Other costs to take into account are things like internet packages, which are usually around S$43 a month. If you're an expat in Singapore with an Employment Pass, Dependant Pass, Student Pass or Work Permit, you need to convert your foreign driver's license to a Singapore driver's license to be able to drive. 9 Personal income tax equalization - Maximum payable by expat, Company pays the rest Hey guys! On average, a package for an expatriate Middle Manager there is worth SGD 493 900 (USD 367 500). Most firms in Singapore do not give COLA, and, if they do, the figures would be considered bottom-of-the-market by Hong Kong / mainland China standards. Bills. "This is good news for companies with employees currently living in Singapore, as the relatively high cash salary and benefits and low taxes result in less expense for employers when relocating staff to the country," he added. Long-term expat packages: Most expats on a long-term contract with large corporations will find that their expat package is very generous. Get unlimited access to all stories at $0.99/month for the first 3 months. If expats are looking to get away for a weekend, Singapore is an ideal jumping-off spot for travel in … The findings enable companies relocating staff to benchmark their expats' actual salaries against the market. Such high costs in expatriate-level accommodation, education in international schools and other expenses result in Hong Kong being significantly more expensive than most other locations," Mr Quane said. So if there is any way to actually get an expat package with schooling covered, I'd definitely try to get that. Most packages usually cover the cost for a flight home once a year, although you may be able to negotiate for more depending on your personal circumstances. Here, she shares about what living in Singapore as an American is really like and offers insight into the pros and cons of life in Singapore as an expat. 17 Long term disability leave Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Singapore best place for expats to live and work, 5th highest for salaries: HSBC poll. SINGAPORE - The average annual pay package for expatriate middle managers in Singapore rose by US$13,163 or 5.9 per cent in 2018 from a year ago to US$236,258 (S$325,000), which included an average cash salary of US$90,170, according to an annual survey by ECA International. 19 Prescription Eye Wears benefits - Amount x number of pax per 2 years All done! Meanwhile, Japan is no longer the most expensive location in the world to send expats, after being overtaken in the rankings by the United Kingdom. Expat packages in Singapore fell 6 percent in 2017 to S$316,600 per annum, inclusive of salary, tax, and benefits. M Social Hotel Singapore The Triple Treat Staycation presents a culinary journey across 3 restaurants– Grissini an Italian Grill Restaurant famous for their handmade pastas and josper-grilled premium meats and seafood at the live kitchens. The situation has been changing over the past two decades, with I would say most expats now on local contracts i.e. having to pay for rent and school fees out of a fixed salary. Singapore had the 19th highest pay packages globally and the 9th highest in Asia for mid-level expats last year, due to "minimal increases in personal tax and extremely low tax-related costs as compared to most other locations" in ECA's rankings, said Mr Quane. 15 Banking fee - transfer of money from Singapore to the country of origin, how many times a year There will not be much difference to a local contract with a local company. Full expat packages usually include all sorts of goodies such as schooling in an international school (the fees of which are more often than not as high as the rent, which on an expat package your company may be paying in any case), medical insurance, and moving costs from and back to your home country. However, despite the slight drop, the expat salaries currently being offered are still more than enough to live comfortably in one of the world's most popular expat destinations. While Singapore did not come into the top 10 list worldwide, it stood at the 9 th position on the list of countries in Asia offering Expats the best pay packages. Married with no … Join ST's Telegram channel here and get the latest breaking news delivered to you. Packages for expats have become less generous in many emerging economies as more senior positions have become localised. In most cases expat packages total around 35% more than the package you’d receive for the same role back in the US. In Hong Kong, it declined 2 percent to S$356,800 per annum -- … Rent Singapore property, apartment or house has never been easier. China-based expats took home US$310,204 last year, which was an increase of over $33,000 from in 2017. When considering the cost of an expat pay package, companies need to factor in three key elements: the cash salary, benefits - such as accommodation, international schools, utilities or cars - and tax, said ECA, which provides information and software for the management and assignment of employees globally. This article is now fully available for you, Please verify your e-mail to read this subscriber-only article in full. 198402868E. SPH Digital News / Copyright © 2021 Singapore Press Holdings Ltd. Co. Regn. What this means is that on a local contract you would have to pay for schooling yourself, which could easily cost you around $150K for four kids. But a log-in is still required for our PDFs. The perception that an expat living in Singapore is on a big expat package, a massive house and garden, education, housing, car and travel budget has hopefully faded. Or is it better to just include in the TC? Welcome to Living Abroad, a new series that shows you what expat life is like in cities around the world.Our first interview is with Sarah, an American expat living in Singapore with her husband and 15-year old daughter. 8 Hotel expenses up to 1 month while personal effects are on the way to Singapore allowances that aim to cover the costs of relocation and make the process smoother Singapore Expats offers a one-stop residential Singapore property guide, renting procedure and information directory for expatriates living or relocating to Singapore. 3 Notice of termination Said Mr Quane: "Although the average UK expat salary rose by US$3,717, the overall increase in the value of an expat pay package jumped by over US$77,000 from 2017, with the cost of both benefits and personal tax rates rising by markedly large levels. By registering, you agree to our T&C and Privacy Policy. There are tons of events and get-togethers and you’ll meet expats from all over the world living in Singapore.” Any Tips for Moving to / Living in Singapore? Until we resolve the issues, subscribers need not log in to access ST Digital articles. Read more at The Business Times. Singapore is ninth in the Asia Pacific regional rankings this year. 14 Annual leave per year Elsewhere in the Asian region, Hong Kong dropped one place to 6th globally, and 4th in Asia, with the average expat pay package rising US$7,902 to US$276,417, including an average salary of US$86,984. Most packages include a housing allowance, children’s school fees, travel allowance, good holiday entitlement and a high salary. For middle managers in Hong Kong, expat packages — including salary, tax and benefits such as accommodation and schooling — have fallen 2 percent in U.S. dollar terms over the past five years to around $265,500, while the typical package in Singapore dropped 6 percent to $235,500, ECA’s annual MyExpatriate Market Pay survey found. Smart Expatriation, 1st expert online solution to calculate your earnings abroad by taking into account the differential cost of living, housing costs, and the amount of taxes and social contributions. They can read the article in full after signing up for a free account. Japan has dropped to second place globally, despite an increase of more than US$30,000 to its average expat pay package. 13 Air ticket - home passage per year - number of pax - 2 ways I would like to seek advice on what kind of package does your provide for Expats coming to S'pore with their family (4 pax) i.e. Negotiate as much as you can! We provide the following expat's employment terms and conditions: 1 Basic annual salary Views 209 My wife, three month old son and I will probably be moving to Singapore by the end of the year. A typical expat package will often include travel costs for you and your family to visit loved ones back home. 7 Loan for house rental deposit - Repayable at end of employment Expat Living Singapore - Your Guide For Moving To & Living In Singapore. The cost of an expatriate package has fallen in Singapore by six per cent in USD terms over the past five years. The average total expatriate package offered in 2015 is the lowest seen in Singapore in the past four years. No. 6 1 month settling-in allowance (1-month house rental) EXPAT packages; Expat Q&A; EXPAT packages (Singapore) By Community Member . Why Is Your Expat Package Bigger Than Mine? Singapore is a different market entirely when it comes to COLA. If you have been working for a corporation for a number of years already, you should ensure that your contract notes the fact that the assignment abroad does not constitute a break in employment. It wasn’t seen as an attractive thing to be far from their home country, extended family and friends. 11 Car petrol, tolls, parking An idea of utilities would be something like S$154 based on two people living in an apartment roughly the size of 85 m2 (900 Sqft). Expat Salaries In The UK THE average annual pay package for expatriate middle managers in Singapore rose by US$13,163 or 5.9 per cent in 2018 from a year ago to US$236,258, which included an average cash salary of US$90,170, according to an annual survey by ECA International. We cover information about relocation, home care, moving, procedures for both rental and purchase, living, staying and working in Singapore, useful information for healthcare and international schools. New. This will ensure that you remain eligible for any benefits or r… My wife and I work for the same company and wanted to get a feel for what kind of things were included in some of your packages. "The benefits offered … have always been high in Hong Kong as the small nation continues to be attractive to companies and expatriates alike. 5 Cost of living allowance per month 2 Premium on salary Expat packages are one of the reasons that executives originally considered taking positions overseas. 10 Car rental Discover our options and prices. Our handy guide for expats includes information a new expatriate, would-be expat or even local Singaporean might need to know. You have reached your limit of subscriber-only articles this month. + PRO: Cheap, accessible travel. The value of pay and benefits packages for expatriates moving to Hong Kong and Singapore continued to decline last year, according consultancy firm ECA International. 20 40 footer container - 1 way The UK topped the global list with an average annual expat pay package of $421,798. 4 Housing allowance/benefits per month In addition to detailing how long an employees expatriate contract will be valid for (see contract duration and termination notice), the contract should also contain details of whether or not the employment constitutes a break in employment from the employer. This pushed China up one place in the rankings to the third position, globally. 18 Dental benefits - Amount x number of pax per year “If you are (like us) not moving to Singapore on a luxurious expat package and you need to make your own arrangements, I highly recommend getting in contact with a rental agent to view homes when you arrive. 21 Compensation for the country of origin's social security/contributions Apply quickly to various Full Expat Package job openings in top companies! They can include accommodations, car and driver, maid service, education for your children, flights to and from the country you’re in back home, hardship allowance and healthcare among other niceties. The value of a typical expatriate package for Middle Managers in Singapore is now HK$1,827,300 (US$235,500). Expats on a fully-fledged expat package get a schooling allowance, which helps to place their children in international schools (expat kids can also be admitted to local schools, but it’s tougher to get in). Japan came in second followed by China, India and Hong Kong. 23 Life Insurance - how times of annual salary 16 Medical and Hospitalization Insurance (Worldwide) In China, package levels saw a significant rebound in 2018, after falling in 2017. SINGAPORE - Pay packages for expatriate workers in Singapore have shrunk 8 per cent over the past year, international human resource consulting firm ECA International said in its latest report. Expat pay packages in Singapore increased across the board in 2018, with yearly salaries climbing by almost US$5,000 while benefits went up by US$6,400 on … Full Expat Package Jobs - Check out latest Full Expat Package job vacancies @monster.com.sg with eligibility, salary, location etc. Singapore expat package. The rise in accommodation costs was mainly responsible, due to an increase in housing and rental prices throughout the UK.". Expat pay packages in Singapore increased across the board in 2018, with yearly salaries climbing by almost US$5,000 while benefits went up by US$6,400 on average, said Lee Quane, regional director for Asia at ECA International, in a press release on Tuesday. ” - Lee Quane, Regional director – Asia, ECA International The gap has widened between the total expatriate packages typically offered in Singapore and Hong Kong, with Hong Kong rising to 4th place in the regional rankings. Read 3 articles daily and stand to win ST rewards, including the ST News Tablet worth $398. All rights reserved. Expat pay packages in Singapore increased across the board in 2018, according to an annual survey by ECA International. Family Medical Insurance, 1 Home flight for 4 pax per year, Accommodations, Handphone bills, Utility bills, Children school fees, others, etc. 24 Personal Accident - how times of annual salary, Payroll Legislations & Its Practical Applications, Behavioural & Competency-Based Interviewing Skills, Certified Human Resource Administrator – CHRA®, Certified Human Resources Supervisor (CHRS), Certified Human Resource Specialist (CHRS)® (Payroll), Certified Human Resource Specialist (CHRS)® (Recruitment), Certified Human Resource Specialist (CHRS®) (Performance Management), Designing an Equitable & Competitive Salary Structure. We have been experiencing some problems with subscriber log-ins and apologise for the inconvenience caused. Japan is home to Asia's most expensive expatriate packages. The UK now takes the top spot in the world, primarily due to a 25 per cent jump in the value of benefits. 12 Children's school fees x number of children But many expats in Singapore are on local packages, … We provide the following expat's employment terms and conditions: 1 Basic annual salary 2 Premium on salary 3 Notice of termination 4 Housing allowance/benefits per month 5 Cost of living allowance per month 6 1 month settling-in allowance (1-month house rental) 7 Loan for house rental deposit - Repayable at end of employment itzyicy Jan 17 5 Comments Bookmark; function; Just got an offer to move to SG and was wondering what I should expect for the expat package- is the housing allowance included these days? While the Lion City has a reputation for offering some of the world's best expat packages, salaries in Singapore are not quite as lucrative as they once were. Expat pay packages in S'pore rose by S$18,100 in 2018 The overall cost of sending a mid-level expatriate to Singapore rose by US$13,136 last year, bringing the total package to … The firm's MyExpatriate Market Pay survey tracks the pay levels of expats around the world, including information on benefits, allowances, salary calculation methods and tax treatment. Getting to Singapore might be a long and arduous flight for most expats, but once settled here, the vacation spots in the area are just a short, and very affordable, plane ride away. Hong Kong's increase was largely due to a yearly salary increase of around US$1,500 and a more than US$6,000 bump in benefits, including additional expenses such as school fees or transportation costs. The gift link for this subscriber-only article has expired. Share gift link below with your friends and family.