Working in UK, possible?
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 Feb 13 2008, 08:49 PM
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Junior Member
316 posts Joined: Aug 2007 From: Kuala Lumpur, Malaysia   
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QUOTE(mIssfROGY @ Feb 13 2008, 06:53 PM) wahhh......lets see, if include makan n rental and transport...left around 400pounds or less?? Hmmm singapore sounds so much better and nearer lehh... You are going for the work experience, not so much the money.btw...is that good money?? dun sound appealing to me at all  That work experience will be valuable for the future... |
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Feb 13 2008, 08:56 PM
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Junior Member
505 posts Joined: Oct 2004
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I think the common thing here is, no point working in Malaysia unless you have connections and guts to do ur own business
 I'm currently working in the UK and yes, tax is high and fr my experience for those who are earning less than 50k a yr, at least 50% will be taxed away (direct or indirect .BUT, after saying that it's more of how much you CAN SAVE instead of how much you can earn. If you can save 1k pound a mth and convert it back to Malaysia (ok la, exchange rate's dropping) = RM6k a mth, = RM72k a yr. Can you actually save this kinda money when u r in Malaysia? To some, this may be your SALARY for 1 yr or 2!!! Unless you can earn RM10k a mth in Malaysia (and if you are still young), try broadening your horizon... whether or not is UK or Europe or even SG. Remember, you only live once. |
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Feb 13 2008, 09:23 PM
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Junior Member
41 posts Joined: Jan 2008 
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QUOTE(gtghost @ Feb 13 2008, 01:46 PM) So what do you do in Switzerland? Getting fat on Lindt and Mövenpick    On a serious note, training to be an actuary. |
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Feb 13 2008, 09:37 PM
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VIP
9,511 posts Joined: Apr 2005
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QUOTE(gtghost @ Feb 13 2008, 04:46 PM) Would someone from the UK confirm if the taxation braket is true? I mean if you salary per annum is higher than 34,600 pounds, you will be tax on the 40% bracket. it works this way, lets say your annual salary is £40k per year. out of £40k, abt £5.3k is not taxable called (income allowance). then the first 2.2k of your 40k will be taxed at 10%, your next 2.2k to £34k will be taxed at 22% and finally, you will be taxed 40% after 34k. so you might get more for the first few months, but lesser as month to come, or some company will spread it over the whole year. http://en.wikipedia.org/wiki/Taxation_in_the_United_Kingdom. so it is not that if you get 40k perannum, 40% will be gone, but part of them are taxed at 10%, 22% and 40%. on top, put in another abt 7% for national insurance. QUOTE(mIssfROGY @ Feb 13 2008, 05:54 PM) hmmm i really dun understand y peeople keep saying its hard to get a job in UK...my fren went there, applied for a few jobs, within 2 weeks oredi got hired by HSBC UK......she sez IT field dem lotsa positions leh.....are u guys looking at the wrong place when finding a job? (But she was there laa when she applied for the jobs, btw contract jobs are paying much much higher than permanent jobs....) it is not actually. as long as you have the qualification and qualities, you can get a job easily.QUOTE(mIssfROGY @ Feb 13 2008, 06:05 PM) hmm...so much so how much taxes n etc one gotto pay from their salary? Whats the nett salary after all deductions? Dun sound very good working in UK at all...unless illegally... although the taxes are high, but it is not bad earning pound. because the cost of most items are cheaper if compare to malaysia. example. if you earned rm30k a year in malaysia, you have to use a year salary which is rm30k to buy a kelisa. but in uk, if you earn £20k a year (after tax abt 16k, where £23k is the standard average salary of a fresh grad), a good new car of abt the size of kelisa (e.g. ford fiesta) is abt £8k only. This post has been edited by youngkies: Feb 13 2008, 09:44 PM |
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Feb 13 2008, 09:55 PM
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Junior Member
505 posts Joined: Oct 2004
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QUOTE(youngkies @ Feb 13 2008, 09:37 PM) example. if you earned rm30k a year in malaysia, you have to use a year salary which is rm30k to buy a kelisa. but in uk, if you earn £20k a year (after tax abt 16k, where £23k is the standard average salary of a fresh grad), a good new car of abt the size of kelisa (e.g. ford fiesta) is abt £8k only. but of cos, some are really expensive like cost of services |
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Feb 13 2008, 09:58 PM
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Junior Member
41 posts Joined: Jan 2008
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Yeap youngkies' way to calculate UK taxes is accurate. Hmmm, but I thought NI is 11% and NI is calculated on your income less the £5225 tax-free allowance if I'm not mistaken.
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Feb 13 2008, 10:04 PM
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Junior Member
495 posts Joined: Jan 2003
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QUOTE(clausman @ Nov 1 2007, 10:44 PM) let say i am not UK grad but eligible for high skilled migration, should i contact agents instead? I think the agents will charge no less than 10k, if I am not mistaken. You can fill up the HSMP form for 2-3k on conversion (400 pounds), with full supporting documents and pray any contacts that i can get? QUOTE(youngkies @ Feb 13 2008, 09:37 PM) it works this way, lets say your annual salary is £40k per year. out of £40k, abt £5.3k is not taxable called (income allowance). then the first 2.2k of your 40k will be taxed at 10%, your next 2.2k to £34k will be taxed at 22% and finally, you will be taxed 40% after 34k. so you might get more for the first few months, but lesser as month to come, or some company will spread it over the whole year. According to fonatic, coming april they will go flat out at 22% and 40% removing the 10%. Ouch so it is not that if you get 40k perannum, 40% will be gone, but part of them are taxed at 10%, 22% and 40%. on top, put in another abt 7% for national insurance. it is not actually. as long as you have the qualification and qualities, you can get a job easily. although the taxes are high, but it is not bad earning pound. because the cost of most items are cheaper if compare to malaysia. example. if you earned rm30k a year in malaysia, you have to use a year salary which is rm30k to buy a kelisa. but in uk, if you earn £20k a year (after tax abt 16k, where £23k is the standard average salary of a fresh grad), a good new car of abt the size of kelisa (e.g. ford fiesta) is abt £8k only.  Anyhow, might try my luck on HSMP. Gotta go take the IETLS first EDITED: I think can skip the IETLS if the degree is from UK  No professional jobs for Working Holidaymakers? This post has been edited by gtghost: Feb 13 2008, 10:15 PM |
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Feb 13 2008, 10:20 PM
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Junior Member
41 posts Joined: Jan 2008
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QUOTE(gtghost @ Feb 13 2008, 03:04 PM) I think the agents will charge no less than 10k, if I am not mistaken. You can fill up the HSMP form for 2-3k on conversion (400 pounds), with full supporting documents and pray Flat 20% According to fonatic, coming april they will go flat out at 22% and 40% removing the 10%. Ouch Anyhow, might try my luck on HSMP. Gotta go take the IETLS first EDITED: I think can skip the IETLS if the degree is from UK No professional jobs for Working Holidaymakers?  It actually benefits people earning more than £17k p.a. if I recall correctly.I have a friend who's been here about 3-4months on a Working Holiday visa, and she's not been able to find anything professional. Mostly, temp jobs involving clerical duties etc.  And IELTS requirement isn't too high I think, you will probably only need a band 6 or 6.5 for work(?) since that is the level most British universities admit students on. |
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Feb 13 2008, 10:26 PM
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Senior Member
3,705 posts Joined: Jan 2003
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Any slim chances of a local graduate making it in the UK?
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Feb 13 2008, 11:22 PM
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Senior Member
2,155 posts Joined: May 2005 
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sounds to me after tax and living expenses uk and singapore makes nearly the same? Hmm....dunnoler...if i were u guys, i do contract work becoz of the high pay. MY fren was earning like 300 pound a day as a contractor in HSBC uk. But dunno la...maybe she was just lucky, not so easy.
Added on February 13, 2008, 11:25 pm QUOTE(db07mufan @ Feb 13 2008, 10:26 PM) Any slim chances of a local graduate making it in the UK? can ler..few of my frens who were local grads got offered. But i think u need to be doing some job where they r lacking of people.Added on February 13, 2008, 11:32 pm QUOTE(Playbook @ Feb 13 2008, 08:49 PM) You are going for the work experience, not so much the money. hahah if i am going..it will be all about the money That work experience will be valuable for the future...  This post has been edited by mIssfROGY: Feb 13 2008, 11:32 PM |
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Feb 13 2008, 11:55 PM
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Junior Member
41 posts Joined: Jan 2008
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QUOTE(mIssfROGY @ Feb 13 2008, 04:22 PM) sounds to me after tax and living expenses uk and singapore makes nearly the same? Hmm....dunnoler...if i were u guys, i do contract work becoz of the high pay. MY fren was earning like 300 pound a day as a contractor in HSBC uk. But dunno la...maybe she was just lucky, not so easy. IT contractors earn anything from £50/hr and up. Sure it's good money, but you do not get company benefits, pension plans etc. And of course the risk of not being "employed" or out of contract for prolonged periods.This post has been edited by fonatic: Feb 13 2008, 11:55 PM |
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Feb 14 2008, 12:09 AM
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VIP
9,511 posts Joined: Apr 2005
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the thing that i love most of working in uk is seeing the money building up in the saving account with quite good interest.
i dont mind paying high tax, but in fact, i hate it when they spend those money to drug addicts, benefit frauds etc etc. (but still better than going into already rich corrupted minister though) |
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Feb 14 2008, 01:30 PM
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Senior Member
2,155 posts Joined: May 2005
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QUOTE(youngkies @ Feb 14 2008, 12:09 AM) i dont mind paying high tax, but in fact, i hate it when they spend those money to drug addicts, benefit frauds etc etc. i agree on this (but still better than going into already rich corrupted minister though) btw...how much is the interest over there? do they tax on savings/fd/unit trust over there? |
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Feb 14 2008, 02:47 PM
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Junior Member
41 posts Joined: Jan 2008
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QUOTE(mIssfROGY @ Feb 14 2008, 06:30 AM) i agree on this Official Bank of England interest rate is at 5.25%, although this varies from bank to bank.. Building societies usually give better rates than banks as well. Of course interest is taxed in the UK, unless you have no income or are non-domiciled i.e. live in UK less than x-days. btw...how much is the interest over there? do they tax on savings/fd/unit trust over there? |
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Feb 14 2008, 03:20 PM
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Senior Member
3,705 posts Joined: Jan 2003
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QUOTE(mIssfROGY @ Feb 13 2008, 11:22 PM) can ler..few of my frens who were local grads got offered. But i think u need to be doing some job where they r lacking of people. |
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Feb 14 2008, 03:49 PM
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Senior Member
2,155 posts Joined: May 2005
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QUOTE(fonatic @ Feb 14 2008, 02:47 PM) Official Bank of England interest rate is at 5.25%, although this varies from bank to bank.. Building societies usually give better rates than banks as well. Of course interest is taxed in the UK, unless you have no income or are non-domiciled i.e. live in UK less than x-days. OKies..thanks  Added on February 14, 2008, 3:56 pm QUOTE(db07mufan @ Feb 14 2008, 03:20 PM) Woo, what are your frens major? Are they working there now?? ermm IT loo.....local grads. All they did was post up their resume online and those employers search for them....but of coz u gotto know wer to post la and like i said, u must have what they r lacking, aka not easily find people for it. And usually these people oredi have a number of years experience la.....especially with MNC companies.... and ya..they r working there now..but some rejected the offers, because sg is nearer and being near to family more impt eventho earning lesser. This post has been edited by mIssfROGY: Feb 14 2008, 03:59 PM |
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Feb 14 2008, 06:01 PM
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Senior Member
3,705 posts Joined: Jan 2003
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ahhhh........ i see! Must have experience.
That leaves fresh graduates no chance huh |
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Feb 14 2008, 10:44 PM
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VIP
9,511 posts Joined: Apr 2005
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QUOTE(db07mufan @ Feb 14 2008, 06:01 PM) ahhhh........ i see! Must have experience. not at all actually. it depends on what kind of profession. That leaves fresh graduates no chance huh lawyer, accountant, business related etc, experience (summer placement at least) is really advantageous. but as for engineering, or healthcare related, as long as you have the qualification and required skills, you can easily get a job. |
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Feb 14 2008, 11:44 PM
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Junior Member
10 posts Joined: Nov 2005
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QUOTE(mIssfROGY @ Feb 14 2008, 03:49 PM) OKies..thanks If I'm not mistaken, one of the pre-requsites for a UK employer to employ you with a UK work permit is that you are a UK degree holder.Added on February 14, 2008, 3:56 pm ermm IT loo.....local grads. All they did was post up their resume online and those employers search for them....but of coz u gotto know wer to post la and like i said, u must have what they r lacking, aka not easily find people for it. And usually these people oredi have a number of years experience la.....especially with MNC companies.... and ya..they r working there now..but some rejected the offers, because sg is nearer and being near to family more impt eventho earning lesser. The whole process of getting a work permit is a nightmare, it took me around 2 months to get it then still you are required to apply for UK entry clearance and stuff. For those who just want to know how much (net) you will get for each month/year, just go to www.i-resign.com and use the tax calculator. It's not bad working in UK, I think it's not always about money. At least it's not my motivation to work in the UK. Regards, Simon Added on February 14, 2008, 11:51 pm QUOTE(ah_heng @ Feb 13 2008, 09:55 PM) yah yah... McD meal cos 3.80 pounds? in KL, almost RM10!!! It's true... However, with £3.80 I can even cook myself a salmon steak with side salad and a glass of diet coke all under 15 minutes too...but of cos, some are really expensive like cost of services This post has been edited by simon_wks: Feb 14 2008, 11:51 PM |
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Feb 15 2008, 12:35 AM
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Junior Member
41 posts Joined: Jan 2008
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QUOTE(simon_wks @ Feb 14 2008, 04:44 PM) If I'm not mistaken, one of the pre-requsites for a UK employer to employ you with a UK work permit is that you are a UK degree holder. It is true that as a fresh graduate, it will be difficult to get a job if you did not graduate from the UK. But if you have fall under the definition of the Highly Skilled Migrant Program, it is fairly straight forward to get a work permit I think. Below is an excerpt of an article on the Star a year ago:The whole process of getting a work permit is a nightmare, it took me around 2 months to get it then still you are required to apply for UK entry clearance and stuff. For those who just want to know how much (net) you will get for each month/year, just go to www.i-resign.com and use the tax calculator. It's not bad working in UK, I think it's not always about money. At least it's not my motivation to work in the UK. Regards, Simon It's true... However, with £3.80 I can even cook myself a salmon steak with side salad and a glass of diet coke all under 15 minutes too... » Click to show Spoiler - click again to hide... « |
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