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Is 3500 S$ affordable salary..?

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prakzx
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Is 3500 S$ affordable salary..?

Postby prakzx » Fri, 03 Oct 2008 7:34 pm

Hi,

i got offer for citibank client, They have offered 3500 S$.


I have 3.5 yrs exp in Networks.Please tell me if they have offered right salary?

Please guide me how much expense req for housing and fooding..

Thanks,
prakzx
prakzx

Hithnar
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Postby Hithnar » Sat, 04 Oct 2008 12:22 am

If you have a recognized degree and experience, I'd say it's quite a medium salary, however if your needs aren't high, it could be quite sufficient.

I know most expats opt for a condo, pool, maid and frequent trips home, but if you can survive renting a common room in HDB (around 600-700$), eat cheap and keep your shopping moderate (something around 700$.. sounds harsh, but it is doable), use public transport, and cut on phone bills, you will be able to save quite a nice sum monthly. Also check how much tax would you be paying.

If you don't want to save money, and are on your own, I'd say you could afford a moderately comfortable life. But, as I said, it's all about the needs.

prakzx
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Postby prakzx » Sat, 04 Oct 2008 12:28 am

I have been told, tax will be...15% for some time...and after that 7-8%.

i dont smoke or drink and i can stay in shared apartment...

i hve been told fooding and lodging costs total around 1500 S$.


Plz tell me if these stats are correct.

Many thanks for ur advice...
prakzx

loepis2154
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Postby loepis2154 » Mon, 06 Oct 2008 10:17 am

depends on your work pass & life style. but i think 3500 is enough for living and saving too. you are single, aren't you?

prakzx
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Postby prakzx » Mon, 06 Oct 2008 10:36 am

m single, non smoker and dont drink.
prakzx

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Postby sundaymorningstaple » Mon, 06 Oct 2008 11:21 am

If you listen to Hithnar you will be fine. As a non-smoker & non-drinker two of the highest costing habits are eliminated. If you are a vegan as well, your food costs will come down some also. If you tend to eat your ethnic variety of food and stay away from fast food joints you will be alright as well. You should be able to save at least a third of your salary I would think. The 15% tax will only effect you if you stay here less than 183 days but more than 60 day. Once you have exceeded 183 days you will be taxed at local resident rates for the whole period of your stay. Allowing for 1 month annual wage supplement (bonus) at the end of the year, your tax liability should only amount to around 1,094.00 for the year. Assuming you left after 180 days (less than 183 days) your tax liability would be around 3,150.00 on 6 months of income.

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Postby madura » Tue, 07 Oct 2008 7:01 pm

I know non-locals who can do with a salary lower than that, so yes, it is definitely a decent salary if you don't have an extravagant lifestyle.

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Postby blue_thunder » Thu, 09 Oct 2008 5:53 pm

one more point to be noted...if you stay for less than 183 days and your total income is less than 20/22 K then you do not have to pay any taxes....thats how i escaped last yr...

so it shud do..if you are single and nt a spendthrift then u can have some decent savings...

Cheers..
~ I don't want to be a product of my environment, I want my environment to be a product of me


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