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Old 14-12-2022, 03:48 PM
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Originally Posted by Unregistered View Post
Just doing some math....

8.6k plus 1.25 is the start.

1st year
8.6X12 = 103,200
8.6X1.25=10,750
Total = 113,950
Plus CPF contribution by employer = 17%X113950 = 19,37150
Grand total = 133,321.50

2nd year increase by 6%
9.12X12 = 109,440
9.12*1.25 = 11,400
Total = 120,840
CPF = 20,542.80
Grand total = 141382.80

3rd year increase by 6%
9.67*12 = 116,040
9.67*1.25 = 12,087.50
CPF = 21,781.68
Grand total = 149,909.18

4th year increase by 6%
10.25*12 = 123,000
10.25*1.25 =12,813
Total = 135,813
CPF = 23,088.21
Grand Total = 158901.21

5th year increase by 6%
10.865*12 = 130,380
10.865*1.25 = 13,581.25
Total = 143,961.25
CPF = 24,473.41
Grand Total = 168,434.66

6th year increase by 6%
11.52*12=138,240
11.52*1.25=14,400
total = 152,640
CPF = 25,948.80
Grand Total = 178,588.80

7th year increase by 6%
12.21*12=146,534.40
12.21*1.25=15,262.50
total = 161796.90
CPF = 27,505.47
Grand total = 189,302.37

8th year increase by 6%
12.94*12=155,311
12.94*1.25 = 16,175
total = 171,486
CPF = 29,152.62
Grand Total = 200,638.62

9th year increase by 6%
13.72*12=164,596.80
13.72*1.25=17,150
total = 181746.80
CPF = 30,896.96
Grand T = 212,643.75


10th year increase by 6%
14.54*12=174,518.40
14.54*1.25=18,175
Total = 192,693.40
CPF = 32757.88
Grand T = 225,451.27

11th year increase by 6%
15.41*12=184,948.80
15.41*1.25=19,262.50
Total = 204,211.3
CPF = 34,715.92
Grand T = 238,927.22

12th year increase by 6%
16.33*12=196,015.20
16.33*1.25=20,412.50
Total = 216,427.70
CPF = 36,792.71
Grand T = 253,220.40

So after 12 years at standard progression of salary will hit 250k a year after 12 years of passing MMed.

Maybe there are some other bonus perks I am unaware of. But it is definitely realistic. I do think that the 250-300k mark is probably the limit though.

like OP says 400k is for the CEO.
respect for sharing!



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