Bank bonuses in Singapore lag those in other key hubs
London, Wall Street bankers better off even after deducting high income tax
Add BT as a preferred source[SINGAPORE] Singapore may be the region's financial centre, but the bonuses paid to those working in banks here are the smallest among the key hubs, a survey has found.
Even after taking into account the low income tax rate here (20 per cent) and the higher rates in the United Kingdom (45 per cent) and the United States, bankers in London and Wall Street are still better off post-tax than their counterparts in Singapore.
Here are some numbers from the global bonus survey by financial services online career site eFinancialCareers: The average bonus in the UK this year, based on 2013's performance was US$98,121; in the US, it was US$72,873, and in Australia, US$41,217.
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