How much are you earning per annum?

Originally Posted by Unregistered

And how much would a super scale salary be for these people? Say 10 years after graduation from college.

For a superscale, assuming a basic annual package (and a C pb), at minimum it would be around 190K (by this I mean literally the lowest that can be earned based on the starting point of superscale MX range). Including other special bonuses etc, likely this minimum starting point would be somewhere in the 200-225K range.

Originally Posted by Unregistered

For a superscale, assuming a basic annual package (and a C pb), at minimum it would be around 190K (by this I mean literally the lowest that can be earned based on the starting point of superscale MX range). Including other special bonuses etc, likely this minimum starting point would be somewhere in the 200-225K range.

10 years to get to 225k in civil service as a superscale. Hmm, I believe this kind of trajectory is only reserved for a select few i.e. scholars?

Wonder if the proportion of people in private sector making this sort of amount after 10 years can rival that in the civil service.

This is absolutely brilliant!

Congratulations! You are a success!

Enjoy your retirement!

Originally Posted by Unregistered

OUR RETIREMENT PLAN AT 55

My spouse and I plan to retire when we reach 55, after we have collected our CPF OA funds. Our CPF SA will be used to buy the CPF Life ERS annuity.

We will retire in KL, where we have friends and family. To finance our retirement, we will rent out our paid-up property in Singapore for about S$2,500 pm and convert it to RM7,500 pm.

Here are our expenses:

Rent a 3 BR condo in KL - RM2,000 pm
Utilities and car operating costs - RM600 pm
Food, groceries and entertainment - RM1000 pm
Medical and insurance costs - RM1,000 pm
Holidays and miscellaneous - RM900 pm
Total expenses - RM5,500 pm
Savings - RM2,000 pm

When we reach 65, we will receive S$4,000 pm (RM12,000 pm) from our CPF Life. This extra money will allow us to rent a more expensive condo in KL and for us to travel the world.

Our property in Singapore and our CPF savings are valuable assets which will allow us to retire rich.

[tim]

Originally Posted by NotFlirt

How come all the software developer here earn so much? I 7 years of experience only earning about 45k .
And you guys can hit 80> with same experience

$45k/year with 7 years of experience is definitely low. All the tech unicorns (Grab, Go-Jek, Traveloka, Stripe, TransferWise) and the established international tech companies (Indeed, Mastercard, Visa, Zendesk) pay at least $75k/year for senior software engineers. There is also Google, Microsoft, Facebook and Apple who started hiring developers in Singapore recently but their interviews are harder.

I've built a job search engine that can help you: https://careerwiz.sg/. There are 300+ software engineer job postings in Singapore with salary information.

I only get 46k😣

Everything comes with a price.

Most of the time, they pay you that amount and will expect the same from you... Not just the amount of work, but also the responsibility you need to shoulder, the arrows you need to fend, the time you need to put in, the nonsense and stress you need to put up with, the blame you need to shelter...

Ask yourself what is most important to you, and aim for what you need.
Money is very important but to be honest it can't buy you time, health, happiness, friends and family.

[RecursiveLoop]

Originally Posted by Unregistered

Everything comes with a price.

I agree. I am getting paid reasonably well, judging from the responses on this forum. I won't say how much.

But I would say it comes at a price. I cover the ASEAN territory, which means I travel a lot and there is a lot of responsibility to shoulder. The work never ends because anyone from those countries ping me and I need to respond. I stopped counting the working hours because it is not worth counting. I do enjoy what I do, but it does come at a personal sacrifice.

Earn enough to get by, enjoy your limited time on this earth with your friends and family, make your peace with God if you believe in Him. At the end of the day we are all here for a blink of an eye, no one ever died regretting they worked more or earned more money.

Originally Posted by Unregistered

Everything comes with a price.

Most of the time, they pay you that amount and will expect the same from you... Not just the amount of work, but also the responsibility you need to shoulder, the arrows you need to fend, the time you need to put in, the nonsense and stress you need to put up with, the blame you need to shelter...

Ask yourself what is most important to you, and aim for what you need.
Money is very important but to be honest it can't buy you time, health, happiness, friends and family.

Agree with this. Earn enough for own needs and not envy/compare as this will only make one stress.

Keep happy and healthy at the present level.

Working in a bank
13yrs experience. Client facing
Basic 365k pa
Bonus ard 180k but varies a lot

Originally Posted by Unregistered

Working in a bank
13yrs experience. Client facing
Basic 365k pa
Bonus ard 180k but varies a lot

What kind of client facing role?