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Opinion on Job Offer
Posted: Mon, 30 Jul 2007 9:50 pm
by Samara
We have been offered a 3 year transfer to Singapore.
Salary of Singapore Dollars 125,000 and housing at SD13,000 per month. We are a family of 5 and school fees & medical are also included. Is this a good offer? Thanks!
Posted: Mon, 30 Jul 2007 9:58 pm
by ching
Wow, I wish
I had a housing allowance of 13,000 SGD a month!
Posted: Tue, 31 Jul 2007 2:25 am
by MblSH
Hope you don't mind me asking, but you have a peculiar nickname - name of a russian city - are you from there? just curious...
As for the offer, that housing allowance is really good, so I think you should do ok with school/medical fees covered, but it really depends on your lifestyle
Cheers,
Max
Posted: Tue, 31 Jul 2007 9:05 pm
by Samara
MblSH wrote:Hope you don't mind me asking, but you have a peculiar nickname - name of a russian city - are you from there? just curious...
As for the offer, that housing allowance is really good, so I think you should do ok with school/medical fees covered, but it really depends on your lifestyle
Cheers,
Max
No, just Europe - we were offered Russia a while back mind! Thanks for yr answer - all our expenses are paid so we are very lucky. The net salary would be for food, entertainment etc - though we have a fairly low key lifestyle with 3 kids under 5!
Posted: Wed, 01 Aug 2007 2:53 am
by nd168
you need to pay the income tax for the housing, education, etc. allowance, right?
Let me do a little calculation:
Salary = 125000 + bonus (maybe) = 150000
Housing allowance (assuming you use all) = 156000
3 kids education = 30000
total income for tax = 336000
tax = 48050 (less tax relief)
If I were you, I won't use up my housing allowance (I will just rent a 3~4K
condo). It will be a different story if you don't have to pay the tax for the allowance you are entitled.
Posted: Wed, 01 Aug 2007 11:37 am
by stpwds
tk.
Posted: Wed, 01 Aug 2007 12:04 pm
by CAT777
stpwds wrote:125k pa salary. ( correct if I am wrong). I am attracted to the 13k rental. but not the salary. by comparison, its disproportionate. would rather hv the 13k rental included in the salary, and rent a smaller hse.
Agreed...quiet strange offer...
Posted: Thu, 02 Aug 2007 4:56 pm
by Samara
nd168 wrote:you need to pay the income tax for the housing, education, etc. allowance, right?
Let me do a little calculation:
Salary = 125000 + bonus (maybe) = 150000
Housing allowance (assuming you use all) = 156000
3 kids education = 30000
total income for tax = 336000
tax = 48050 (less tax relief)
If I were you, I won't use up my housing allowance (I will just rent a 3~4K
condo). It will be a different story if you don't have to pay the tax for the allowance you are entitled.
No, we don't pay any tax, the company pays on our behalf.
Thanks for this. Have asked for the housing to be inc in the salary
as advised and will rent cheaper place as suggested. Think we shld
be ok then....thanks.