Opinion on Job Offer

Samara · Post by **Samara** » Mon, 30 Jul 2007 9:50 pm

We have been offered a 3 year transfer to Singapore.
Salary of Singapore Dollars 125,000 and housing at SD13,000 per month. We are a family of 5 and school fees & medical are also included. Is this a good offer? Thanks!

ching · Post by **ching** » Mon, 30 Jul 2007 9:58 pm

Wow, I wish I had a housing allowance of 13,000 SGD a month!

MblSH · Post by **MblSH** » Tue, 31 Jul 2007 2:25 am

Hope you don't mind me asking, but you have a peculiar nickname - name of a russian city - are you from there? just curious...

As for the offer, that housing allowance is really good, so I think you should do ok with school/medical fees covered, but it really depends on your lifestyle

Cheers,
Max

Samara · Post by **Samara** » Tue, 31 Jul 2007 9:05 pm

MblSH wrote:Hope you don't mind me asking, but you have a peculiar nickname - name of a russian city - are you from there? just curious...

As for the offer, that housing allowance is really good, so I think you should do ok with school/medical fees covered, but it really depends on your lifestyle

Cheers,
Max

No, just Europe - we were offered Russia a while back mind! Thanks for yr answer - all our expenses are paid so we are very lucky. The net salary would be for food, entertainment etc - though we have a fairly low key lifestyle with 3 kids under 5!

nd168 · Post by **nd168** » Wed, 01 Aug 2007 2:53 am

you need to pay the income tax for the housing, education, etc. allowance, right?

Let me do a little calculation:

Salary = 125000 + bonus (maybe) = 150000
Housing allowance (assuming you use all) = 156000
3 kids education = 30000

total income for tax = 336000
tax = 48050 (less tax relief)

If I were you, I won't use up my housing allowance (I will just rent a 3~4K condo). It will be a different story if you don't have to pay the tax for the allowance you are entitled.

stpwds · Post by **stpwds** » Wed, 01 Aug 2007 11:37 am

CAT777 · Post by **CAT777** » Wed, 01 Aug 2007 12:04 pm

stpwds wrote:125k pa salary. ( correct if I am wrong). I am attracted to the 13k rental. but not the salary. by comparison, its disproportionate. would rather hv the 13k rental included in the salary, and rent a smaller hse.

Agreed...quiet strange offer...

Samara · Post by **Samara** » Thu, 02 Aug 2007 4:56 pm

nd168 wrote:you need to pay the income tax for the housing, education, etc. allowance, right?

Let me do a little calculation:

Salary = 125000 + bonus (maybe) = 150000
Housing allowance (assuming you use all) = 156000
3 kids education = 30000

total income for tax = 336000
tax = 48050 (less tax relief)

If I were you, I won't use up my housing allowance (I will just rent a 3~4K condo). It will be a different story if you don't have to pay the tax for the allowance you are entitled.

No, we don't pay any tax, the company pays on our behalf.
Thanks for this. Have asked for the housing to be inc in the salary
as advised and will rent cheaper place as suggested. Think we shld
be ok then....thanks.

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