Sweet american tax rates and cost of living in NYC too.

sweet exposure, most importantly

I know this is a salary post but I sincerely do wish to find a partner. I only see my colleagues at work and they are all dating apart from myself. Any advice?

How to find girlfriend?
In a B4 everyday stay in office until 3am
9am back in office

careful dont be like that Drew asspc who "graduated with highest distinction from a local university" but kenna charged for molest huh

am starting TC soon. what happens if you make mistakes during TC or during the course of practice? everyone makes mistakes & the most impt thing is to learn from them , so i assume most bosses won't be too unhappy if you make a couple mistakes when starting out?

how do ppl cope with imposter syndrome

not retained

Nobody is going to f*ck you or throw you out for making mistakes, as long as it is a mistake that you do not repeat. Additionally, make sure your mistake is not due to carelessness (mistakes from lack of understanding or lack of instruction is more forgivable).

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%

Are American tax rates high? I thought they (NY) only range from 4 to 8% which is quite good compared to London

haha i was very careless but still managed to get retained in big 4

You need to add up State and Federal taxes and property taxes - I believe in NY it comes up to around the same, with a higher cost of living than London or Singapore (NY property is insane).

That said, when you are starting in your career, being in NY and being right at the HQ of a global firm, is a completely different experience from being in the 10 person Singapore satellite office where nobody is going to have time to teach you anything (and you might pick up bad habits that nobody has time to correct).

Not to mention, NY salaries are still higher than local firm salaries AFTER TAX so...

Thread is moving so fast no one will notice that I am very gay

Why you come out of the closet

The experience itself is worth it

The sweet american dollars and the american experience
Can you say the same for the unpaid TC firms

salt
 

You get salty sinkie lawyers here.
Low or negligible pay & subpar experience

Salty about US firms in NY sia. Big money low tax.

Unpaid TCs are the worst

High recommend paulin or emily

OC queen street pay how much?

Agreed. I second this , on emily. International firm jobs

note to n00bs, this is sarcasm. it always amazes me how people have consistently bad experiences w her

Honestly I've been hearing conflicting reports, are they actually as horrible as stated, because I can see some good reviews on their linkedin too.

Can someone with 1st hand experience actually let us know how they behave?

Foreign lawyer practising in Singapore here... are these a thing?!

if not retained do you pay for your own part B fees?

Their reviews online , even on this forum, ish not bad

YES.

It's a thing. Idk why SG doesn't adopt the UK/US style TCs which has consistently produced good candidates.

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.

Anyway let's leave it at this. Feel free to disagree, I'm just pointing out that post tax UK salary is ridiculous for the prestige that London firms have as compared to local firms. That's all. I have no incentives to prove or disprove anything. Thanks.

linus choo is pretty solid

Linus is good.

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).

But he never give any extras that the others give lei.

So how do i get from SG to NY???

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.

UK NQ seems now comparable to some of the top SG local rates post-tax.

I think London firms should move up their pay to cover rent and tax at least for foreign hires. Then again, if rent were an issue, it might be less competitive to hire a foreigner as opposed to a Londoner.

You all sleep under your desks? No need pay for mortgage? Work in UK need place to stay, work in SG don't need?

I think Singapore companies should move up their pay to cover rent and tax at least for CECA hires.

Some of yall just stealing oxygen from the rest of us, seriously

LPC if remember correctly has accelerated version if you're sponsored by your firm. 7 months start to finish, full time, fail anything you lose your TC.