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> Working in Singapore V20, All About Living in The Little Red Dot

piano_freak
post Yesterday, 08:19 PM
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How accurate is the SAT assessment by MOM ? It says I likely eligible for both s or e-pass...
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Mackiddo
post Yesterday, 11:12 PM
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QUOTE(KKLeong @ May 28 2017, 07:25 PM)
I come from biotechnology background... But difficult to get job at singapore. It is 1.8k job with extensive study and guidance from the senior and onwer. Did you heard chang hk from astar lab at pioneer?
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nope, never heard of it
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iceypain
post Yesterday, 11:13 PM
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QUOTE(WallChecker @ May 28 2017, 05:07 PM)
First part is true, but MOM has right to challenge and deny application. Second part is true as well.
Can, sure can.. MYR500k = Approx. SGD160k. I don't have exact figure of IB analyst, but I can roughly guess their total compensation (including bonus) is more than SGD80k p.a. (Any IB banker here can correct me if I am wrong? smile.gif )
Assuming flat 80k with no increment for next 4 years, that makes an average of 6.6k monthly.
Minus expenses for rental, living cost, statutory deductions and entertainment = 2.6k monthly (I know this may be huge amount for some - But let's assume expense for a Single bach and Ivy league grad).
If he/she has CPF/Pension plan, take home will be lesser, however actual earning is more than 80k p.a. now.
So, his/her saving p.a. is about 48k, and 4 years about 192k. Minus 160k of tuition fees.
That will leave him/her approx. 30k, for his/her vacation, saving, family, partners, etc.

p.a. = per annum.
Above is my personal assumption, definitely doable. Flat 4 years total compensation is unlikely, so gross income is higher over the years.
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total gross compensation is closer to 150-170k for first years, so yeah def not impossible to pay back 500k ringgit in 2-3 years.

but i should add that ivy league undergrad would cost at least 1M ringgit these days

This post has been edited by iceypain: Yesterday, 11:16 PM
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IwanAGP
post Yesterday, 11:17 PM
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QUOTE(WallChecker @ May 28 2017, 05:07 PM)
First part is true, but MOM has right to challenge and deny application. Second part is true as well.
Can, sure can.. MYR500k = Approx. SGD160k. I don't have exact figure of IB analyst, but I can roughly guess their total compensation (including bonus) is more than SGD80k p.a. (Any IB banker here can correct me if I am wrong? smile.gif )
Assuming flat 80k with no increment for next 4 years, that makes an average of 6.6k monthly.
Minus expenses for rental, living cost, statutory deductions and entertainment = 2.6k monthly (I know this may be huge amount for some - But let's assume expense for a Single bach and Ivy league grad).
If he/she has CPF/Pension plan, take home will be lesser, however actual earning is more than 80k p.a. now.
So, his/her saving p.a. is about 48k, and 4 years about 192k. Minus 160k of tuition fees.
That will leave him/her approx. 30k, for his/her vacation, saving, family, partners, etc.

p.a. = per annum.
Above is my personal assumption, definitely doable. Flat 4 years total compensation is unlikely, so gross income is higher over the years.
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QUOTE(iceypain @ May 28 2017, 11:13 PM)
total gross compensation is closer to 150-170k for first years, so yeah def not impossible to pay back 500k ringgit in 2-3 years.

but i should add that ivy league undergrad would cost at least 1M ringgit these days
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Wow seriously? Freshie getting 80k pa? shocking.gif shocking.gif
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Carl Johnson
post Today, 10:30 AM
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QUOTE(IwanAGP @ May 28 2017, 11:17 PM)
Wow seriously? Freshie getting 80k pa?  shocking.gif  shocking.gif
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May be 1% of the fresh graduate?? . But banking now in sg is not hot as its used to be.
IT start up is the trend.
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Fiona Chin
post Today, 11:38 AM
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QUOTE(iceypain @ May 28 2017, 11:13 PM)
total gross compensation is closer to 150-170k for first years, so yeah def not impossible to pay back 500k ringgit in 2-3 years.

but i should add that ivy league undergrad would cost at least 1M ringgit these days
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Thanks to these bunch of people everything is expensive now.
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ThanatosSwiftfire
post Today, 11:40 AM
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QUOTE(Fiona Chin @ May 29 2017, 11:38 AM)
Thanks to these bunch of people everything is expensive now.
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How else would be the truly rich separate themselves from the nouveau riche?
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Carl Johnson
post Today, 01:05 PM
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QUOTE(piano_freak @ May 28 2017, 08:19 PM)
How accurate is the SAT assessment by MOM ? It says I likely eligible for both s or e-pass...
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90% accurate
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Properlog
post Today, 01:31 PM
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Hi All Taikor, nice to meet you all here. Recently looking for some investment in Singapore as FD is super low in here. Mind sharing any good finance investment in Singapore?
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crazy25kid
post Today, 02:49 PM
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QUOTE(Thunderbolt8 @ May 28 2017, 05:34 PM)
Life insurance and medical insurance
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life insurance should be international...u die / TPD, they pay.

overseas claims for medical is only allowed if you were in MY the past 90 days if not mistaken.
after 90 days, your are not entitled to claim / no longer insured.
not sure if going back to jb for day trip every month will "renew" the period or is there any riders that can extend it or not.

best to check with your agent to confirm as they are the one who should know your plan best.

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commtrader
post Today, 07:45 PM
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QUOTE(Properlog @ May 29 2017, 01:31 PM)
Hi All Taikor, nice to meet you all here. Recently looking for some investment in Singapore as FD is super low in here. Mind sharing any good finance investment in Singapore?
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Invest in Sreit
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Properlog
post Today, 07:50 PM
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QUOTE(commtrader @ May 29 2017, 07:45 PM)
Invest in Sreit
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Hi commtrader,how much is the average return for reit?5%?How to buy REIT yup?Have to open an trading account?Thanks in advance.
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commtrader
post Today, 08:06 PM
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QUOTE(Properlog @ May 29 2017, 07:50 PM)
Hi commtrader,how much is the average return for reit?5%?How to buy REIT yup?Have to open an trading account?Thanks in advance.
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Hi Sir

Depend on your risk appetite, return can range from 5-9% annually

Can buy thru major brokerage firm in Sg, let me know if you need more info.
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whizwhiz
post Today, 09:23 PM
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anyone can share how much should a safety advisor or safety engineer with 5-7 years of experience should be paid? Malaysian working in Singapore...

can get above SGD7k and above?
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hvac
post Today, 09:25 PM
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Hi guys,

I have few questions about IRAS tax:

- 2013 to 2015 - i've started working in SG and staying in SG.
- 2016 i moved to JB and commuting to SG in and out every weekday.
- as i understand residential address need to change. and if i put in JB address, tax will consider non tax resident.

1. did other people usually put in SG address in IRAS tax, but they stay in JB?
2. Can i put in my last rental address in SG, is this wrong?

Hopefully everybody can give input.

Thank you.
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Properlog
post Today, 10:06 PM
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QUOTE(commtrader @ May 29 2017, 08:06 PM)
Hi Sir

Depend on your risk appetite, return can range from 5-9% annually

Can buy thru major brokerage firm in Sg, let me know if you need more info.
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Hi Bro...Yes, I am interest on this. Do u mean trading broker?So we have to open an trading acc and SGX too? Any negative return happen in REIT so far?
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deodorant
post Today, 10:41 PM
Surfing LYN instead of Working.
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QUOTE(hvac @ May 29 2017, 09:25 PM)
- as i understand residential address need to change. and if i put in JB address, tax will consider non tax resident.

You think IRAS will give you such a huge loophole, stay in JB no need to pay SG tax? doh.gif
Residency (physical address) and Tax Residency are two separate concepts. Go look up how IRAS defines tax residency.
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