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 Working in Singapore V19, All About Living in The Little Red Dot

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Argiope
post Jul 29 2016, 10:37 AM

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From: Negeri Di Bawah Bayu
QUOTE(ntick @ Jul 29 2016, 01:05 AM)
Hi All,

I have a question
what is the best way transfer money from Malaysia to Singapore
I recently sell my Malaysia house and have cash around RM100k

I wish to transfer the money to Singapore to paid off my CC oustand bill and loans

Please advise

i know that DBS bank transfer from SG to MY is no charge but i google around did not found any best way transfer from my to sg
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What is your definition of "best" way? If you don't mind to transfer in multiple tranches (daily cap limit applies), you can use CIMB Clicks to transfer from MY to SG. It's FOC and almost instant transfer. See rates here.
Argiope
post Jul 30 2016, 12:51 PM

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Junior Member
300 posts

Joined: Mar 2006
From: Negeri Di Bawah Bayu
QUOTE(shawnmy @ Jul 30 2016, 01:33 AM)
is it normal for company to deduct 5% of your salary for tax purposes ? Attached screenshot from my offer letter.
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If you are not a citizen/PR, then yes, it's normal to minimize chances of you running road without paying tax. And your co is kind enough to withhold only 5%.

QUOTE
If you’re a foreign worker who had just left employment, your employer may withhold your salary for the last month for tax clearance.
Read here.
Argiope
post Jul 30 2016, 01:12 PM

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Junior Member
300 posts

Joined: Mar 2006
From: Negeri Di Bawah Bayu
QUOTE(shawnmy @ Jul 30 2016, 01:06 PM)
i didn't know about that. Okay..they will hold 5% of my salary everymonth..
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Oops sorry paiseh didn't read your tiny screenshot properly. The clause on the site, as well as what i encountered before, refer to the whole salary for the last working month. But yours is 5% of every month it's a bit different from what was stated. Perhaps you can make reference to the MOM site and clarify with your co.
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