website. A small saloon will cost around $50,000. The more aspirational may go for a family MPV, which can go up to $80,000 or more. According to the Singapore Department of Statistics, 38 per cent of the households here own a car. The top 38 per cent highest-earning households also make more than $7,650 a month. Salary.sg said that the 38 per cent of the households which own a car may not be the same 38 per cent that form the highest-earning households in Singapore. But it went on to explain that this group of highest-earning households are most capable of owning a car and therefore, it stands to reason that $7,650 is a reasonable guideline for car ownership. Mr Wu, the person behind the site, told Chinese daily Shin Min that a family should retain 50 per cent of their income as miscellaneous expenses, education fees etc. The other 30 per cent would be taken up by a housing loan. Then, car expenses should not total to more than 20 per cent, he said. BAR TOO HIGH? But is the bar of $7,650 too high? The director of a parallel importer company apparently thinks so. He told Shin Min that $7,650 should be the minimum combined income to buy a Continental car like Mercedes-Benz or BMW. But with regards to cheaper cars, monthly expenses should not total more than $1,000. "If the person has a minimum income of $2,000, he can consider buying a car," said the director. And if the cheaper alternative is still too expensive, then the person should consider a second-hand car, added the director.
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http://www.asiaone.com/Motoring/Owners/Buy...214-185860.html Family income below $7,650? You can't afford a car If you're thinking of buying a car but your combined family income is below $7,650, think again. According to a local website salary.sg run by a finance manager, $7,650 is the minimum income needed to afford a car. Most families are not able to afford cars because the cost of car ownership does not only include the price but also the miscellaneous fees such as road taxes, car insurance and servicing, said the website. A small saloon will cost around $50,000. The more aspirational may go for a family MPV, which can go up to $80,000 or more. According to the Singapore Department of Statistics, 38 per cent of the households here own a car. The top 38 per cent highest-earning households also make more than $7,650 a month. Salary.sg said that the 38 per cent of the households which own a car may not be the same 38 per cent that form the highest-earning households in Singapore. But it went on to explain that this group of highest-earning households are most capable of owning a car and therefore, it stands to reason that $7,650 is a reasonable guideline for car ownership. Mr Wu, the person behind the site, told Chinese daily Shin Min that a family should retain 50 per cent of their income as miscellaneous expenses, education fees etc. The other 30 per cent would be taken up by a housing loan. Then, car expenses should not total to more than 20 per cent, he said. BAR TOO HIGH? But is the bar of $7,650 too high? The director of a parallel importer company apparently thinks so. He told Shin Min that $7,650 should be the minimum combined income to buy a Continental car like Mercedes-Benz or BMW. But with regards to cheaper cars, monthly expenses should not total more than $1,000. "If the person has a minimum income of $2,000, he can consider buying a car," said the director. And if the cheaper alternative is still too expensive, then the person should consider a second-hand car, added the director. What are your thoughts? Is the income floor of $7,650 for car ownership too high and unrealistic? Send us your opinions at [email protected] $2k min income can consider buying a car...i think this director short of saying the following 1) if he/she dun need to support parent, and/or siblings 2) if he/she is single 3) if he/she has other incomes that are not taxable or cannot be reported What a good way to brainwash ppl with 2k income to come forward and buy car, and then commit themselves with more liabilites and debts
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Median income in S'pore dips by 1.2% Mon, Nov 30, 2009 AsiaOne The median income for all employed residents dipped by 1.2 per cent from $2,450 in 2008 to $2,420 in 2009. Although median monthly income for full-timers rose slightly by half a percentage point (from $2,590 to $2,600), income as a whole fell as part-timers' share of employment rose. Related link:
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The Land Transport Authority said on Monday that ERP rates at 31 gantries will be adjusted for the year
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Are there any updates on when this will officially kick off? http://forums.keeptouch.net/showthread.php?p=856011
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Wah lau eh, got a shock when I received my renewal quote from Income. I'm on 50% NCD and 5% loyalty discount, my quote was $1150! Last year I was on 40% NCD and no loyalty discount and I paid $980+ only! Decided to be unloyal to Income and get my insurance with AIG. Save 100 bucks man! Income boo boo...
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Base on your experience, what should be the family(husband and wife combined) monthly income level to own a 1.2M house comfortably? This is assuming: 1) taking a bank loan of 950k with for 35 yrs 2) No other loan to service now, family own 1 car but has been fully paid 3) Has 1 kid but no maid 4) No need to give parents $$, parents are self sufficient. Thanks.
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Just interested to know if driving a certain model of car indicate a certain level of income? For example, If one salary is in the range of 2 - 3k wat are the common car for this income. Just interested to know.
