Advice Required

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BLURAY
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Advice Required

Post by BLURAY » Thu, 22 May 2008 11:57 pm

Hi, I have been offered a permanent job in singapore and a salary of 3500 PM have been told. I would like to know whether this amount of salary will be sufficient for living in singapore for a people of two and assuming that I will take a 2bhk for rent however will prefer 1bhk. how much will be deducted as income tax?? how much will I be able to save keeping insight that not overspending.

I dont have any school going kids. Also can my wife get a job there as she will be having a dependent pass...so how can she obtain a employment pass as a teacher there.

Pls reply as I have to decide soon on this.

Any advice is appreciated.

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jpatokal
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Post by jpatokal » Fri, 23 May 2008 1:18 am

Well, you didn't tell us what your job is, so it's hard to say if that's fair value or not. However, these days that's definitely at the lower end of the expat salary spectrum, and you would need to live in an HDB to achieve even a moderately comfortable lifestyle for two.
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durain
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Post by durain » Fri, 23 May 2008 2:19 am

1 bedroom apartment is not plentiful and 2 bedroom going price is about S$1800 onwards per month.

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ksl
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Re: Advice Reqd!!

Post by ksl » Fri, 23 May 2008 3:10 am

BLURAY wrote:Hi, I have been offered a permanent job in singapore and a salary of 3500 PM have been told. I would like to know whether this amount of salary will be sufficient for living in singapore for a people of two and assuming that I will take a 2bhk for rent however will prefer 1bhk. how much will be deducted as income tax?? how much will I be able to save keeping insight that not overspending.

I dont have any school going kids. Also can my wife get a job there as she will be having a dependent pass...so how can she obtain a employment pass as a teacher there.

Pls reply as I have to decide soon on this.

Any advice is appreciated.
Your cultural background and need to integrate into local lifestyle is vital, on this income, you can both manage ok, it will not be easy for the DP holder to find employment.

You can still find HDB cheaper than 1800, if you take your time, to find one. Our first apartment was 1800 sq ft for 800$ although prices have shot up since 2005, but i have heard locals, say they would rent out cheaper.
There can be some difficulties in renting, because of different food cultures, and quota's

BLURAY
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Tax deduction?

Post by BLURAY » Fri, 23 May 2008 9:29 pm

jpatokal wrote:Well, you didn't tell us what your job is, so it's hard to say if that's fair value or not. However, these days that's definitely at the lower end of the expat salary spectrum, and you would need to live in an HDB to achieve even a moderately comfortable lifestyle for two.
The job is related to as an engineer for customer support in the marine sector. Its not related to IT or software sector....
Any idea as to how much will a 2bhk will cost in the jurong/tuas or boonlay area and how good are these area's.
How much is the tax deducted and how it is done?

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durain
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Re: Tax deduction?

Post by durain » Fri, 23 May 2008 11:06 pm

BLURAY wrote:How much is the tax deducted and how it is done?
before you accept the job, did you not ask them? what if the tax is 90%?

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jpatokal
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Re: Tax deduction?

Post by jpatokal » Fri, 23 May 2008 11:44 pm

BLURAY wrote:The job is related to as an engineer for customer support in the marine sector. Its not related to IT or software sector....
Any idea as to how much will a 2bhk will cost in the jurong/tuas or boonlay area and how good are these area's.
How much is the tax deducted and how it is done?
There are no "bad" areas in Singapore.  Jurong/Tuas/Boon Lay are new-ish, bland, and fairly far from the center so rents are on the cheaper side.

You can see the exact tax formulas on the IRAS site, but basically you'll be paying under 10%. Taxes are not deducted automatically; instead, they're payable in monthly installments the year after you're assessed.
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BLURAY
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Re: Tax deduction?

Post by BLURAY » Fri, 23 May 2008 11:45 pm

durain wrote:
BLURAY wrote:How much is the tax deducted and how it is done?
before you accept the job, did you not ask them? what if the tax is 90%?
But is it not according to the singapore laws?????
or it is different and according to the company?

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gonzales
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Post by gonzales » Sat, 24 May 2008 1:57 pm

Bluray,

I'm sure it is possible to live on this however you may not have the lifestyle to which you may be accustomed.

I would not move to Singapore for this, but thats just me.

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