Opinion on remuneration pkg.

[2nd Timer]

US citizen and family relocating back to SG this summer.

Employment by European company, not US.

General Mgr. position w/11yrs vast and varied intl experience in marine and offshore.

Pkg offered:

Salary: USD 96k (first year only, then revised based on sales)

Tax: SG tax paid (salary only)

Insurance: employee only

Housing: 6k/ month

Car: paid in full

Intl School: paid in full

Relocation

Bonus/Commission: possible first year, then renegoiate compensation pkg.

Salary is 45% less than last job based in US but intl travel to jobsite.

I think it's a good start but needs to be adjusted.

I know what I am worth, just would like to get a feel for what is now customary for US expats in this year, 2006. This is not the late "90s or early 2000 anymore and realize that for most people hugh packages are not as common. Still, it would help to get feedback as to the current compensations of my counterparts.
Thanks

[Who?]

Hugh who?  And how do you know the size of this package.

It's spelled huge.

Housing depends on the size of your family, how many kids?  If one or two, that is fine and seems normal.

Otherwise, car and school is sorted.  That's normal.

The tax thing is a nice benefit, not often seen.

Base salary is good but hard to gauge agains different companies, industries, etc.

The one problem is health insurance for the family, you mention "employee only".
That is problematic.

Lastly, US companies usually provide at least one trip home (business class) for the whole family.  I get two trips, but I am single.

I am American, working here for an American MNC.

[2nd Timer]

Who?...sorry for the misspelling. Of course, I meant to say "huge".

I am American, hence still will be taxed by US, thus the offer by company to pay SG tax.

I will definitely not accept just insurance for myself only, they will have to provide for my family as well.

This company is European and this is just one of their intl offices.

They have offered only economy tickets once a year for home leave. Business class is what I will request once again as it is pure torture to fly 40hrs in coach class.

[Who?]

My company has no policy for paying local taxes.  My employer is American as am I.

The FEIE clause helps a lot.  But, I pay both US and SG taxes.  That was part of the salary discussion though, so I went into it with eyes wide open.

Alternatively, maybe just a "home leave allowance" for flights.  Then you can decide how much you want to spend, how to travel, etc.  This is actually my arrangement.  I sometimes only go home once per year and pocket the rest.

[2nd Timer]

Who?   Are you not tax equalized by your American employer? I would find it quite irregular that an American company would require you to pay both your SG and US taxes, unless of course they have provided for this by an increase in salary.

Your idea of a home leave allowance sounds reasonable. I could compute a figure that is between the business class tickets I want and the economy class they have offered. FYI---they did offer business class, albeit one way only, for our relocation.

[Who?]

No tax equalization.

However, my gross annual income is about US$110,000 - I'm 30 years old and single.  So, total tax exposure is very limited.  For 2005 my assessment after FEIE, credit for foreign taxes paid, US property tax exemption, foreign housing exemption, etc was less than US$300.

Works for me!

[2nd Timer]

Who?    Assuming I have total S$335k in salary and allowances, what would be the tax rate on this amount? Is it best to just add this amount to my salary and pay it on my own?

This is all very confusing being American working for neither a US or SG company and residing in SG. There has to be others like me in the same boat who would have experience in handling this.....if you are, please fill us in on how you do it.

Thanks

[expat mom]

You need to ask this company to pay for you to see an international tax specialist for consultation.  Then you can get a real idea of the amount of money you will owe  uncle sam and how much help the company should give you.

[Definitely]

While your company here is European, it is surely registered in Singapore and so will follow SG regulations.

[goodluck]

Hi 2nd timer, with ur salary, u will pay the highest tax available, which is 21% for year 2006.

For more info. visit http://www.contactsingapore.org.sg/index.shtml

it's helpful to clear some of ur doubt. Good Luck!