Hong Kong Schooling, is your child primary 1 Sep 2012?
Join Date: Oct 2009
Location: Hong Kong
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Allowance
@joblow
That's not actually true. The cost of employment will be higher for the employer but the employee with children will still earn the same as the childless employee.
STP
If the employer pays for education great I'm all for it but then a pilot with 3 or 4 children will earn substantially more than a single person by the time education allowance is added to the package for doing the same job
STP
Join Date: Jan 2006
Location: Somewhere out there...
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Don't forget you need to pay tax on the education allowance and make up the shortfall between what Cathay pay and the actual fees (which can be substantial if you don't get an ESF school place). It all adds up... Times that by 3-4 kids and you get the picture.
Couple that with the tax due on the housing allowance (treated as a cash benefit by IRD if you use it to pay a mortgage) - with govt rates, rent and management fees on top, and you find that a rather large chunk of your income goes before you see it.
Just sayin'...
Couple that with the tax due on the housing allowance (treated as a cash benefit by IRD if you use it to pay a mortgage) - with govt rates, rent and management fees on top, and you find that a rather large chunk of your income goes before you see it.
Just sayin'...
Join Date: Jun 2008
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Too many kids?
Curtain Rod, quote:- "Nobody is worried about the world running out of volunteers producing enough new kids..."
Whilst I have no argument with your post, I am not sure about your last comment. We should all be worried.
The number of children being produced who will eventually contribute towards the finances of their country is decreasing, whilst the number of children who will forever be a demand on their country's resources is increasing alarmingly.
The demand then stretches beyond those country's borders in the way of International Aid, donated from other taxpayers' contributions.
But what to do? I quite resent my hard earned income being given away to those that seem determined to procreate themselves into eventual oblivion.
Whilst I have no argument with your post, I am not sure about your last comment. We should all be worried.
The number of children being produced who will eventually contribute towards the finances of their country is decreasing, whilst the number of children who will forever be a demand on their country's resources is increasing alarmingly.
The demand then stretches beyond those country's borders in the way of International Aid, donated from other taxpayers' contributions.
But what to do? I quite resent my hard earned income being given away to those that seem determined to procreate themselves into eventual oblivion.
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HK has almost a trillion US dollars on account. Surely they can use some of this to provide sufficient schooling (at a reasonable price) to the different expat groups. HK has relied on expats in many areas since it's creation, and owes it to those currently here to help in such an important area of development.
