Career as Teacher

Originally Posted by Unregistered

…you appear to have totally misunderstood the two posts just before yours?

And that’s typical gen z behaviour.

How much can one (JC2) earn if selected for MOE’s NIE degree sponsorship after graduation and in 10 years time?

Originally Posted by Unregistered

How much can one (JC2) earn if selected for MOE’s NIE degree sponsorship after graduation and in 10 years time?

At least $1m.

[QUOTE=Unregistered;294574]

Originally Posted by Unregistered

Hi i got posted to Regent sec for my practicum. Does anyone have info on this school? Heard of the low manpower and high turnover rate. :`< any way i can request to change schools?
I am from a neighbouring school. An infamous school. You should just give it a try. Can always fail your first practicum and be posted to another school if you cant handle it.

I have a colleague who was once posted there. She had nothing nice to say about the school. Overworked and high school office politics.

Work overtime is normal in Asia culture. Just suck it up. Always say overwork but never say overpay?

Company pay you to work as much as possible. Not happy just do own business. Your money your rule.

Hi, gonna get connect payout soon.

Financial advice from 前辈 and seniors appreciated, esp pertaining to SRS contributions. Thank you. 🙏🏻

Originally Posted by Unregistered

Hi, gonna get connect payout soon.

Financial advice from 前辈 and seniors appreciated, esp pertaining to SRS contributions. Thank you. 🙏🏻

If you want to avoid the jump from the 7% income tax rate, definitely contribute to SRS and your parents' and yours CPF SA/RA.

Originally Posted by Unregistered

Hi, gonna get connect payout soon.

Financial advice from 前辈 and seniors appreciated, esp pertaining to SRS contributions. Thank you. 🙏🏻

Hi, so you’re in service for 4 years already? When did you start counting from? Is it only after you officially started your bond?

Originally Posted by Unregistered

Hi, gonna get connect payout soon.

Financial advice from 前辈 and seniors appreciated, esp pertaining to SRS contributions. Thank you. 🙏🏻

If this is your first payout, then your income tax for next year will increase quite significantly. I calculated that mine will jump by about 3k.

You can consider CPF top up or SRS contributions. However, you only get a one-off tax relief, and in exchange, your money is tied up in those accounts for the foreseeable future.

If you already savvy enough to invest your money in stocks/bonds, I wouldn't recommend doing either as it will tie your money up when perhaps it could have grown more investing them yourself. If you're not already actively investing, perhaps you can consider both options (CPF is a safe 4% return, SRS you have to do a bit more homework yourself). I will probably only consider contributing to CPF/SRS when my marginal income bracket hits 15% (if it ever does).

Originally Posted by Unregistered

Hi, so you’re in service for 4 years already? When did you start counting from? Is it only after you officially started your bond?

CONNECT Year starts from the following year after you join service full time.

If you joined (permanent) in July 2020, CONNECT Year 1 starts from Jan 2021.

Payouts are December of Year 4, Year 7, Year 10, Year 15 ....

So those who joined service in 2020 will get their payout this year.

Year 1 - 2021
Year 2 - 2022
Year 3 - 2023
Year 4 - 2024