The Prime Minister receives a total annual salary package that is set at two times that of an entry level Minister (i.e. job grade MR4), or S$2.2m. This annual salary includes the 13th month bonus, Annual Variable Component and National Bonus.  

There is no annual Performance Bonus for the Prime Minister as there is no one to assess his individual performance. But to keep to the principle of making a significant part of the Prime Minister’s total pay subject to performance, his variable pay has twice the National Bonus component compared to other Ministers, linking it to national outcomes. Find out more about the National Bonus here: go.gov.sg/nationalbonus  

The salary structure for the Prime Minister and political appointment holders is set out in a White Paper on “Salaries for a Capable and Committed Government” tabled in Parliament. The political salaries framework covers the salaries of the President, Prime Minister, Speaker of Parliament, Deputy Speaker of Parliament, political appointment holders, Members of Parliament (MPs), Non-Constituency MPs (NCMPs) and Nominated MPs (NMPs). This took effect from 21 May 2011, when a new term of Government took office. 

The political salaries framework and salaries have not been adjusted since 2011. While a review of political salaries was to be conducted approximately every five years, the Government decided not to adjust political salaries in 2017, and also deferred the scheduled review in 2023, given the uncertain environment and the downside risks in the global economy at that time. 

Find out more about the political salaries framework and MR4 benchmark: go.gov.sg/sal-whitepaper  
 
Find out more about reviews of the political salaries framework.