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Learning about Singapore

Posted: Wed, 08 Mar 2017 4:01 am
by Singway
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

Re: Learning about Singapore

Posted: Wed, 08 Mar 2017 8:41 am
by PNGMK
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

Re: Learning about Singapore

Posted: Thu, 09 Mar 2017 8:18 pm
by brian_singapore
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

Re: Learning about Singapore

Posted: Fri, 17 Mar 2017 8:31 pm
by Singway
Thanks for the help.

I'll explore your hints e suggestions.

Cheers,

Pedro