$SD53000/Year enough for single Indian moving to singpr?

[jefferysavio]

For a Single guy its plenty, though you may have to take shared accommodation, to save on costs. living accommodation being the most expensive.
You can find a place sharing from anything between 500$ to 1500$ for a single room 1500$ master bedroom you would expect the Ritz. Sharing with Indian family is much cheaper than sharing with Expats from other parts of the world. So you are luckier than most because there is an Indian Community.

Frugal living is key to being a millionaire, and staying one

I'm not in the industry, but I do know a local grad is on 2000 - 2400 starting, so 4400 sounds pretty okay.

Try and get them to pay for your flight over though

or a return ticket home every year.

Thanks KSL...

Although I am looking to share an accomodation, my preference was to rent a 1BHK sorts house/aptmt. which was non sharing and without owners....but I am not sure how easily avlble that is...

How easily do u think Indian or Singpre families accept Indian professionals to take on rentals? Can I do the house hunting without an agent to avoid his fees? Or does the agent provide a sort of guarantee of tenant and is thus preferred by most landlords?

Again, sorry if I'm putting too many queries bt I am hard pressed on deciding this fast...and have no clue how i will land up in Singapore without a house

Any extra suggestions are always welcome...

Thanks in advance,
Jeff

[jefferysavio]

@ jefferysavio....i am giving u a rough estimate of our monthly expenses hope this may help u a bit...all these expenses are for the 2 of us
1.grocery 350-400 mth - we eat out only 1-2 times a week
2.electricity + water- 100/mth
3. internet + cable - 95/mth have subscribed to lot of channels
4.mobile - iphone for hubby 46/mth
5.eat out- 200 month
6. transport- 250 month- we use cab on weekends
rent you can budget around 1500 month
since the above expenses are for the 2 of us you can pretty much calculate expenses for yourself also in our case i am at home full day so tv/internet/electricity all being used more.I don't know how much you earn at the moment but with the salary being offered you can save a lot especially if you are able to pay less on the rent as at the moment rental markets are at the peak.Hope this helps and all the very best.PM me if you need any more info

Thanks alot MPP....

I am a single guy so can I take the liberty of simply halving the expenses that u gave...???

As I said in my replies below, I am looking to rent a 1BHK kind apartmnt but if thats not available, I am open to share accomodation with families/professionals...But considering sharing option, what is the MAXIMUM that I can expect to pay for a good bedroom, loo and shared kitchen & hall.

Quoting u:
1.grocery 350-400 mth - we eat out only 1-2 times a week - I will mainly rely on either hawker foods or McDonalds etc but certainly no fancy eatings (unless on a date )

2.electricity + water- 100/mth - I thought that was already included in most rentals? Isnt it? So for a, say, 1000$ shared accomodtn. the elect/water will not be inclusive?

3. internet + cable - 95/mth have subscribed to lot of channels - Though I dont have a laptop right now, I might consider buying one once in Singapore to entertain and connect. But Tv expense - dont think will [/i]buy a tv so cable charges will basically goto landlord..

4.mobile - iphone for hubby 46/mth - I will need a basic phone non fancy but yes connection to speak with my family in India - any idea hw mch approx expense on that?

5.eat out- 200 month - I dont plan to eat that much out

6. transport- 250 month- we use cab on weekends - I will rely on public transport on most days, unless running late or missed one...so how much will I spend on that approx.?

Thanks in advance for helping Mpp...

Jeff

[jefferysavio]

Hi Guys,

I have been recently offered a position of senior analyst in a research firm with a salary of ~ 53000$

I would like to know few things:

1. How good/bad is this salary as per Singapore standards? How much approx will I get in-hand?

2. For a single person, how much will a moderate standard of expense be for:
- Rental (1Bedroom, Hall, Kitchen, loo, all non-shared - nothing too fancy but not too shoddy as well)
- Food/Groceries
- Water/Electricity Charges/Security by landlord
- Travel expenses to work by bus
- Telephone (mobile)
- Tax amount approx on this salary
- Personal miscellaneous (clothing, once a while outings, movies etc)

I have asked the company the same questions but they have been very selective in answering these queries and therefore I am very skeptical of accepting this offer.

Since I will leave my present job of 3+ years and my country, I really need to know these details.

I will really appreciate any idea or help in the above from you guys.

Thanks in advance

J

p.s. There are no relocation expenses being paid to me

...Take off maybe 200 a month for the tax.

I read and am being told by my employer that since I will be joining in Dec, I wont be liable for tax and that tax for the first year is 0%...is it true?

[sundaymorningstaple]

For the month of December your employer is right. However, at the end of 183 days you will be liable for the taxes on December's salary as you will then be here long enough that all your income becomes taxable and you would need to file an amended return in order to pay the taxes on December. The no tax thing is for those who are not in Singapore more than 60 days. during the tax year (short term employment). However, if you are here on an employment pass that is valid for more than 6 months you will be considered resident from the get-go so in that case you employer is wrong and you would be taxed on December's salary (however, unless you earn more than 20K/month you wont have any tax liability) - all technicalities. Unless you work more than 60 days and less than 183 days (then you would be taxed 15% outright on your gross salary from the day you started - not good, so don't blow your employment and get fired! )

http://www.iras.gov.sg/irasHome/page.aspx?id=9790

[jefferysavio]

Hi Guys...

just an update...

my office is in Raffles Place, Chevron House....Would you say this is out of town/city area or right in middle.

Also, which areas would be good for renting a decent but not extravagant accomodation, preferably 1BHK (I'm writing this a bit too much now )

Any suggestions are welcome...

Thanks again,
Jeff

[JayCee]

Hi Guys...

just an update...

my office is in Raffles Place, Chevron House....Would you say this is out of town/city area or right in middle.
Jeff

Come on, are you seriously telling me you can't figure that out? And someone is actually going to pay you to work for them? Gotta love that foreign talent

[durain]

Hi Guys...

just an update...

my office is in Raffles Place, Chevron House....Would you say this is out of town/city area or right in middle.
Jeff

Come on, are you seriously telling me you can't figure that out? And someone is actually going to pay you to work for them? Gotta love that foreign talent

LOL!!!

i know a chevron house in batam! so i would say it is far far away.

[jefferysavio]

Hi Guys...

just an update...

my office is in Raffles Place, Chevron House....Would you say this is out of town/city area or right in middle.
Jeff

Come on, are you seriously telling me you can't figure that out? And someone is actually going to pay you to work for them? Gotta love that foreign talent

jaycee....come on buddy...what i really meant was how expensive-cheap will the accomodation be in that area since I've heard rent goes higher as one is closer to the city/centre...

how am i supposed to know exactly which is the business centre/areas and which is more out of town kinds....

and just fyi, from the MRT routemap It figures that raffles falls on outskirts...but again not sure if thats the business/office focused location or more residential...

never mind..

try coming to India once for work...let me see the 'foreign talent' quotient going down in sweats (no hard feelings)

[sundaymorningstaple]

Any idea what CBD means?

[JayCee]

Hi Guys...

just an update...

my office is in Raffles Place, Chevron House....Would you say this is out of town/city area or right in middle.
Jeff

Come on, are you seriously telling me you can't figure that out? And someone is actually going to pay you to work for them? Gotta love that foreign talent

jaycee....come on buddy...what i really meant was how expensive-cheap will the accomodation be in that area since I've heard rent goes higher as one is closer to the city/centre...

I wasn't referring to your question on rents, just simply whether Chevron House, Raffles place is in the centre or outside of the city. With all the information freely available just by using google, you seriously weren't able to figure that out?

This came up when I googled, it took all of 5 seconds

http://en.wikipedia.org/wiki/Chevron_House

And I've been to India for work before, never again.

[x9200]

Gosh, we should warn them.

[jefferysavio]

Come on, are you seriously telling me you can't figure that out? And someone is actually going to pay you to work for them? Gotta love that foreign talent

jaycee....come on buddy...what i really meant was how expensive-cheap will the accomodation be in that area since I've heard rent goes higher as one is closer to the city/centre...

I wasn't referring to your question on rents, just simply whether Chevron House, Raffles place is in the centre or outside of the city. With all the information freely available just by using google, you seriously weren't able to figure that out?

This came up when I googled, it took all of 5 seconds

http://en.wikipedia.org/wiki/Chevron_House

And I've been to India for work before, never again.

Well...its just a matter of perception then....I meant to ask abt the location w.r.t. renting prices...and you took it literally...thats fine...it happens


regarding India, you probably went to the wrong places to work or in wrong era...you should come visit the new tech parks and offices....but anyways, each nation has its follies...its wrong to compare and judge...

But the office building in that wiki link seems pretty cool and tall

I just hope my office is as cool too....

Thanks again.
J

[jefferysavio]

guys,

I need some help regarding tax info:

Since I will be working in Singapore in 2010 for only 1 month i.e. December (<183 days factor) will my salary for Dec 10' be taxed in 2011 computation? And that too at 15% (Non resident rate)?

I am confused about this as this would mean a deduction of 600$SD from my Dec salary or later in 2011...

Any help as usual is appreciated...

Thanks
Jeff

[Saint]

guys,

I need some help regarding tax info:

Since I will be working in Singapore in 2010 for only 1 month i.e. December (<183 days factor) will my salary for Dec 10' be taxed in 2011 computation? And that too at 15% (Non resident rate)?

I am confused about this as this would mean a deduction of 600$SD from my Dec salary or later in 2011...

Any help as usual is appreciated...

Thanks
Jeff

SMS has answered this quite comphrensively further up the thread

[JayCee]

Well...its just a matter of perception then....I meant to ask abt the location w.r.t. renting prices...and you took it literally...thats fine...it happens

I give up