![]() If you are a new customer, select a Living Expenses Card when completing your online application, or let your Customer Service Officer know when you’re applying. The amount you have nominated will be credited to your card pre-tax, in equal instalments, every time you get paid. You can nominate the amount of your salary you’d like to package toward everyday living expenses (up to the annual limit of $9,009). I believe I have done some extensive research but an opinion of the people in this forum will definitely help me in deciding to go for this opportunity or not.The Living Expenses Card allows you to pay less tax by claiming living expenses using a pre-paid, reloadable Mastercard. As I will be getting relocation, thus would like to avoid carrying the items which we get in these rented apartments otherwise will add them as well in my list of relocation. How much is agent fee in general and how do they have agreement, is it always 1 yearly or we can have a flexible duration as well?ħ) In rented flats, what all things they provide, I saw various houses and many of them have Refrigerator, washing machine, air conditioners (I heard due to hot weather it’s mandatory to have one) and microwave? Are these photos just to fool future tenants or does all these things really come with rented apartments. How much budget I should keep for that? Will 25000 HKD/ month be good enough in those areas? If not please suggest a budget as well?Ħ) In Case of rent deposit, what is a bargain, I saw people having different answers for that, varying from 1.5 month-3 months of advance rent as deposit. I will need a 3 BHK apartment as planning to move with my parents next year. ![]() The figure goes in wide range from 900,000-1.3M HKD/year depending on various sources.ġ) How much salary I should quote so that it looks reasonable and i don't freak out my prospective employer? Keeping that mind 17% tax structure of HK, how much I should ask so that I can maintain my current lifestyle with this challenging and exciting job?Ģ) I see in various responses, that in HK your package(CTC here) is divided into 13 months instead of 12 months, Can somebody confirm that, as till now I have calculated everything assuming 12 months’ salary structure.ģ) Do we need to pay double tax in first year of employment in HK?Ĥ) How salary structure is in general, I see allowance as 240,000 for married persons, except that, is house allowance, travel allowance also a component of salary or not?ĥ) My office will be in Central and as I have no clue about HK but heard that their public transport is great and I will stick to public transport only for daily commute, can you please suggest some areas for rented flats within 30 min distance. ![]() Now as I earn almost 23000HK/month(after tax) in India and save almost 9000HK/month after my expenditure (which is not a cost- saving lifestyle in India, I enjoy my lifestyle and keep a standard living including weekend fun and a nice rented apartment).Īfter going through these websites, I got to know that comparable income figure in HK for me should be around 130K HK/Month (after tax) which I put in 12 months a year salary format after checking my tax and all from the HK government website (Read More) and the final figure as CTC comes up to about 1.8M (which in my opinion is quite high).Īfter checking various salary estimation websites like (Payscale, Glassdoor) and reading through various salary survey for HK, I got to know that I may not easily get above mentioned figure for this job of mine. I have checked the comparable analysis on various online forums like Read More and Read More and it looks like living cost in HK is almost 300% higher than what I pay in India (Mumbai). I am a well-paid employee right now in India and combining it with my wife’s added support thanks to her job, I am able to save almost 40% of our monthly income (after Indian tax-30% here. Challenges attached to this job will be lot of travelling so family had to stay back, thus will need a decent house in a good neighborhood. ![]() With almost 7 years of dry bulk chartering and operations experience, I am being offered this job of AVP (Head of Commercial) I am exciting to get this opportunity as this gives me a chance to have international exposure and a leadership role. I have some doubts about the living expenses. I will be moving to HK with my family of 4 (wife, 2 kids – 13 & 9 years and me) for first year and then as I would like my mother (dependent on me) to move with me from say 2nd year onwards. I have applied for a job in HK and cleared all technical rounds, now it’s time for salary negotiation and my company has asked me to give my side of expectation first instead of making an offer from their side. I am a 43-Year-old Shipping professional with about 7 years of experience in Dry Bulk Chartering and commercial Operations.
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