$100k per annum enough to rent a condo ?

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NorrinRadd
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Post by NorrinRadd » Sat, 19 May 2012 7:11 pm

You can set up a GIRO (standing instruction) to pay out your taxes monthly, which, now that I'm finally doing it, it much better than the alternative.

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carteki
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Post by carteki » Sun, 20 May 2012 1:04 am

NorrinRadd wrote:You can set up a GIRO (standing instruction) to pay out your taxes monthly, which, now that I'm finally doing it, it much better than the alternative.
Than? Remember your GIRO only pays the LAST years tax - so at any point in time you owe around 12 months of tax (remainder of prev period payment + current period accrual)

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sundaymorningstaple
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Post by sundaymorningstaple » Sun, 20 May 2012 12:04 pm

Yeah, people tend to forget that it's not PAYE like in the US that actually has a method of withholding taxes from you paycheck. Which is funny in a way as they DO use PAYE for CPF contributions.
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers

NorrinRadd
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Post by NorrinRadd » Sun, 20 May 2012 5:32 pm

Than - me having to pay it all in one shot at the end of the year when I usually have a number of other expenses. Plus it's more sensible (for me) this way to have taxes as a monthly rather than a yearly expense.

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