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Today 10:16 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
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.
Today 10:11 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
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).
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.
Today 10:10 PM
Unregistered So how do i get from SG to NY???
Today 10:07 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
linus choo is pretty solid
But he never give any extras that the others give lei.
Today 08:38 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
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.
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).
Today 07:28 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
linus choo is pretty solid
Linus is good.
Today 06:21 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
am looking for in-house roles

any recruiters to recommend? thanks!
linus choo is pretty solid
Today 05:48 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
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.
Today 05:42 PM
Unregistered
Quote:
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.
Today 05:04 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Foreign lawyer practising in Singapore here... are these a thing?!
YES.

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