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| Income and Jobs Discuss jobs, career options and of course salaries |
Topic Review (Newest First)
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| 18-10-2014 10:49 AM | ||
| Unregistered |
Me, wife and 2 kids (1 with autism) Expenditure Monthly recurring $8530 x 12 = 102k Lumpy annual expenditure $47k Savings (incl employer CPF) $135k |
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| 15-10-2014 06:48 PM | ||
| Unregistered |
27 yo, single 800 cpf 2000 savinga 50 insurance 30+ phone bill 1000+ allocated to food/transport/entertainment (with surplus leftover each mth) |
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| 15-10-2014 03:32 PM | ||
| ka9080 |
Singapore PR Software Engineer - 5 years experience Income perannum - ~S$60,000 (S$4300 permonth + 2 month bonus) Expenses: Food and grocery - S$400 Phone and internet - S$70 Electricity - S$100 Donation - S$40 Transport - S$100 Parents' allowance (Dad, Mom, step-mum) - S$1000 Total expenses around S$1800 per-month. No rent as I live in my relative's apartment Hence saving around S$2500 permonth |
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| 15-07-2014 09:41 AM | ||
| Hermit |
Quote:
One can also increase tax efficiency by structuring your compensation arrangement with your employer. If you "work" for your boss as your own company, you can also reduce your tax burden. 
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| 15-07-2014 12:21 AM | ||
| Unregistered |
That's not too bad given your annual earning. You should factor that into your expenses though. Its almost 10% of monthly income which is a large portion of expense. Quote:
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| 14-07-2014 11:48 PM | ||
| Unregistered |
Quote:
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| 14-07-2014 10:57 PM | ||
| Unregistered |
Don't mind me asking how much tax do you pay per month combined? I'm the poster above with the 2K tax payable per month. What portion of your combined income is taxable vs non taxable? Except for capital gains on property and stocks I'm not aware of any other non taxable income? I could be mistaken on this please feel free to enlighten. Quote:
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| 14-07-2014 10:03 PM | ||
| Unregistered |
Quote:
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| 14-07-2014 09:00 PM | ||
| Unregistered |
What's your monthly income tax at? For 45K per month I would imagine it be substantial. Quote:
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| 14-07-2014 08:48 PM | ||
| Unregistered |
mid-30s couple total income from work incl bonus + investments: 45k/mth mortgage: 2k parents: 1k maid: 1k utilities + maintainence: 250 No car. expense from public transport: 1k Dining/entertainment/retail/insurance: 8k Travel: ~500/month ave Total expense: 13750 (31% of income) Total savings per year: 375k |
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