Compare taxes and see how much you save moving from Australia to Singapore
Australia has progressive income tax rates from 0% to 45% plus 2% Medicare levy (47% total), while Singapore charges 0-24% (lowest high-income tax globally). Singapore saves $21,000/year on $100K salary, BUT Australia requires employers contribute 11.5% superannuation ($11,500/year on $100K) which is YOUR retirement money. Cost of living: Singapore 15% more expensive than Sydney (already expensive). Both offer high salaries (Singapore finance higher, Australia mining/resources competitive). Australia wins for lifestyle (beaches, space, work-life balance). Singapore wins for career (Asia hub, finance center, tax efficiency for ultra-high earners).
Progressive
0-45% + 2% Medicare levy
Progressive (Low)
World's lowest high-income tax
At $100,000 income:
That is $1,750/month back in your pocket!
| Income | AU Tax | SG Tax | Savings | 10-Year |
|---|---|---|---|---|
| $50,000 | $8,717 | $1,550 | $7,167 | $71,670 |
| $100,000 | $24,967 | $6,350 | $18,617 | $186,170 |
| $200,000 | $67,232 | $22,850 | $44,382 | $443,820 |
| $500,000 | $212,232 | $97,850 | $114,382 | $1,143,820 |
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Work Remotely in APAC →Australia employers must contribute 11.5% of salary to superannuation (retirement fund) ON TOP of salary. On $100K salary: Tax $24,967 (25%), Super $11,500 (11.5%). Net: $75,033 take-home + $11,500 super = $86,533 total compensation. Singapore $100K: Tax $6,350 (6.35%), Net $93,650 take-home. Difference: Singapore $7,117 more take-home annually. BUT Australia super compounds over 30 years = $800K+ at retirement (yours). Singapore: Must save manually (no forced savings). For young workers prioritizing cash now: Singapore wins. For long-term wealth building: Australia super advantage massive.
Singapore wins for ultra-high earners: On $500K salary: Australia tax $212K (42%), Singapore $98K (19.6%). Saves $114K/year. Plus Singapore 0% capital gains (stock options, investments tax-free). However, Australia super: $500K salary = $57,500/year super contribution (employer funded). Over 10 years: $575K super (+ growth = $800K+). Trade-off: Singapore gives cash now ($114K/year savings). Australia builds retirement wealth ($57.5K/year forced savings). Choose Singapore for: Maximizing current income, capital gains heavy income, short-term (5-10 years). Choose Australia for: Long-term career (20+ years), retirement security, lifestyle.
Yes, heavy AU → SG migration for careers. 2023: 28,472 Australians moved to Singapore (vs 8,204 SG → AU), net gain of 20,268 for Singapore. Migration drivers AU → SG: Higher finance salaries (Singapore $200-400K vs Sydney $150-250K), 24% tax savings, Asia hub proximity, career growth (meritocracy). Reverse migration SG → AU: Lifestyle (beaches, space, work-life balance), raising families (better schools, outdoor activities), buying property (Singapore too expensive for property ownership). Popular pattern: Work Singapore 5-10 years (save $100-200K with low tax), return to Australia to buy house + family (use Singapore savings for deposit).
Singapore wins for: Career (finance hub, Asia gateway), taxes (24% vs 47%), safety (#1 globally), efficiency, meritocracy. Sydney wins for: Lifestyle (beaches, Harbour Bridge, outdoor culture), space (houses vs tiny flats), work-life balance (38 hour weeks vs 50), Medicare (universal healthcare vs pay-as-you-go). Cost: Both expensive (Singapore 15% more). Salaries: Singapore finance higher ($200-400K vs $150-250K), Australia mining competitive. Quality of life: Sydney ranked higher (#4 globally vs Singapore #9). Choose Singapore for: 20s-30s career building, finance industry, Asia exposure, tax optimization. Choose Sydney for: 30s-40s families, lifestyle priority, beach culture, space, long-term settlement.