Hi Seniors please advice me.

Im planning to find ajob in Sg like you guys but many people advice me say the situation will be the same as getting a job in Malaysia. Meaning I wont be able to save much because the living cost in Sg is high and then when deduct income tax and eveything left very little to save. Is this the case?

no ak... last time i can save 500 sgd per month... when convert bak i got 1k ++ rm liow o... if cannot save den why pple wanna work here... juz my thought la...

Sorry my mistake...I'm bringing back to kl...
Not to Sg

No what they mean is if work Malaysia can stay wif parents and stuff so save on these kind of things. Then example can save rm1k la.

But work Sg then need rent house and other things then maybe get to save SGD500.

When sum up, dont really get much compare to work malaysia.

Is this true?

To answer ur question, it think it is best for u to list down all the money spending while u work in malaysia.

Lets set a condition and situation and u try add in all the cost u stay at malaysia, then we try to add in the cost we stay in singapore.

Condition: You work in singapore, u earn 2.5k SGD per month where as in malaysia u also earning 2.5k RM per month.

For my case: 2.5k in singapore
rental = 380 - 500 (lets make it 500)
food and transport = 400 per month. (I dont like to go out often, rather than a home type guy)
_______________________________________
total spend per month = 900 SGD
total earned per month = 2500 SGD
_______________________________________
total saved = 1600 SGD ( 3840 RM per month, assume 2.4 currency exchange)

Note: These are just a rough figure, my saving per month should be around 1.4k to 1.6k without prob.

Now, how bout ur stories in malaysia?

[quote=WintersuN,Mar 17 2011, 08:14 PM]
No what they mean is if work Malaysia can stay wif parents and stuff so save on these kind of things. Then example can save rm1k la.

But work Sg then need rent house and other things then maybe get to save SGD500.

When sum up, dont really get much compare to work malaysia.

Is this true?

[/]

You will get myriad of answers. But I assure you make the transition and it will turn out just fine.

Just to share with you a lil bit of my observation.

Jobs are plentiful in Sg. Unfortunately if you are the sandwiched class - the class I refer to as fresh grad or less than 5 yrs exp, with dodgy certs, it's gonna be a roller coaster ride. Basically this class is interviewed by the hiring company but assessed and hired by the government. Very implicit observation but if you stay long enough in Sg you will understand.

Nonetheless, don't take the forumers comments too seriously. Afterall you are the master of your own destiny.

Ok thanks for the advice. I think I will try for singapore. I alrrady planned earlier also just people telling me got alot expensidture then cannot save.

But u guys already somehow confirm liao shudnt be too bad

I thought it's quite easy to hit the ceiling?

true... hard to save.. because things seem so cheap... can buy digital camera for few hundred, iphone for 500, take a holiday every other month with return plane trip to most asian destinations for below a thousand.... lol

$76,500 annual income? Let me know how easy it is.

isnt that living off ur parents? expect parents to provide food, use parents car, parents to do your laundry... etc etc

Wasn't the CPF ceiling $4500 per month, and from this year $5000 per month?

How about those non-PR that doesn't contribute CPF?

Ordinary wage limit is $4500 or $6000 if you are on pension scheme. Then you have the additional wage component like your bonus etc cap at $76500 - total ordinary wage.

So even if a person salary is $1000 but bonus $60000 he still taxable for $72000.

That's what used to be before they increase the ordinary wage limit.

Hmm, can I take this to mean that although the company happily wants you on board, the government still has the final say whether to issue the necessary permits?

With so many people who are drawing millions dollar salary and keep increasing their tax free income. It is time for IRAS to increase the limit to a few millions then decrease the tax rate. That's fair for all and IRAS may collect even more money. K, my 2 cents, I am not running for election.

what if youre not a PR ? bank statements can?

more like salary payslip / income tax statement

Still have IRAS website to print out your annual contribution. If they see your cpf hit the limit, they will take your iras statement inorder to give you higher credit limit.

If one like me, about/ just starting to work in spore. Can i still log in to IRAS to print it out my past few mths statement? or have to wait for a year until I declare my income tax?

If wait for a year only can apply for one CCard, then susah la... no more autobilling....

This post has been edited by Gaultier: Mar 18 2011, 12:29 PM