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by sundaymorningstaple » Tue, 05 Feb 2008 8:25 pm
As long as they are not on "S" or "WP" passes, there are no monthly levies. They cannot contribute to CPF so as far a Government costs are concerned about the only additional cost would be the Skills Development levy but considering that both are earning more than 2000/mo then they will not be paying that either. Medicals, if required are a one time cost and normally only cost around $50.
You have already taken into consideration the 13th month bonus which is optional anyway.
The only other direct cost is the cost of any perks that you may be providing such as housing and/or transport allowances, training allowances, or the cost of providing Insurance/medical benefits, home leaves tickets, schooling and the rest.
Regarding perk cost calculations, this is up to the employer. They may provide outright or subsidize. Training allowances as per company SOP. Same with Group Insurance/medical as per company policy. Home leave/schooling if provided would have to be negotiated I would think.
Regarding the PR, You do not need the expat perks side of the costs at all, as they would normally provide their own once the become a PR. You would need the Insurance/medical/training costs depending on your company policy.
The cost of employer CPF contributions for a PR would depend on the length of time that person has been a PR. If they are a citizen or a PR with more than 24 months as a PR the rate of employers contributions would be 14.5% of gross income per month on a cap of $4,500/mo salary. For PR's with less than two years it is graduated rate between 4%-9% (1st & 2nd year of PR) of up to the $4,500/mo. salary cap. ($8483/year max at the full rate of 14.5%) ((12x$4500)*14.5%=$7830 & (1x$4500 (additional income)*14.5%=$652.50)
sms
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