SINGAPORE EXPATS FORUM
Singapore Expat Forum and Message Board for Expats in Singapore & Expatriates Relocating to Singapore
How is 180k in IT with a Bank?
How is 180k in IT with a Bank?
What kind of accommodation can be afforded on a salary of approximately 180k SNG working for an investment bank in IT?
Is that a respectable salary given the living costs? Does this kind of salary make the transition seamless?
Is that a respectable salary given the living costs? Does this kind of salary make the transition seamless?
without getting into a willy waving discussion, i would say that for an "expat" worker in IT that’s middle of the road.
Without knowing(or asking) what exactly you do, i assume that that is a package that at least has some sort of health / relocation / a trip home etc etc and perhaps a bonus scheme.
If you are American you will have to pay US taxes on a proportion of that, and also carry the costs of learning how to live in a new country etc etc.
You can be more than comfortable on that rate, and can be saving money as well, depending on your lifestyle, but like all things, its also easy to spend it all.
Without knowing(or asking) what exactly you do, i assume that that is a package that at least has some sort of health / relocation / a trip home etc etc and perhaps a bonus scheme.
If you are American you will have to pay US taxes on a proportion of that, and also carry the costs of learning how to live in a new country etc etc.
You can be more than comfortable on that rate, and can be saving money as well, depending on your lifestyle, but like all things, its also easy to spend it all.
- HunBunny80
- Chatter
- Posts: 203
- Joined: Sat, 24 Feb 2007 2:56 am
your pay
An annual pay of $180 k is more than comfortable in Singapore. Let's say taking away taxes, rentals and expenditure amounting to $80. Parking away $100k for savings, you canjolly well retire in Singapore after 10 just years of work here. But if you have a luxurious life style , that will be different : )
That's how good your pay is.
That's how good your pay is.
- sundaymorningstaple
- Moderator
- Posts: 39853
- Joined: Thu, 11 Nov 2004 1:26 pm
- Location: Retired on the Little Red Dot
You didn't indicate your marital or family status. If you have school aged children, don't forget to factor in 20~25K/year per child for International Schools as well. This can knock a big chunk out of that also, as can having a car here versus public transport. allowing 80K for accommodation, taxes and so forth is on the low side. I would allow at least 100K for that. However, if you are single and want to save as much money as possible, you can easily save 130K a years or more by adjusting where you live, what you eat and how you travel.
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers
Re: How is 180k in IT with a Bank?
Impossible to know without concrete information: number of people moving, expectation of schooling if any, where are you moving from...steffi wrote:What kind of accommodation can be afforded on a salary of approximately 180k SNG working for an investment bank in IT?
Is that a respectable salary given the living costs? Does this kind of salary make the transition seamless?
Re: How is 180k in IT with a Bank?
First question: how much are you earning now?steffi wrote:Is that a respectable salary given the living costs? Does this kind of salary make the transition seamless?
Vaguely heretical thoughts on travel technology at Gyrovague
-
- Similar Topics
- Replies
- Views
- Last post
-
-
Landlord Withholding Access to Mail - Bank & Credit Cards locked away.
by kortizol » Thu, 22 Mar 2018 10:46 pm » in Staying, Living in Singapore - 3 Replies
- 5305 Views
-
Last post by JustSee
Wed, 11 Apr 2018 1:29 pm
-
-
-
How to Pay Security Deposit if You don't have a bank account?
by shpamee » Tue, 24 Jul 2018 10:54 am » in Property Talk, Housing & Rental - 1 Replies
- 1792 Views
-
Last post by bgd
Tue, 24 Jul 2018 11:50 am
-
-
-
Opening a bank account without physical EP
by 3star1980 » Sun, 16 Sep 2018 9:24 pm » in Relocating, Moving to Singapore - 6 Replies
- 3875 Views
-
Last post by 3star1980
Tue, 18 Sep 2018 6:44 am
-
-
-
Standard Chartered Bank Account?
by Mental24 » Thu, 11 Oct 2018 12:14 pm » in Relocating, Moving to Singapore - 1 Replies
- 2784 Views
-
Last post by PNGMK
Thu, 11 Oct 2018 3:09 pm
-
-
-
Foreign property mortgages from OCBC or other Singapore bank (USA property specifically)
by American » Sat, 01 Dec 2018 2:16 pm » in Property Talk, Housing & Rental - 7 Replies
- 4739 Views
-
Last post by PNGMK
Tue, 04 Dec 2018 12:45 pm
-
Who is online
Users browsing this forum: No registered users and 9 guests