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Ministry of Finance (MOF)
Parliamentary Replies

Profile of Top One Thousand Individual Income Earners in Singapore (Breakdown in terms of Educational Levels and Age Groups)

28 February 2012

Topics

Tax-Related (Income Tax)

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Date: 28 February 2012

To ask the Deputy Prime Minister and Minister for Finance:

If he can provide a breakdown of the top 1,000 Singaporean individual income earners based on tax returns for the Year of Assessment 2011, segmented by number and percentage of the highest educational qualification obtained and the age group to which each of them belongs.

Reply by DPM and Finance Minister Tharman Shanmugaratnam:

The Inland Revenue Authority of Singapore (IRAS) does not collect the data on taxpayers' educational qualification in the tax returns. As for the age breakdown of the top 1,000 Singaporean taxpayers who filed tax returns for the Year of Assessment 2011, 23% are below 45 years old, 60% are between the ages of 45 and 59, and 17% are 60 years old and above.