Got an offer from one of the banks in Singapore for a design position. Base: 114k SGD Bonus: 16k SGD Relocation package YOE: 6 years Is it a good package for Singapore? I will live with my wife, no kid yet
Singapore is one of the highest cost of living cities in the world. You want a higher TC
That's enough for a local or a European paying local taxes because income tax rate is ridiculously low. You can comfortably afford a 1 bedroom apartment in an apartment complex with pool and gym amenities. Tax is maybe 4% on a 100k salary. But Americans have to pay American tax, is the company relocating you covering any tax benefits? Many of my expat friends in sg make less than 100k but it's already a much better deal than what they'd be getting back in Europe & they make enough to have a comfortable party lifestyle
I am married and we are planning to have a baby. Currently looking for 2 bedrooms, but I found a good house is not less than 3k monthly. The company offer the relocation fee but feel like the offer I got might not enough after we have a baby. I heard tax is 7% for non-residents in Singapore.
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Too low. SGP has very high COL.
Whats COL?
Cost of Living