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Old 03-12-2021, 05:42 PM
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Originally Posted by Unregistered View Post
eh bro, say u r delisted or listed uk uni, you still have to train 2 years rlt part a b pt
which is the same as the 2 years sqe TC mah
No one say CPF = tax. Ur comprehension got problem? CPF is a deduction.
CPF is not tax, but is your 2000 GBP deduction for rent considered tax?
How come u go minus rent, then say u only "earn" xxx?
What is your definition of "earn"?
U change goalpost when it suits you

40% tax is only for the band above 50k.
Whatever you earn up to 50k GBP is taxed at 0% + 20%
Which means for the same amt u are earning in SGD at a B4, converted to GBP ur tax band is only 20%
No you are right in that technically duration is same but the SG conversion is 2PQE = UK NQ. That's what the market adopts. Also you count SG Bar but not UK Bar?

Anyway not here to split hairs save as to point out even not counting rent SG salary is only a few% less if you use market conversion. Now it's going to be a bit different in that the PTP is going to be extended, so UK TC now > SG TC.

CPF is not tax. I never said it was. You did. It is a deduction but it is your money.

You're right about banded tax. And we are on common ground. I never said it was a 40% flat tax, that's not the way most countries work. All I'm pointing out is that the tax rate there is crazily high. UK firms should pay even more to give incentives because of the high taxes.

Not from UK uni btw, but did consider just applying there anyway.
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