Hi all,
I've just got a job offer in singapore, OK package, bout SD180,000 per annum. I'm crunching some numbers to see if it make sense (financially) to make the move. A couple of questions:
1) Since its a full time employment (which means I'll be there more than 183 days a year) I'll be considered a tac resident, right? That means I'll be taxed as per the resident? I'm still single so not much tax relief or rebates to look out for. Any tax loop-holes for singles?
2) What about the CPF? Is it advisable for a foreigner to contribute to it? To get the tax relief I mean. But then its stuck there till I'm 55!! Not sure I'll like that much
3) If the emplyer is kicking in the CPF at 13% does that mean that i'll have to contribute to the CPF as well (to enjoy the 13%)? And is the 13% contributed by my employer taxable (on my income)? I read somewhere that it is.
Thanks in advance!
Brian