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Forum: CPF (Central Provident Fund) 18-02-2024, 12:09 AM
Replies: 11
Views: 22,875
Posted By Salary.sg
Shielding can't be done after 2024. See CPF...

Shielding can't be done after 2024. See CPF changes:
https://forums.salary.sg/cpf-central-provident-fund/15104-changes-central-provident-fund-system-2024-a.html
Forum: CPF (Central Provident Fund) 18-02-2024, 12:07 AM
Replies: 0
Views: 1,069
Posted By Salary.sg
Changes to CPF system 2024

CPF contribution rates for those aged 55 to 65 will be increased by a further 1.5% in 2025.

Maximum amount that CPF members can put into their Retirement Account (RA) will be increased to $426k....
Forum: Investments and Net Worth 24-01-2024, 12:41 PM
Replies: 10
Views: 16,675
Posted By Salary.sg
Net worth by percentile of net worth from US Federal Reserve

Source:
https://www.federalreserve.gov/econres/scf/dataviz/scf/table/#series:Net_Worth;demographic:nwcat;population:all;units:median;range:1989,2022

https://i.imgur.com/TOOcSwI.png?1
Forum: Investments and Net Worth 05-01-2024, 10:16 PM
Replies: 1
Views: 1,272
Posted By Salary.sg
Net worth of fine car owners

What’s the net wealth of people who drive fine cars?

One data point (not me):

Toyota Harrier 2.0 Turbo 2018 (actually not a fine car though)
4M
Forum: Investments and Net Worth 03-01-2024, 03:37 PM
Replies: 10
Views: 16,675
Posted By Salary.sg
The updated household net wealth for US for the...

The updated household net wealth for US for the year 2023:

90% $1,920,758
91% $2,157,988
92% $2,382,960
93% $2,692,160
94% $3,088,722
95% $3,779,600
96% $4,699,180
97% ...
Forum: CPF (Central Provident Fund) 17-06-2022, 02:25 PM
Replies: 1
Views: 6,120
Posted By Salary.sg
CPF Voluntary Contribution Limit

If you want to make voluntary contributions to your CPF accounts, there’s an Annual Limit of $37,740 that you need to be aware of.

If you’re self-employed, it’s quite unlikely for you to hit that...
Forum: Retirement 29-05-2022, 11:32 PM
Replies: 13
Views: 15,085
Posted By Salary.sg
Early Retirement

How much do you need to retire early?
Forum: Cost of Living 16-01-2022, 03:44 PM
Replies: 5
Views: 6,695
Posted By Salary.sg
How much of your net worth would you spend on cars?

Suppose your net worth is $3M (including residence) and you have 2 cars that cost $600K total. That is 20% of your net worth.
Forum: CPF (Central Provident Fund) 10-01-2022, 10:48 AM
Replies: 11
Views: 22,875
Posted By Salary.sg
After 55, no. See: ...

After 55, no.

See:
https://www.cpf.gov.sg/member/faq/growing-your-savings/retirement-sum-topping-up-scheme/i-am-55--can-i-transfer-my-ordinary-account-savings-to-my-specia

"No, you will not be...
Forum: CPF (Central Provident Fund) 10-01-2022, 01:59 AM
Replies: 11
Views: 22,875
Posted By Salary.sg
Good article with details on the CPF shielding...

Good article with details on the CPF shielding "hack":

https://dollarsandsense.sg/cpf-shielding-hacks-special-account-ordinary-account/
Forum: Retirement 14-06-2021, 10:23 PM
Replies: 8
Views: 8,731
Posted By Salary.sg
How much money would you leave to your children?

If you have $1m when you retire, how much do you plan to leave to your children?

What if you have $5m? Or $10m?
Forum: CPF (Central Provident Fund) 17-04-2021, 07:34 PM
Replies: 11
Views: 22,875
Posted By Salary.sg
Check out this asiaone article...

Check out this asiaone article (https://www.asiaone.com/money/cpf-special-account-sa-shielding-how-you-can-perform-retirement-cheat-code) on the same topic.

Before you turn 55 years old:

Step...
Forum: CPF (Central Provident Fund) 21-02-2021, 03:15 PM
Replies: 11
Views: 22,875
Posted By Salary.sg
This youtube video explains the CPF Shielding...

This youtube video explains the CPF Shielding strategy very well:

https://youtu.be/i2n4l5UyfPw
Forum: CPF (Central Provident Fund) 31-01-2021, 05:13 PM
Replies: 0
Sticky: CPF Limits
Views: 7,773
Posted By Salary.sg
CPF Limits

Ordinary Wage Ceiling - currently $6k a month. This is the maximum amount of your monthly income that will attract CPF contributions. Even if you make $10k a month, only $6k of it is subject to CPF...
Forum: CPF (Central Provident Fund) 28-01-2021, 12:07 AM
Replies: 11
Views: 22,875
Posted By Salary.sg
Suppose you have: OA 151k SA 151k ...

Suppose you have:
OA 151k
SA 151k

Without shielding, after you turn 55, you will have:
OA 121k <-- 2.5%
SA 0k
RA 181k

With shielding (after T-Bills mature):
Forum: CPF (Central Provident Fund) 27-01-2021, 11:29 PM
Replies: 11
Views: 22,875
Posted By Salary.sg
CPF SA Shielding (do this just before you turn 55)

When you turn 55, CPF board will create a Retirement Account (RA) for you.

The money from your Special Account (SA) will first be transferred to your RA, followed by money from your Ordinary...
Forum: Investments and Net Worth 27-01-2021, 09:36 PM
Replies: 10
Views: 16,675
Posted By Salary.sg
Net Wealth Percentiles

We can't find such statistical data for Singapore.

But for USA, these are the top 10 percentiles (USD) for household net worth:

90% $1,219,126
91% $1,355,268
92% $1,541,905
93% $1,767,510...
Forum: Education and Personal Growth 16-02-2017, 06:56 PM
Replies: 22
Views: 75,100
Posted By Salary.sg
"What happened to the students in Singapore who...

"What happened to the students in Singapore who studied Life Sciences after the strong government program to push Life Sciences during the early 2000s?

Are they doing well today in the Life...
Forum: Income and Jobs 23-10-2016, 08:21 PM
Replies: 0
Views: 4,326
Posted By Salary.sg
Arrow [Sponsored] Best Air Miles Credit Card – Amex Singapore Airlines KrisFlyer

If you take Singapore Airlines, the American Express Singapore Airlines Krisflyer Credit Card (https://ad.doubleclick.net/ddm/clk/310607935;138268991;q) is the best credit card for you.

Once you...
Forum: Income and Jobs 01-10-2016, 12:36 PM
Replies: 4
Views: 4,601
Posted By Salary.sg
Arrow [Sponsored] American Express True Cashback Card – Sign Up Here

If you like cashback credit cards, THIS is the ultimate credit card that you must have.

The American Express True Cashback Card has absolutely no restrictions on how your cashback is earned. There...
Forum: Income and Jobs 08-07-2016, 06:24 PM
Replies: 0
Views: 2,215
Posted By Salary.sg
6 Tell Tale Signs You Are Not Fit For Your Current Job

Are you fit for your current jobs?

Read more:
6 Tell Tale Signs You Are Not Fit For Your Current Job | Salary.sg - Your Salary in Singapore...
Forum: Income and Jobs 30-06-2016, 12:23 AM
Replies: 0
Views: 7,163
Posted By Salary.sg
Investment banking average base salaries and bonuses in Singapore

Investment banking (M&A, ECM, DCM) average base salaries and bonuses in Singapore:

Analyst -- S$105k & bonus of 20-30%
Associate -- S$153k & bonus 25-40%
VP -- S$230k & bonus 25-55%
Director --...
Forum: Income and Jobs 13-09-2012, 10:21 PM
Replies: 20
Views: 10,927
Posted By Salary.sg
Sakae Sushi Dishwasher Makes 3k

The CEO of Sakae Sushi, Douglas Foo, has revealed to the media that his sushi chain has a hard time filling dishwasher positions even after offering a S$3,000 per month salary.

Sakae Sushi's job...
Forum: Income and Jobs 05-03-2012, 03:57 PM
Replies: 44
Views: 27,479
Posted By Salary.sg
Passive Income

Do you make any passive income? Does it exceed the salary from your regular job?

Examples of passive income sources include: rental, investment dividends, book royalties, website advertisements,...
Forum: Income and Jobs 19-02-2012, 05:17 PM
Replies: 107
Views: 42,925
Posted By Salary.sg
Compare Your Household Income

What is your combined monthly salary?

Add in the employer's CPF contribution and calculate your percentile ranking here:
Benchmark Your Household Income 2012 | Salary.sg - Your Salary in...
Showing results 1 to 25 of 45

 
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