As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

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Value Investing
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Technical Analysis and Charting
Stock Tips

Saturday, 31 August 2013

Benchmark Your Gross Monthly Income From Work









 
 
 
 
 
 
 
 
 
Source: Comprehensive Labour Force Survey, MOM
Latest figures published in: Labour Force in Singapore
 
Notes:
  • Data exclude full-time National Servicemen.
  • Data are for mid-year.
  • Residents refer to Singapore Citizens and Permanent Residents.
  • Gross monthly income from work refers to income earned from employment. For employees, it refers to the gross monthly wages or salaries before deduction of employee CPF contributions and personal income tax. It comprises basic wages, overtime pay, commissions, tips, other allowances and one-twelfth of annual bonuses. For self-employed persons, gross monthly income refers to the average monthly profits from their business, trade or profession (i.e. total receipts less business expenses incurred) before deduction of income tax.
  • Before 2009, full-time refers to employment where the normal hours of work is at least 30 hours a week while part-time refers to employment where the normal hours of work is less than 30 hours a week. From 2009 onwards, the threshold between full-time and part-time was revised from 30 hours to 35 hours to align with the revised definition in the Employment Act.
  • Data for 2005 are not available as the Comprehensive Labour Force Survey was not conducted due to the conduct of the General Household Survey by Department of Statistics, Ministry of Trade and Industry. 
  • ^ Deflated by Consumer Price Index for all items at 2009 prices (2009 = 100). Figures in brackets are deflated by Consumer Price Index less imputed rentals on owner-occupied accommodation at 2009 prices (2009 = 100).
  • n.a.= Not available


Read? http://www.iras.gov.sg/irasHome/page.aspx?id=15060#IIT


Benchmark yourself as Tax Payer.

Individual Income Tax
Taxable Individuals by Income Group
As at 31 March 2013 for the Year of Assessment 2012


 





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