Quote:
Originally Posted by Unregistered
Just some back-of-envelope calculations.
NQ pay at a MC firm is around 100k a year. Using s://.thesalarycalculator.co.uk/salary.php, take home is then around £5,500 a month (SGD 9,000 or so).
Apparently A&G pays 7,000 SGD gross for their NQs?
So you can afford to pay 2,000 SGD in rent as a UK NQ, and still have your NET pay be higher in the UK than the gross pay.
And this is not even taking into account that UK trainees are paid at 45-50£ a year during their TC, while SG trainees get peanuts (or the different stages of the legal supply chain that Singapore firms and international firms sit).
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Yup. Guess UK TC wins but the tax is a killer (how do you even get a banded rate of up to 40%?) I am absolutely appalled at their high income tax. NQ to NQ, the present Part B + PTC means it is one year. UK TC/SQE 2 years, LPC is one year full time. That's 3 years (correct me if I'm wrong).
So properly computed, Part B + PTC (1Y) = 2 Year SQE + 1 year LPC. SG NQ takes 1 year, UK takes 3 years hence UK NQ = 2 PQE for SG.
This *might* change in future. Who knows.