31 May '14, 5am

Ideal salary for living in Singapore

Ideal salary for living in Singapore by TheLessTraveledPath on May 31, 2014 Recently a survey published by Jobstreet(29/05/2014), of which 622 people participated and 53% believe that $6,000 is ideal monthly salary to live in Singapore. While 330 people can’t speak for the entire country, they can certainly speak for themselves. Why $6,000? Let’s do a little assumption and break it up a little. Take home: $5000 CPF: $1,960 Ordinary account distribution: $1,250 of $1,960 (Assuming 35 and below) With $1,250 per month, one who is the sole breadwinner is able to purchase a new BTO worth $275,000 without touching cash for the monthly payment. If both the husband and wife is working, one would be able to purchase a BTO of worth up to $550,000 without touching cash. $5,000 is a very comfortable cash amount to live in Singapore whether you are the sole breadwinner or not. There ar...

Full article: http://thefinance.sg/2014/05/31/ideal-salary-for-living-i...

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