Singapore Expats Forum

Would you be better off with the £40,000 annual salary?

Discuss about getting a well paid job or career advancement. Ask about salaries, expat packages, CPF & taxes for expatriate.

tedronwalker
Newbie
Newbie
Posts: 9
Joined: Mon, 11 Feb 2013

Would you be better off with the £40,000 annual salary?

Postby tedronwalker » Thu, 03 Apr 2014 5:49 pm

I live in the UK and am looking for a job in Singapore. I would be grateful for your advice on this question.

If you have the same £40k annual salary, where would you have a better life: the UK or Singapore?

I have done some research and it seems that the financial disadvantages in Singapore would be:

Higher cost of accommodation (apartment)
Higher cost of child's education: While you may have a free good state school in the UK, you should try to find an expensive private school in Singapore for your child.

So it seems to me that with £40k per year, I may have a worse life in Singapore. Is it true?

Thank you

katbh
Reporter
Reporter
Posts: 598
Joined: Thu, 04 Oct 2007
Location: Singapore

Postby katbh » Thu, 03 Apr 2014 7:25 pm

Singapore. Singapore also has free state schools. They teach in english and are VERY good. I would chose a local state school over an International School.

User avatar
x9200
Moderator
Moderator
Posts: 9249
Joined: Mon, 07 Sep 2009
Location: Singapore

Postby x9200 » Thu, 03 Apr 2014 7:33 pm

Very good in preparing students to win all sorts of knowledge based academic awards and pass all sorts of related tests, and hopeless in teaching students how to think independently.

singapore eagle
Chatter
Chatter
Posts: 190
Joined: Sun, 30 Jun 2013

Postby singapore eagle » Thu, 03 Apr 2014 8:46 pm

There are all sorts of variables here:

- the UK is a big place and £40k buys you much more the further you move away from London. There aren't the same opportunities in Singapore.
- is a car essential to you? Cheap in the UK, but a good chunk of that £40k in Singapore.
- more generally, do you live a frugal life or are you an aspirational consumer? The former is possibly easier in Singapore, the latter more challenging.
- are your kids going to go to the local govt state schools or are you forced in one of countries to go private?
- are you in good health? Advantage UK if not.

I don't think it's possible to give a definitive answer.

AngMoG
Reporter
Reporter
Posts: 609
Joined: Wed, 17 Apr 2013

Postby AngMoG » Thu, 03 Apr 2014 8:47 pm

Definitely UK. You get low taxes here, but the costs of a lot of things are a lot higher...

Beeroclock
Reporter
Reporter
Posts: 718
Joined: Thu, 31 Oct 2013

Postby Beeroclock » Thu, 03 Apr 2014 9:49 pm

singapore eagle wrote:There are all sorts of variables here:

- the UK is a big place and £40k buys you much more the further you move away from London. There aren't the same opportunities in Singapore.
- is a car essential to you? Cheap in the UK, but a good chunk of that £40k in Singapore.
- more generally, do you live a frugal life or are you an aspirational consumer? The former is possibly easier in Singapore, the latter more challenging.
- are your kids going to go to the local govt state schools or are you forced in one of countries to go private?
- are you in good health? Advantage UK if not.

I don't think it's possible to give a definitive answer.

+1

Yahaan
Member
Member
Posts: 30
Joined: Wed, 02 Apr 2014

Postby Yahaan » Fri, 04 Apr 2014 1:24 am

For a person from a neutral country i.e. neither UK nor Singapore, its a valid comparison. But, since you are from the UK, why would you move to a foreign country for the same salary? Its a bad deal, same case for a Singaporean earning 80K SGD here moving to UK for 40K GBP, its going to be even worse.

User avatar
nutnut
Manager
Manager
Posts: 1850
Joined: Thu, 24 Nov 2011
Location: The Mainland....

Postby nutnut » Fri, 04 Apr 2014 10:21 am

I suppose it depends if you like the UK or not?

If you dispise the crime, politics and weather then I'd go for Singapore. If not, then I think you will get a lot more for your money in most of the UK (i.e. not London).
nutnut

User avatar
proxymoron
Regular
Regular
Posts: 99
Joined: Sat, 15 Oct 2011

Postby proxymoron » Fri, 04 Apr 2014 11:24 am

AngMoG wrote:Definitely UK. You get low taxes here, but the costs of a lot of things are a lot higher...


+1

40k (S$80k) is bare minimum (or below that) to survive in Singapore on an expat lifestyle. Nowadays it wouldnt even be good enough to get your Employment Pass approved, if you are looking to get one.
Good judgement comes from experience, and experience comes from bad judgement.

User avatar
martincymru
Chatter
Chatter
Posts: 444
Joined: Thu, 16 Oct 2008
Location: out & about

Postby martincymru » Fri, 04 Apr 2014 12:19 pm

Start point is "if an Asian can do your job, you will not wish to come here"

User avatar
Addadude
Reporter
Reporter
Posts: 685
Joined: Fri, 26 May 2006
Location: Darkest Telok Blangah
Contact:

Postby Addadude » Fri, 04 Apr 2014 12:42 pm

proxymoron wrote:
AngMoG wrote:Definitely UK. You get low taxes here, but the costs of a lot of things are a lot higher...


+1

40k (S$80k) is bare minimum (or below that) to survive in Singapore on an expat lifestyle. Nowadays it wouldnt even be good enough to get your Employment Pass approved, if you are looking to get one.


Er £40k per annum is a LOT more than S$80k. Closer to S$120k. Depending on your personal circumstances (single/married/with/without kids) you can have a pretty decent lifestyle here.
"Both politicians and nappies need to be changed regularly, and for the same reasons."

User avatar
proxymoron
Regular
Regular
Posts: 99
Joined: Sat, 15 Oct 2011

Postby proxymoron » Fri, 04 Apr 2014 12:59 pm

Addadude wrote:
Er £40k per annum is a LOT more than S$80k. Closer to S$120k. Depending on your personal circumstances (single/married/with/without kids) you can have a pretty decent lifestyle here.


XE website says it is just less than S$84K, where did you pick your data from?
The highest GBP went against SGD in last 2 years was 1GBP=2.2SGD which still work outs to S$88k.
Good judgement comes from experience, and experience comes from bad judgement.

User avatar
Addadude
Reporter
Reporter
Posts: 685
Joined: Fri, 26 May 2006
Location: Darkest Telok Blangah
Contact:

Postby Addadude » Fri, 04 Apr 2014 1:11 pm

Oops my bad. Shows how long it's been since I was last in the UK. Then I take it back. For $80k a year it's not really worth the OP's while relocating here. Especially if there are dependents involved.
"Both politicians and nappies need to be changed regularly, and for the same reasons."

Primrose Hill
Chatter
Chatter
Posts: 433
Joined: Tue, 05 Aug 2008

Postby Primrose Hill » Fri, 04 Apr 2014 2:57 pm

Its not that clear cut. Yes, why do you want to move from UK to SG for the same salary?
What is the driver for the move?

korrpui
Newbie
Newbie
Posts: 12
Joined: Mon, 07 Apr 2014

Postby korrpui » Mon, 07 Apr 2014 4:18 pm

honestly, I would not come to SG on an 80k salary. Reasons already detailed above.

Salary after tax in UK - Approx £2,600 per mth after tax
SG on 80k - SGD6,300 after tax

You will be much better off in UK unless you are willing to go local - stay in HDB (council) flats, have your meals at the food centres instead of restaurants, have local meat instead of air-flown Aberdeen Angus. kids will have to go local schools. A HDB rental flat will cost you $2-$3k if you want the whole flat, and with 3 bedrooms.

For a local who is used to it, the above is adequate. Even though I have done very well in London, I would still be able to go back and live on an SGD80k a year in SG because, well, I have done the local circuit, plus my friends and parents live like that as well. I will also be able to use my pension to fund a HDB flat, making my cash outlay for accomodation zero (or very close to it).

Do think very hard. It is quite do-able if you want to go to SG for other reasons than financial gain, and your mind is open enough to "go local".

As Primrose Hill above has tried to advise.... what's your main driver for making the move? Money? Career advancement? Chance to see the world?


  • Similar Topics
    Replies
    Views
    Last post

Return to “Careers & Jobs in Singapore”

Who is online

Users browsing this forum: No registered users and 1 guest