How much are you earning per annum? - Page 539 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




How much are you earning per annum?

Reply
 
Thread Tools
  #5381 (permalink)  
Old 24-09-2014, 04:20 PM
Unregistered
Guest
 
Posts: n/a
Default

Can you define what is considered big salary and big pension?

Nowadays only a select few civil serpents are on pension. And those old pensioners' salaries were not as high as new civil serpents now. Also there is a wide range of pensioners from superscale to time scale.

Last time (ten years back), superscale officers salary start around $10k. Now, non-superscale officers can earn more.

Quote:
Originally Posted by Unregistered View Post
Just wonder how government pensioner fare after their retirement.
They have big salary and therefore big pension.

Reply With Quote
  #5382 (permalink)  
Old 24-09-2014, 04:27 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Can you define what is considered big salary and big pension?

Nowadays only a select few civil serpents are on pension. And those old pensioners' salaries were not as high as new civil serpents now. Also there is a wide range of pensioners from superscale to time scale.

Last time (ten years back), superscale officers salary start around $10k. Now, non-superscale officers can earn more.
Just take school teacher if they are to retire today.
What are the benefits they will get in relative to their last pay.

Reply With Quote
  #5383 (permalink)  
Old 24-09-2014, 04:46 PM
Unregistered
Guest
 
Posts: n/a
Default

fyi, teachers who started on and after 1986 no longer enjoy pension. Some are 55 years old already because they join later, also no pension ok? Then there are others who switched to full CPF even when they started before 1986. Again no pension for them.

Dont think every government staff have pension.

I know many newer teachers earn as much as (if not more) than the older teachers.

Quote:
Originally Posted by Unregistered View Post
Just take school teacher if they are to retire today.
What are the benefits they will get in relative to their last pay.

Reply With Quote
  #5384 (permalink)  
Old 24-09-2014, 05:13 PM
Unregistered
Guest
 
Posts: n/a
Default

Typical HDB retired couple

Food and groceries for 2, $500
Utilities, $100
Transport, $50
Health insurance, $400
Holiday (pro rated), $100
Misc, $100
Total, $1250 pm or $15k pa

Typical Condo retired couple

Food, groceries, restaurants for 2, $2000
Utilities, $300
Car (assumed no more loan) related expenses, $1000
Maid, $1000
Health insurance, $1000
Holiday (pro rated, twice a year), $1000
Entertainment, $1000
Misc, $1000
Total, $8300 pm or $100k pa

So, moral of the story is - your retirement expenses depend on your desired lifestyle.
As long as you are happy, it does not matter how much you spend.
Happiness is in the heart. I see many old uncles and aunties who are happy despite retiring with little means. I also see rich retired couples arguing or see them with long faces.


Quote:
Originally Posted by Unregistered View Post
I was just wondering how much does a retired couple need nowadays to live in Singapore, based on the following conditions:

1. Retired at 65.
2. 4 room flat paid off.
3. No car.
4. No maid.
5. Eat mostly home cooked food.
6. Do household chores themselves.
7. Holidays once a year in neighboring countries.

How much is a reasonable household expense per month?
Reply With Quote
  #5385 (permalink)  
Old 24-09-2014, 06:06 PM
Unregistered
Guest
 
Posts: n/a
Default

I think it is a "jealousy" biased observation that wealth = unhappy family.

There are many factors to why couples quarrel and fight, and usually the lack of money is one of the key causes.

There is something else I observed in high density Singapore that is sad. That there are many instances of family friction coming from retirees staying with their grown up children and their families. It is either the retiree cannot get along with the in-laws or own children. Only recently, two cases have resulted in deaths!

I think best to let your children have their space to bring their own family. Come and help look after the grandchildren when asked, but stay away when they grow up and need their own rooms and space. Absence also makes the heart grows fonder.

Never make the mistake of staying with your children when you retire. If not properly managed, it can destroy relationships and even lives!

Quote:
Originally Posted by Unregistered View Post
Typical HDB retired couple

Food and groceries for 2, $500
Utilities, $100
Transport, $50
Health insurance, $400
Holiday (pro rated), $100
Misc, $100
Total, $1250 pm or $15k pa

Typical Condo retired couple

Food, groceries, restaurants for 2, $2000
Utilities, $300
Car (assumed no more loan) related expenses, $1000
Maid, $1000
Health insurance, $1000
Holiday (pro rated, twice a year), $1000
Entertainment, $1000
Misc, $1000
Total, $8300 pm or $100k pa

So, moral of the story is - your retirement expenses depend on your desired lifestyle.
As long as you are happy, it does not matter how much you spend.
Happiness is in the heart. I see many old uncles and aunties who are happy despite retiring with little means. I also see rich retired couples arguing or see them with long faces.
Reply With Quote
  #5386 (permalink)  
Old 24-09-2014, 10:13 PM
Unregistered
Guest
 
Posts: n/a
Default

45, 43, married couple with two teenage children, income $97k pa & $110k pa respectively.
Savings $20k pa & $30k pa respectively.
Lives in a resale condo, bought for $600k, in 2005. Still servicing loan of $200k.
Other assets include CPF and cash, no stocks, $400k.
Total husband & wife combined net worth (including home equity), $1.4m.
How are we doing as a couple?
Is our net worth considered low among graduate couples?
Any suggestions what we should do to prepare for retirement at 60?
Reply With Quote

  #5387 (permalink)  
Old 24-09-2014, 11:00 PM
Unregistered
Guest
 
Posts: n/a
Default Idiot also can earn so much?

Quote:
Originally Posted by Unregistered View Post
45, 43, married couple with two teenage children, income $97k pa & $110k pa respectively.
Savings $20k pa & $30k pa respectively.
Lives in a resale condo, bought for $600k, in 2005. Still servicing loan of $200k.
Other assets include CPF and cash, no stocks, $400k.
Total husband & wife combined net worth (including home equity), $1.4m.
How are we doing as a couple?
Is our net worth considered low among graduate couples?
Any suggestions what we should do to prepare for retirement at 60?
I believe these two are idiots, earning >200k and still do not know how to plan for retirement.

Either their bosses are their father paying them out from his own pocket, or they just simply cook up story, or they want to tell us not all Singaporean are clever enough to manage their own finance.
Reply With Quote
  #5388 (permalink)  
Old 24-09-2014, 11:23 PM
Unregistered
Guest
 
Posts: n/a
Default Want facts only on Government pensioner

Quote:
Originally Posted by Unregistered View Post
fyi, teachers who started on and after 1986 no longer enjoy pension. Some are 55 years old already because they join later, also no pension ok? Then there are others who switched to full CPF even when they started before 1986. Again no pension for them.

Dont think every government staff have pension.

I know many newer teachers earn as much as (if not more) than the older teachers.
I have a relative just retired from teaching at JC about two years ago at age 60. Husband also teaching in Polytechnic, is due to retire this year.

I was sensitive enough not to ask about their pension, but I knew two years ago prior to retirement she was given a rather complicated choice of pension + something else (two choices to choose).

From my observation, I know they received very good pay. Staying in a 3 bed room private condo (mind you, not EC), driving good Jap car, sending son to UK for medical course (MBBS) with own money, buying an apartment in London for about GBP 400k paying cash.

Just wonder if pay is no good, pension is no good, how could they afford all these? Please provide facts, not fabricating infor that is not accurate. Don't know please don't respond.

TQ

ps: Definitely they join government service before 1986.
Reply With Quote
  #5389 (permalink)  
Old 25-09-2014, 12:54 AM
Unregistered
Guest
 
Posts: n/a
Default hi

Maybe you heard of think called financially planning. =)

There is a factual news report on T.V. of a parking attendant who is a multi - millionaire.

How did he become so rich?




Quote:
Originally Posted by Unregistered View Post
Just wonder if pay is no good, pension is no good, how could they afford all these? Please provide facts, not fabricating infor that is not accurate. Don't know please don't respond.

TQ

ps: Definitely they join government service before 1986.


Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


Bursa Stocks Android App - check share prices
Bursa Stocks [Android] App - check latest share prices on the go


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #5390 (permalink)  
Old 25-09-2014, 07:45 AM
Unregistered
Guest
 
Posts: n/a
Default

You are really dense. You think only must have good pension then can afford condo and send children for overseas medical course?

Throughout this forum you can see many young and not so young high earners with good passive incomes from their shrewd investments. You think they have pension?

Our teachers are competitively paid. Two graduated teachers married to each other would have a combined income at the top 10 - 15% of household incomes. By 50, they could easily afford to live in a condo and possibly have another for rental income.

Quote:
Originally Posted by Unregistered View Post
I have a relative just retired from teaching at JC about two years ago at age 60. Husband also teaching in Polytechnic, is due to retire this year.

I was sensitive enough not to ask about their pension, but I knew two years ago prior to retirement she was given a rather complicated choice of pension + something else (two choices to choose).

From my observation, I know they received very good pay. Staying in a 3 bed room private condo (mind you, not EC), driving good Jap car, sending son to UK for medical course (MBBS) with own money, buying an apartment in London for about GBP 400k paying cash.

Just wonder if pay is no good, pension is no good, how could they afford all these? Please provide facts, not fabricating infor that is not accurate. Don't know please don't respond.

TQ

ps: Definitely they join government service before 1986.
Reply With Quote
Reply

Bookmarks

Tags
bond, bond breaking, income pa, lawyer, saf

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Industries with Highest Proportion Earning 5-Figure Monthly Income Salary.sg Income and Jobs 25 23-04-2021 10:40 PM
Lawyer earning $25k/mth forged $65k payslip to get job Salary.sg Income and Jobs 2 30-12-2011 02:42 PM

» 30 Recent Threads
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
17,932 Replies, 5,436,877 Views
Career as Teacher ( 1 2 3... Last Page)
11,655 Replies, 7,118,475 Views
GovTech ( 1 2 3... Last Page)
6,581 Replies, 2,556,795 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,336 Replies, 3,954,939 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,462 Replies, 4,963,693 Views
ST Electronics ( 1 2 3... Last Page)
3,917 Replies, 1,653,526 Views
Lawyer Salary ( 1 2 3... Last Page)
21,385 Replies, 10,771,174 Views
INL Agency? Brand Communication...
4 Replies, 442 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
927 Replies, 445,230 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
826 Replies, 473,193 Views
ITE (lecturer) ( 1 2 3... Last Page)
282 Replies, 405,824 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,940 Replies, 2,986,146 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,351 Replies, 694,814 Views
Job Application with MOE... ( 1 2 3... Last Page)
498 Replies, 665,054 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,632 Replies, 1,465,318 Views
Compare civil service salary ( 1 2 3... Last Page)
16,495 Replies, 12,877,331 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
2,249 Replies, 1,157,171 Views
Election Department job application ( 1 2)
10 Replies, 4,395 Views
Management Consultant MBB Big4 etc... ( 1 2 3... Last Page)
272 Replies, 203,847 Views
Whats your net worth ( 1 2 3... Last Page)
2,963 Replies, 1,423,474 Views
DBS Bank career advancement,... ( 1 2 3... Last Page)
137 Replies, 310,856 Views
PMO (Prime Minister's Office... ( 1 2)
17 Replies, 7,624 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
6,038 Replies, 4,881,747 Views
Civil Servant Bonus Mid-2023 ( 1 2 3... Last Page)
198 Replies, 185,233 Views
How is life as a doctor in... ( 1 2 3... Last Page)
7,533 Replies, 3,606,398 Views
Roles in accenture singapore ( 1 2 3... Last Page)
8,083 Replies, 2,544,549 Views
Work culture in CPF board ( 1 2 3... Last Page)
43 Replies, 81,454 Views
CSA (Cyber Security Agency) ( 1 2 3... Last Page)
944 Replies, 560,545 Views
Is HR useless? ( 1 2)
13 Replies, 748 Views
GIC (Government of Singapore... ( 1 2 3... Last Page)
423 Replies, 753,351 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 04:48 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2