Hey a fellow returnee. I am on track to return by end of the year. Will also share my experiences after i do. maybe mid 2020 ba

maybe she somehow say she leaving singapore for australia or new zealand so they let her take out.

resigned! project moving back to malaysia on.

7 years! Start a family d, need family support

The pay and opportunity I got in Malaysia wasn't bad either. Can maintain my current lifestyle.

all in maybank. haha.

jokes aside, yeah, i hope i dont lose money with the small pot i made here.

Yup

Nope. Not PR. My co gave me the Employer CPF as a cash allowance, so never felt the need to apply. But higher taxes la.

Congrats!

17.2k all in, includes nursery since infant is billed separately?

i think deo is on the high side. my wife gave birth in mt alvernia oso not so expensive.

anyway since u ask for KL, here's sunway.
https://www.sunwaymedical.com/promotion/maternity-package/
I think all in abot rm15k to 17k.

close! 🤣

take take. majulah singapura!

yes. as long as u on EP, your company will hold your last month salary to settle tax first. no matter if u changed 3 company, and paid iras 3 times, all 3 need to do it.

This post has been edited by ThanatosSwiftfire: Dec 6 2019, 01:45 PM

yes . each employer's responsibiity is to withhold ur salary everytime a foreigner resigns. even internal transfers where u change company within same group also need to withhold salary and pay tax for u.

two separate things.

1. company will withold salary regardless of your employment period, as long as u are foreigner. i resigned after 6 years they also withhold 2 months.

2. your tax rate depends on what status you are in the eyez of singapore tax law. the 6 months thing is to determine whether they tax you on a non-tax resident rate or a tax resident rate. the 6 months do not need to be same employer.

total salary. IRAS here never bother about monthly one. It's all about total salary.

Yes. If the company don't plan to renew u, they will withhold your last month pay and pay taxes first. Any balance give to you. Then come year end when you submit your full year tax return, if they overpaid, they (iras) will refund you.

Anyway, long story short, You cannot run away one.

This post has been edited by ThanatosSwiftfire: Dec 7 2019, 12:12 AM

You may also want to consider whether you are coming down alone, or with +1 (with kids). The cost of living can be a real killer. Things like childcare, maid, car and rent can spike up easily and eat up whatever 'disposable' income you have have with a family to look after.

On the title :

1. Titles in Singapore are quite inflated, especially if you are in a bank or financial institution. Example, I was AVP in a bank, but in reality it's just a 'team lead' / 'assistant manager' equivalent, responsible for about 3 direct reports + 12 SSO guys. Nothing great. My wife's company has CFOs for every 'country' they operate in, but in reality it's just a Finance Manager in charge.

Happy new year guys. signing out of singapore for good.

Match? Cannot match la. about 60-65% of my SGD pay when converted to MYR.
I've been in Singapore for 7 years (my wife 8 yers).

But that's solely looking at salary la.

The principle is simple : Use the savings to 'close' the 30-40% gap.

Say annual salary is SGD60k (combined SGD120k), and we save about 40k per annum (combined).
After 7 years, we have about SGD280k.

If buy a condo in Singapore, for a family, at least SGD1m,, of which SGD350k (MYR1,050k) down, of which 300k is for dp/loan etc, 50k for reno and stuff.
If we buy a landed dst, for a family, MYR1m, of which MYR300k down (100k dp, 200k reno/furniture).

So, the cost difference is SGD250k, or MYR750k. (+/-)

Say if I get a salary of 1:2, so my MYR salary will be MYR120k (combined MYR240k).
Then, the MYR750k x 6% = MYR45k.

Combined = MYR285k versus SGD120k (MYR360k), which is about 78-80% of SGD salary. If we can get above 70% of SGD pay (but converted) will be very comfortable d, and won't be that far off vs singaporeans. We also plan to leave the SGD we saved in Singapore REITs so we have SGD denominated recurring income to support our lifestyle in Malaysia


This post has been edited by ThanatosSwiftfire: Jan 1 2020, 12:37 PM

i was lucky in the sense that both my employers here gave me CPF in cash, so while I did have to pay more taxes, the cash in hand meant more money for my own investments.