Quote:
Originally Posted by Unregistered
According to the 2019/2020 IRAS annual income stats.
150k annual income is within the top 9.8% bracket of all tax paying residents in Singapore.
Annual income of 310k its top 3% bracket of all tax paying residents
The median (50 percentile) annual income of all tax paying residents in singapore is 43.2K
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I use
MoM statistics
s://stats.
mom.gov.sg/Pages/Income-Summary-Table.aspx
Gross median income in Singapore in 2019-2020 is approx. 4.5k including the 17%
CPF from employer.
So our gross monthly income excluding Employer
cpf contribution should be about 3.9k per month.
3900x12 = 46.8k
Annual median income = 46.8k
Quite close to the IRAS statistics.