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Shivu

Hi guys I am shivu from bangalore, I got a job in mallaysia as a design engineer and they are offering 4000RM is it enough for single person there and how much I can save and how much tax will be deducted for 4000RM

AnupV

Hi, 4k is ok to live but not to save. tax will be 26% till 180 days and 10% after 180 days.

Shivu

Thanks anup but they are providing food and accomodation what will be the savings then

MikeWallace77

If they are providing food and accommodation and you need to pay 26% tax then you may save a little. However, I have to say that this type of salary is higher than many locals earn in Malaysia or at least similar. If you could sleep at your place of work and have no social life then you might save a little more but the good side will be overseas experience and at least having a job.

Shivu

Thanks for your help frnds

Nemodot

MikeWallace77 wrote:

If they are providing food and accommodation and you need to pay 26% tax then you may save a little. However, I have to say that this type of salary is higher than many locals earn in Malaysia or at least similar. If you could sleep at your place of work and have no social life then you might save a little more but the good side will be overseas experience and at least having a job.


I don't really agree with this Mike, women as second earners often earn this but that is on top of what their husbands earn.

There are huge disparities in earnings in Malaysia (and what is declared for tax is usually  a lot less) in reality anyone earning under 10k in Selangor is suffering in some way as a local and that is a typical lower middle class salary. Locals get EPF of course and government schooling and hospitals. Expats don't so need to earn more.

Many young people in their first jobs don't earn much, but they live in house shares/with parents and are crawling up the corporate ladder and often are aiming to run own business as that is where the money is

I always do point out if I went back to the UK I wouldn't say "wow 30k GBP per year so much look at what coffee shop barristers earn blah blah blah" always compare like with like! So don't compare an engineer's salary with a cleaner on 3k a month (most do earn that and most "tax free" lol). A male with a diploma (no degree) typically earns 6k++ RM per month in Selangor. Seen plenty of evidence of that and many earn more on the side.

Actually for Brits we need to earn at least 30% more than in the UK to break even allowing for the NHS and free education. Most forget that side of things. For others not from the "Union of European Socialist Republics" (as EU should be called) have wide income distributions and are used to paying for lots of basics in life. So the premium is less although private education is so expensive in KL for those with children need to consider that carefully wherever they are from.

MikeWallace77

Hi Nemadot,

Probably you are right but still reckon that he could get by on that salary. Some locals earning less than that as a couple. With no offence meant, Shiva is not a western expat and it does seem that there is an abundance of South Asian qualified people looking for jobs in Malaysia. With so many to choose from it's no wonder that the employers offer so little.

I haven't worked back in the UK since1986. I think my salary dropped from about GBP45k when I was working in Singapore in the early 80's to about GBP14k after I got transferred back to the UK. After that I quit, re-studied and basically moved to Asia. Sold my house, sold my car (1986 Scirocco GTi to my dad) and studied at Ealing College, ran out of money and got a grant for the last term. I mean you do what you gotta do to get by or to move on. So if that's the best that Shiva can do for the moment then it's probably enough to get by on, depends on how he lives.

But for South Asian's the lucky ones get to work with Petronas and can afford RM4-5k rent per month, buy nice expensive cars and buy luxury apartments in KL. So I feel sorry for those guys who get offered so little, but then they have the choice of accepting those meagre salaries or staying in their own country.

By the way, I'm a Brit too...

Shivu

So what to do guyz, can I take up this offer r not, i need to help my parents here financially for tht I have to save atlst 2000RM is it possible?...... and thanks for your valuable suggestions

MikeWallace77

Well if you also need to take care of your parents financially then I wonder how you are gonna do it.

Shivu

K thank u mike, let me think about this

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