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Learning about Singapore

Moving to Singapore? Ask our regular expats in Singapore questions on relocation and their experience here. Ask about banking, employment pass, insurance, visa, work permit, citizenship or immigration issues.

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Singway
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Posts: 2
Joined: Wed, 08 Mar 2017 3:03 am

Learning about Singapore

Post by Singway » Wed, 08 Mar 2017 4:01 am

Dear all,

Hope you're all well.
I'm from Portugal.

I wonder if you can help me out regarding living in Singapore.
I was in Singapore last February and I was invited to apply for a job in the aerospace industry in Singapore.

I searched the internet for information regarding the cost of living in Singapore and came across with a range of numbers.
Still, some questions need more than an internet search.

- Health insurance?
- What about income tax?
- Are there any public pension schemes or other? Can a foreign contribute even if non-resident?
- Any deductible expenses? Say accommodation rent? Other?
- Can one work under a local contract and be considered a non-resident for tax purposes if away more than 183 days?

I've learned that Singapore is rather expensive. But then again it all depends on your lifestyle.

I'm looking to learn as much as possible before making up my mind.

Thanks for coop.
Kind regards,

Pedro

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PNGMK
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Posts: 7568
Joined: Thu, 21 Mar 2013 9:06 pm
Location: Sinkapore

Re: Learning about Singapore

Post by PNGMK » Wed, 08 Mar 2017 8:41 am

Singway wrote:Dear all,

Hope you're all well.
I'm from Portugal.

I wonder if you can help me out regarding living in Singapore.
I was in Singapore last February and I was invited to apply for a job in the aerospace industry in Singapore.

I searched the internet for information regarding the cost of living in Singapore and came across with a range of numbers.
Still, some questions need more than an internet search.

- Health insurance? yes you need it
- What about income tax? www.iras.gov.sg shows the tax tables
- Are there any public pension schemes or other? Can a foreign contribute even if non-resident? No but you can contribute towards SRS (google it)
- Any deductible expenses? Say accommodation rent? Other? Some relief for a spouse/children. Nothing else.
- Can one work under a local contract and be considered a non-resident for tax purposes if away more than 183 days? Why would you want that? It means you must be paying tax in a much higher rate country.

I've learned that Singapore is rather expensive. But then again it all depends on your lifestyle.

I'm looking to learn as much as possible before making up my mind.

Thanks for coop.
Kind regards,

Pedro
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!

brian_singapore
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Posts: 368
Joined: Mon, 29 Jul 2013 10:43 pm

Re: Learning about Singapore

Post by brian_singapore » Thu, 09 Mar 2017 8:18 pm

All of these answers are available from the relevant ministries.

A quick search on google and you'd find an income tax calcualtor published by IRAS including all of the relevant deductions available.

Healthcare - You'll need private coverage, most MNCs offer a health plan.

Pension - SRS (Supplementary Retirement Scheme), CPF for PR & SC

Singway
Newbie
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Posts: 2
Joined: Wed, 08 Mar 2017 3:03 am

Re: Learning about Singapore

Post by Singway » Fri, 17 Mar 2017 8:31 pm

Thanks for the help.

I'll explore your hints e suggestions.

Cheers,

Pedro

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