My comparison for working in SG vs MY - Assuming you are 30 y.o and will be working till 60 yo with EPF currently @ RM100,000 and didnt buy luxury, only $$
SG
$100,000 pa = $70,000 pa Savings in EPF = RM210,000 pa savings in EPF
MY
RM100,000 pa high tax bracket and higher expenses (Car, toll, petrol, car maintenance) = RM60,000 pa savings in EPF
All of this savings you put in EPF which avg 6% compound return pa, how much will you have when you age 60.
SG - 21.3 Million = RM106,500 per mont pocket money (6% pa interest)
MY - 6.5 Million = RM32,500 per month pocket money (6% pa interest)
You are losing RM74,500 per month if you work at MY and your kids going to hate you when you pass your legacy to them.
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