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How much are you earning per annum?

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  #13341 (permalink)  
Old 11-08-2022, 04:06 PM
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Sharing my info here:

Wife (me): 38 yo, 500k, tech
Husband: 38 yo, 250k, tech

1 helper with 1 kid

Own stay property 1.6m
Investment property 2.1m
Savings 1m
CPF 300k

Target to retire at 50

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  #13342 (permalink)  
Old 14-08-2022, 08:35 PM
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Quote:
Originally Posted by Unregistered View Post
Sharing my info here:

Wife (me): 38 yo, 500k, tech
Husband: 38 yo, 250k, tech

1 helper with 1 kid

Own stay property 1.6m
Investment property 2.1m
Savings 1m
CPF 300k

Target to retire at 50
Good to see someone doing well. Keep it up

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  #13343 (permalink)  
Old 14-08-2022, 10:22 PM
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46 yo current career in banking, $400K basic plus variable.

My with is a SAHM.

Aside from work income, we have 2 freehold properties with gross value $5M which should have capital appreciation of 4% annually, plus another $1M in cash investments.

I plan to retire from full time employment at 55 yo.

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  #13344 (permalink)  
Old 15-08-2022, 12:07 AM
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Quant trading

25YO

A little over 450k for last year
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  #13345 (permalink)  
Old 15-08-2022, 12:47 AM
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25 yo

Software / Data Engineer

Total Comp ~80k+

0 YOE
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  #13346 (permalink)  
Old 15-08-2022, 12:25 PM
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40 (me) 180k pa
35 (spouse) 200k pa

1 5rm hdb, 1 4rm condo.
1 car
3 kids

Cpf max out SA already.
cash and investment > 300k

Not sure if can retire at 60..
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  #13347 (permalink)  
Old 15-08-2022, 09:18 PM
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According to PSD, ministers salary is pegged to the top 1000 earners in the private sectors :

Quote:
The top 1,000 Singapore citizen income earners would include the following:

Senior management positions including Chief Executive Officers, Chief Operating Officers, Chief Financial Officers, Chief Information Officers, Presidents, Chairmen, Directors, General Managers from a range of industries;
Representatives from the financial services including bankers, asset managers, traders, Managing Directors, Senior Vice Presidents; and
Professionals including lawyers, accountants, doctors, engineers
Quote:
A Minister may start at the lower end of the MR4 range with a monthly salary of $46,750. This works out to an annual salary of $935,000, of which $607,750 is fixed and the rest is variable.
Since MR4 payscale is pegged at 60% of the top 1000 earners, that means those folks are earning about $1.5M a year.

In Civil Service, the next level below the Minister, i.e. the Perm Sec usually holds the role equivalent to a CEO of a large corporation. I know for a fact that one MMC pays their C-suite about $350K per annum.

So I guess there are either lots of C-suite or o Big Cannon Fairies around.
[Quote]
Source:
s://.psd.gov.sg/faq#:~:text=The%20fixed%20salary%20is%20%24715%2C0 00,socio%2Deconomic%20outcomes%20of%20Singaporeans .
s://.nas.gov.sg/archivesonline/data/pdfdoc/2000062907.htm
[Quote]
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  #13348 (permalink)  
Old 16-08-2022, 01:33 PM
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Me & wife both age 51, with 2 children local uni
Last year filed income tax $700k

Owns 2 private property
Paid up $1.5mil
50% mortgaged $2.5mil

Total CPF $2mil
Total stocks- cash & SRS $1.3mil

Target to retire at 55
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  #13349 (permalink)  
Old 16-08-2022, 07:22 PM
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Quote:
Originally Posted by Unregistered View Post
I know for a fact that one MMC pays their C-suite about $350K per annum.

So I guess there are either lots of C-suite or o Big Cannon Fairies around.
$350K is lower than A LOT of individual contributors like lawyers, hedge fund traders, investment bankers and even software engineers (those in Meta and Google).

There was an eye surgeon MP who said:

"If the annual salary of the Minister of Information, Communication and Arts is only $500,000, it may pose some problems when he discuss policies with media CEOs who earn millions of dollars because they need not listen to the minister's ideas and proposals. Hence, a reasonable payout will help to maintain a bit of dignity."

So the CEO you cited doesn't have much dignity.
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  #13350 (permalink)  
Old 17-08-2022, 12:37 AM
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Glad that the top 5% income earners are always in this thread giving valuable advice
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