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housing allowance

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housing allowance

Postby Busguide » Wed, 29 Sep 2004 7:38 pm

Could someone tell me whether the company will stop paying housing allowance if I buy an apartment in Singapore?

Thank you.

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Joined: Sun, 11 Apr 2004
Location: Singapore

Postby Bafana » Thu, 30 Sep 2004 11:05 am

Depends on the company.

Alot of the banks, financial and american companies will - But others do not as a rule lease an apartment for you.

You will hwoever be able to negotiate into your package a certain amount which will be earmarked in your contract as housing but will be paid as income. The tax laws here don't allow them to be seperated as they see it as a direct income for you and you will be taxed on it (Unless the flat and payments are made directly by your company).

Best bet is to negotiate with your employer - Don't forget flights homw, health insurance, super annuation, etc whilst your at it.

Good luck :wink:


Thank you, Bafana.

Postby Busguide » Fri, 01 Oct 2004 4:26 pm

Thanks for your answer. That's comfort me. My housing allowance is included in the income:)

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