Singapore Expats Forum

is this enough?

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

rac74
Newbie
Newbie
Posts: 3
Joined: Tue, 08 May 2007

is this enough?

Postby rac74 » Tue, 08 May 2007 2:02 pm

Hi all,

I've been offered a package to relocate to Singapore:
$115k base, Bonus $35k, all relo costs plus $12k USD tax free bonus, medical insurance. This is their maximum - have already nedotiated.
Plus they guarantee my job back in Australia after two years if I want to come back

Married with one and one on the way.

Concerned that this may not be enough, especially considering the current rental climate. Any thoughts ??

Thanks

Jeppo
Chatter
Chatter
Posts: 365
Joined: Wed, 14 Mar 2007
Contact:

Postby Jeppo » Tue, 08 May 2007 2:51 pm

Nowhere near enough...you need at least $100k/month to survive, even the janitor in my office is making 50k+. With children you should ask for at least 200k :shock:

Seriously, search through the forums there's tons of info on what you want to know :D

User avatar
Makan24-7
Regular
Regular
Posts: 120
Joined: Wed, 13 Dec 2006
Location: Airport Lounges and Immigration Checkpoints mostly

Postby Makan24-7 » Sat, 12 May 2007 3:18 pm

it's decent enough to live in singapore. what about the tax situation? will the company gross up on aussie taxes or singaporean taxes?

however, that said, most expat packages run above S$200k in cash value if u're in a senior mgmt/director level position.

User avatar
vix
Member
Member
Posts: 41
Joined: Thu, 03 May 2007

Re: is this enough?

Postby vix » Sun, 13 May 2007 7:03 pm

rac74 wrote:Hi all,

I've been offered a package to relocate to Singapore:
$115k base, Bonus $35k, all relo costs plus $12k USD tax free bonus, medical insurance. This is their maximum - have already nedotiated.
Plus they guarantee my job back in Australia after two years if I want to come back

Married with one and one on the way.

Concerned that this may not be enough, especially considering the current rental climate. Any thoughts ??

Thanks


Is this US$ or S$?

rac74
Newbie
Newbie
Posts: 3
Joined: Tue, 08 May 2007

Postby rac74 » Fri, 18 May 2007 6:45 am

The salary is SGD and I've been guaranteed I will be taxed as a redident.
Relocation bonus is $12k USD - and they will pay the tax

They have upped my base offer to $125 K. So total should be around
$160K SGD plus $12KUSD tax free one off payment

To me this looks ok. I'm not senior management, more middle, however career wise it will be a good move (given that I will be exposed to global markets etc) and I am guaranteed a job back home if I want to return.

Kats_
Chatter
Chatter
Posts: 213
Joined: Sun, 24 Jul 2005

Postby Kats_ » Fri, 18 May 2007 10:51 am

rac74.

Congratulations and good luck on your new job. Welcome to SG.

Kats
tonton toto, ton thé t'a t-il ôté ta toux?

rallen
Newbie
Newbie
Posts: 1
Joined: Sun, 20 May 2007

Postby rallen » Sun, 20 May 2007 2:52 pm

$125K taxed at say 15% so a net of $8850 per month? And most flats cost $3000+++ ?

User avatar
vix
Member
Member
Posts: 41
Joined: Thu, 03 May 2007

Postby vix » Sun, 20 May 2007 6:51 pm

rac74 wrote:The salary is SGD and I've been guaranteed I will be taxed as a redident.
Relocation bonus is $12k USD - and they will pay the tax

They have upped my base offer to $125 K. So total should be around
$160K SGD plus $12KUSD tax free one off payment

To me this looks ok. I'm not senior management, more middle, however career wise it will be a good move (given that I will be exposed to global markets etc) and I am guaranteed a job back home if I want to return.


sounds ok. got expats told me they earn ard 200 - 300k including housing woh. some are not really "expat" terms but convert current country pay into sg pay plus some living allowance etc. but its a good move - hope you like Sg!

renter
Chatter
Chatter
Posts: 210
Joined: Sun, 09 Jan 2005

Postby renter » Wed, 23 May 2007 11:48 am

rallen wrote:$125K taxed at say 15% so a net of $8850 per month? And most flats cost $3000+++ ?


$3000+ is not for MOST flats. They are already the high-class flats.

Most flats are about 1800-2500.

Well, if you wanna live in a presidential suite, this mere amount of $115K will never be enough! :roll:

IceWharf
Member
Member
Posts: 20
Joined: Mon, 30 Apr 2007

Postby IceWharf » Thu, 07 Jun 2007 2:30 pm

On this web site a lot of 3 br flats near the MRT seem to be 3000+.

User avatar
jpatokal
Moderator
Moderator
Posts: 3014
Joined: Tue, 09 Dec 2003
Location: Terra Australis Incognita

Postby jpatokal » Thu, 07 Jun 2007 8:22 pm

IceWharf wrote:On this web site a lot of 3 br flats near the MRT seem to be 3000+.

This is an expat site, so the accommodation listings are mostly from the higher end. I live 5 min from an MRT station two stops from Orchard and pay less than half that... but then again, nobody'd describe this place as "high end"! :shock:
Vaguely heretical thoughts on travel technology at Gyrovague

IceWharf
Member
Member
Posts: 20
Joined: Mon, 30 Apr 2007

Postby IceWharf » Fri, 08 Jun 2007 7:29 am

Hi jpatokal,
You are probably right. I've not arrived there yet (Aug) but the plan is to keep the 'at home' wife & kids happy with a nice flat with a pool.
:)

User avatar
k1w1
Reporter
Reporter
Posts: 680
Joined: Mon, 30 May 2005

Postby k1w1 » Tue, 12 Jun 2007 3:06 pm

jpatokal wrote:
IceWharf wrote:On this web site a lot of 3 br flats near the MRT seem to be 3000+.

This is an expat site, so the accommodation listings are mostly from the higher end. I live 5 min from an MRT station two stops from Orchard and pay less than half that... but then again, nobody'd describe this place as "high end"! :shock:


Well, if you look at the search function of the property section, the MINIMUM rent is now $1800, and $2000) for a house/landed property... Absolutely ridiculous considering there are properties around that are less than that, but it suggests to new expats that there aren't. :mad:

Not ranting at you (unless you are the property agent), just pointing out the dumbness...

User avatar
jpatokal
Moderator
Moderator
Posts: 3014
Joined: Tue, 09 Dec 2003
Location: Terra Australis Incognita

Postby jpatokal » Tue, 12 Jun 2007 7:24 pm

k1w1 wrote:Well, if you look at the search function of the property section, the MINIMUM rent is now $1800, and $2000) for a house/landed property... Absolutely ridiculous considering there are properties around that are less than that, but it suggests to new expats that there aren't. :mad:

Out of curiosity, can you name me a single condo in an area popular with expats (Holland V, River Valley, East Coast, etc) that's under S$1800/month and hasn't been en-bloc'd yet? There used to be tons, but things have changed...
Vaguely heretical thoughts on travel technology at Gyrovague

User avatar
k1w1
Reporter
Reporter
Posts: 680
Joined: Mon, 30 May 2005

Postby k1w1 » Wed, 13 Jun 2007 7:50 am

Expats live everywhere. I moved out to the "boondocks" and there are expats here. The search engine will still show condos and houses in all areas, but only over the preset prices, which is what I was saying.

En-bloc sucks.


  • Similar Topics
    Replies
    Views
    Last post

Return to “Careers & Jobs in Singapore”

Who is online

Users browsing this forum: No registered users and 3 guests