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Old 18th Mar 2008, 12:48
  #101 (permalink)  
 
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Bananas
I know what you mean about the reality setting in. I well remember Phil Squares waxing lyrical about SIA Cargo trying to make out the contract was as good as mainline.He never seemed to position or when he did it was always in First Class etc. He always seemed to fly only 50/ 55 hrs a month and seemed happy with that despite flying pay being reduced as in my book you need to fly 70+ hrs per month to make the job financially viable.

He was fortunate to be B744 rated when he joined so could leave when he wanted to as better opportunities arose but if you read some of his early posts he would have you believe he had hit the jackpot joining SIA Cargo. Then again he had come from AAI which is understandable. I guess the same applies to those from RBA.
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Old 18th Mar 2008, 15:45
  #102 (permalink)  
 
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He was fortunate to be B744 rated when he joined so could leave when he wanted to as better opportunities arose but if you read some of his early posts he would have you believe he had hit the jackpot joining SIA Cargo. Then again he had come from AAI which is understandable. I guess the same applies to those from RBA.

MC, when I first arrived at SQC, I was very happy and things were very enjoyable. I rarely positioned at all, when I did it was to HKG and in the 3 years I was there I only positioned in Y once. That was a AMS-SIN flight and it wasn't fun.

However, shortly after Capt Gan left, things took a turn south and seemed to accelerate on a daily basis. When I got there, you could pretty much make a request to scheduling any time, then under the new/current CP, it was once a quarter. The trips got worse and worse, the positioning increased and increased and the satisfaction factor went down and down. Multiple changes to the contract, changes in the homebase ticket. Things like that are just the tip of the iceberg.

When I interviewed, Gan made the statement we could expect to fly 75-80 hours/month. I took that with a very large grain of salt and really didn't believe him that it would ever be like that. For me financially, it worked flying 50-55 hours month. I did that on a fairly consistent basis and never really went over 60 hours and seldom went under 45. However, I know plenty of people who made the decision based on the published figures of S$7000/mo of per diem and flight pay.

You're right I was lucky being current and qualified on the 400. I probably wouldn't have considered it had the opposite been true. I and my family really enjoyed the living part of Singapore, so much so, we've stayed in Singapore. One thing I don't miss is SQC. The sad part is SQC could have been a very nice place to work had the powers to be not been so bent on bowing to the pressure from SQ.
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Old 18th Mar 2008, 20:48
  #103 (permalink)  
 
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"Take Home" in SIA...???

So again,shoot me for asking a silly question.But how much would a 777 captain "take home" for say 70 hrs of flying."Take home" meaning after tax cuts etc(Including ALL allowances paid by the company).And is there any overtime whatsoever.What's the cutoff hrs/month for overtime.And is the overtime taxable.Also,pls help here,whats the tax percentage(approx) cut from your gross.Do you pay that in Singapore??
Sorry for this rapid fire.But this forum sure has raise a WHOLE lotta serious and very valid issues....!!
Cheers....
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Old 19th Mar 2008, 00:44
  #104 (permalink)  
 
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Boeingdream878......I am not in Singapore or part of Singapore so cannot answer many of your questions. However, take a look at www.iras.gov.sg. This is the web site for the Singapore tax office and will help with tax rates.

Tax on S$160,000 approx S$16000
Tax on S$200,000 approx S$23000

ROUGH GUIDE ONLY!

Last edited by Ndicho Moja; 19th Mar 2008 at 01:00.
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Old 19th Mar 2008, 01:26
  #105 (permalink)  
 
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Income Tax

The figures quoted above by NM are technically accurate but dont really apply to an expat pilot for 2 reasons:

1. A portion of your salary (out of base allowance) is deemed to be earned outside SIN and is zero rated, and;

2, (Really expat capt only) You can apply for 'Not Ordinarily Resident' status and you are then taxed at a flat rate of 10% on your taxable income (see point 1) for a period of 5 years. Noone knows what will happen once the 5 years are up as it is a fairly new scheme. It is really for capts only as you would pay more tax under the scheme as an F/O. You need a gross salary of about $190k pa to make the scheme attractive.

You can also pay any income tax liability in interest free monthly installments a year in arrears if you wish. Two minor snags with this as follows:

1. By the time your tax bill is calculated there might only be 7 months of the financial year left so the monthly installments (albeit for only 7 months) can be a bit steep.

2. When you leave Singapore you will be presented with a tax bill that must be paid in full prior to leaving. At the moment, profit share would take care of that liability but who knows what the future has in store. If you leave at the end of your contract then the gratuity would cover any outstanding tax bill.

There is usually more to it than it says on the label in Singapore!
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Old 19th Mar 2008, 01:44
  #106 (permalink)  
 
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Your last (aprox) two - three months of work in Sing will be for the gov - don't plan on taking any of that with you - it will all go for taxes - beware and be prepared
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Old 19th Mar 2008, 04:12
  #107 (permalink)  
 
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"Your last (aprox) two - three months of work in Sing will be for the gov - don't plan on taking any of that with you - it will all go for taxes - beware and be prepared "

So what? That only means that the 9-10 months ahead of these you didn't pay any tax at all. Is that a bad deal?

If you are able to plan your life you can set aside the tax every month and pay it all when you get the final bill.

There are many issues with Singapore and Singapore Airlines but tax is definitely not one of them. I paid about 8 % of my total remuneration last year.

Swish. SGD pegged to USD? Then explain to me how it's gone from 1.60 to 1.38 in a little more than a year?
And if you think that scares you from Singapore, where would you recommend people to go? Sandpit? They have a real "peg" to USD. KAL, JAL etc all pay USD so that's a no no.

Europe? Well, you might have found a tax free way but for most guys with families that would be impossible so the Euro salary would be heavy taxed...
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Old 19th Mar 2008, 04:29
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Those last two/three months of tax are in ADDITION to the tax already being deducted monthly for the preceeding year. To be fair, it is not extra tax, just payment in full seeing that tax here is paid in arrears. If you plan to leave for good, the gov will ensure that you don't leave without paying all of your taxes. That's a big bite of cash when you depart. I have no problem with Sing's tax rate - I do find my rent more than doubling in a year a bit hard to swallow
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Old 19th Mar 2008, 15:34
  #109 (permalink)  
 
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Still looking...

Thanks a ton for the info guys.The 8-10% tax bracket sure's a relief...!! But i still dont know what would be the approx take home of a 777 captain doing 70 odd hours a month..... . Would appreciate help there.....
BD
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Old 19th Mar 2008, 23:20
  #110 (permalink)  
 
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After tax, rent, utilities, transport - expect around 6 - 8k sing$ - less if you have kids in private schools - now subtract what else you spend as lifestyle, food (can be cheap or expensive - just depends), etc. Don't always count on 70 hrs /mo either - there are vacation days that will be assigned to your roster if you don't bid them and you don't receive flt pay for those - some months will be alot less than 70 hrs, some will be a bit more. Take heed of the advice given earlier - Sing is getting very expensive - you are buying into a lifestyle here as much as anything and it takes alot of money to fund that lifestyle. The bonus is keeping everyone's head well above water for now - let's keep our fingers crossed that it doesn't go down in a big way
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Old 20th Mar 2008, 04:01
  #111 (permalink)  
 
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boeingdream787

70 hours 777 will give you about 18-20K monthly after tax depending on the destinations.

Bonuses and 13:th month not included.

Right now they are flying 80-90 hours a month so an average of 70 hours a month is very realistic.

Last edited by expat400; 22nd Mar 2008 at 01:21.
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Old 22nd Mar 2008, 13:00
  #112 (permalink)  
 
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B777 Captain: in S$ per month

Basic: $9300
MVC (Monthly Variable Component) : $767
AVC (Annual Variable Component): $767 x 1.15 (paid lumpsum in June for whole year)
Meal Allowances: $2000 (on average, including in-flight & overnight allowances, incl 6 weeks leave, tax-free)
PPA (productivity allowance): $4000 (on average, incl 6 weeks leave)
Transport: $120
Bonus: Between 3 to 6 months of (basic+MVC+AVC)...simplified explanation
13th month "Bonus": 1 month (basic+MVC+AVC)

Income Tax (approx): $2500 (locals), $3500 (expats)

For expats:

Housing: $ 3200 (adjustable, barely, $3100-$3500)
Schooling: $1400 per child for 2 children
Gratuity: $10,000 per year (on completion of contract)
Joining Bonus: Upto $30,000 possible

SI (Service Increment) for every year of service: Approx 3% of basic, incorporated into basic. This year may be more, as inflation has touched 6.6% versus an average of 2-3% over the past 15-20 years.

Expenses:

Housing: $4000-6000 for 3-4 bedder, in reasonable, expat-friendly areas
Car ownership: $1000 (basic japanese sedan) $1500 (basic continental)...(all incl, assuming $70,000 Toyota Altis - $110,000 Opel/Audi, 10 year loan, 10% down)
Taxi: $700 (if no car)
School fees: $2000 per child at any good international school, all incl
Live-in Maid: $650-$800
Groceries: $1000 (family of 4)
Eating out 4 times a month in restaurants: $600
Utilities: $400
Cable TV: $150 (most channels)
Misc: $1000
Others: Your preferences

Flying Patterns: Comfortable mix of long, medium, and short haul.

Typical Patterns, variations abound:

Europe: 5 days, Day 1 report around midnight, Day 2 reach europe early next morning, Day 3 stby for 4 hours, Day 4 dep to arrive Day 5 SIN early next morning. Patterns can stretch to 8 days.

N.America: 7 Days, Day 1 SIN-E Asia, Day 2 E Asia - Day 3 N America, Day 4 stby for 4 hours, Day 5 dep N A - Day 6 E Asia, Day 7 E asia - SIN. Patterns can stretch to 11 days

Australasia: 3 Days, Day 1 report evening, Day 2 arrive oz, Day 3 dep oz in the morning - SIN. Patterns can stretch to 4 days.

Africa: 4 days, Day 1 report after midnight, reach CPT, Day 2 OFF, Day 3 dep CPT, Day 4 arrive SIN early morning.

S Asia: Upto 4 hours, expect turnarounds. Beyond 4 hours, at least 24 hours at dest, extending to 96 hours for some stns depending on frequency. Midnight express much loathed.

SE Asia: Mostly turns, occasional nitestop.

W Asia: Between 3 days and 8 days. Nothing typical. Most tiring is SIN-DXB, 24 hrs, DXB-SIN.

E Asia: Usually 24 hrs at dest.

Crewing:

Double Crew (2 capt, 2 fo) for approx 12:30 and beyond, Augmented (2 capt, 1 fo) approx 11:00-12:30, 3 pilot (1 capt, 2 fo) 7:00-11:00, 2 P approx upto 7:00. Highly simplified of course. Depends on many factors, including acclimatization, time of dep, etc.

Destinations:

Europe:AMS, CPH, MAN, CDG, ATH, DME, IST, FRA, BCN, MXP, ZRH, FCO
N.America: YVR, SFO, LAX, IAH
Australasia: PER, BNE, MEL, SYD, ADL, AKL, CHC
S.Asia: DEL, BOM, MAA, BLR, CCU, DAC, CMB, LAH, KHI, MLE, AMD, ATQ, HYD
SE Asia: BKK, CGK, HAN, SUB, MNL, KUL, PEN, DPS, SGN
E Asia: HKG, TPE, ICN, NRT, FUK, NGO, KIX, PVG, PEK, NKG, CAN
W Asia: DXB, AUH, JED
Africa: CPT, JNB, CAI

S$ is not pegged to US$. MAS (Monetary Authority of Sin) uses exchange rates versus a basket of currencies to manage inflation in Sin. Since most things are imported, S$ can expect to appreciate in the near to medium term.

Rents have probably peaked. Buying an apt is cheaper than renting, in the long term, as mortgage rates average approx 2.5% p.a presently.

New CA (Collective Agreement) being negotiated. Despite posturing on both sides, can expect a 10-15% increase in package when the dust settles (at best), or status quo (at worst).

Last edited by locblue; 25th Mar 2008 at 05:08.
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Old 22nd Mar 2008, 16:36
  #113 (permalink)  
 
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LOCBLUE Thank you very much for taking the time to enlighten us, it is about the best response I've seen so far in this thread and certainly will help us a great deal in our decisions, Thanks ...The Capt.
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Old 22nd Mar 2008, 20:34
  #114 (permalink)  
 
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Thanks for all the good information!

Yes, Thanks to all that provided any of this valuable information.

Housing allowance:

-Is it possible to use the housing allowance towards a mortgage?

This new CA:

-If you sign up (expat terms) prior to the new CA being signed, do your terms change according to the new CA, or are the terms agreed to with the offer of employment the ones you live with for the duration of your contract?

Your answers to these questions are very much appreciated.

Thanks again,

Chapola
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Old 23rd Mar 2008, 01:05
  #115 (permalink)  
 
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Chapola,

Yes, you can use your housing allowance to service your mortgage.

The new CA will supercede the CA in force when you sign up. All terms are adjusted accordingly, regardless of start date, unless specified otherwise.
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Old 24th Mar 2008, 09:25
  #116 (permalink)  
 
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Thumbs up Excellent Post-Locblue

Locblue-Many thanks for this absolutely amazing and intensely informative post. Prolly one of the best on this thread...
So basically,as a vary ball park figure,one can expect to make anything between 18-20K a month with an expense platform in the range of 12-13K...?? And then about 10% taxes? I take it that would be a fair assessment..?? Therefore a very approximate savings of about 4-5K SD would be a reasonable guess i figure.Sounds like quite a decent plan.BTW whats this 'joining bonus'..? Some kinda company lure to join up I guess.Taxable? And the 10K gratuity.....is it paid yearly or mebbe at the end of the 5 year term,like u suggested. AND MOST IMPORTANTLY,the 13th month bonus....what exactly is that.Sorry,but a new concept to me...!! And when u said its paid 3-6 months,does that mean you could possibly get 3-6 months of your basic pay as a bonus per annum...???!! Sorry for these rather stupid q's,but like they say,the simplest of q's sound also like the stupidest. Pardon me.....but just trying to understand the logistics.....
Cheers now.......BD
.....
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Old 24th Mar 2008, 09:42
  #117 (permalink)  
 
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boeingdream787:
13th month bonus is not a bonus!
If you were paid weekly you would get 52 weeks pay in a year…
If you are paid monthly 12 months at 4 weeks in a month is 48 weeks
So you are short paid by 4 weeks..hence the 13th month or additional 4 weeks pay
Hope that clarifies! “Weakly” yours….
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Old 24th Mar 2008, 16:07
  #118 (permalink)  
 
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Bonus...??!

Thx for the clarification cubbie.Which means that one would get a 13th month salary,which essential would constitute one months basic plus change. BESIDES this 13th month salary I assume one gets paid a 3-6 months basic pay(depending on company performance of course) as a bonus...?? Thx in advance for the clarification.....
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Old 25th Mar 2008, 00:26
  #119 (permalink)  
 
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Reality check
- I have not heard of anyone offered any kind of joining bonus in years
- do not count on that 18 - 20k each month - you have vacation time and they will assign it if you don't attempt to bid it - your pay will go down significantly for that time spent on leave (no flt pay and you must take the time off) - also, turn arounds don't pay the same
- 10 % tax is the best you will do, most pay more
- 13 month pay is just the month's basic pay - not all the extras - nice, but not the 18 - 20k that you envision
- bonus is just that - a bonus - it was roughly 6 months basic pay last year but not nearly that much the previous year so don't count on it to be there every year.
- the gratuity is paid at the completion of the contract (if you complete...)
- count on $6k+ minimum/mo for rent anywhere - and I guarantee you will not want to rent "anywhere" - things are going toward $8 - 10k month rapidly in the typical expat areas and unless you are fluent in chinese, those are the places you would likely look to live.

It is getting very expensive here - be ready
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Old 25th Mar 2008, 01:04
  #120 (permalink)  
 
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Singapore is NOT a cheap city. Inflation above 6% mainly due to housing and cost of food. Be sure of your figures before committing to a sizable bond and moving half way around the globe. Be careful.
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