Originally Posted by
Oli777
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But I'm still not seeing this massive broke hole so to speak?
70000HKD - 10% tax (sure you pay upfront, a lot of countries do that... but irrelevant as we all pay tax)
63,000 net
with zero housing allowance
20,000 rent
43,000 now..
Can you give an idea of the size mpf deductions (you are still getting this fund, its just a pension) and what yearly medical costs if Cathay is paying for your medical insurance? used to be 6% mpf.
So 6% of 70,000 = 4200pm into a pension...
still leaves you with around 39000HKD for transport + food? Am I close...
What about education for your kids? You left that part out of your equation. Schools are expensive in Hong Kong every one knows that, unless you are planning onto sending your kids to a local school where they are taught to be a copy machine...I think your 39k is going to disappear very quickly.