Unless you are a PR or citizen in Singapore, there is no end game for expats in Singapore thats the reality. Big up to the guest who can afford almost 200k SGD per annum in international school feels. Very impressive
@@Jinke888 But how do you maintain an EP if you loose your job? What I mean is true PR ( like ANZ Canada )which can only be revoked if you become criminal not if you loose you job ( for whatever reason downturn/ health etc ) Singapore is great place for professionals no doubt but there is this ambiguity about PR !
@jiti5034 a PR in sg needs to be renewed. I suppose if you lost your job and didn't get another, there could be a risk your PR isn't renewed. The PR in Singapore isn't a permanent life long thing
An expat is a wrong guy to talk about retirement in S'pore. Unless he is paying into CPF which he doesn't need to. And by not paying into CPF, he can't participate in SRS a/c. An Expat doesn't really connect with the locals. Most expats live the high life in S'pore during their working period. All their living costs like housing, kid's education & transport are being paid by their employer. If they do pay into their pension fund, it would be in their domestic country's pension scheme. Also, they wouldn't invest into S'pore properties as they don't intent to stay or live in S'pore permanently. They come to S'pore as renters.
Certainly felt like this guy was holding back on what he actually wanted to say, i guess when it comes to investments, you have to be cautious about what to say, otherwise it may come out as 'financial advice'. I’d have like to know more about the comparisons between HK & SG based on his experience & opinions (e.g. which is better if you want to work in finance), I think that was a missed opportunity. I do agree with his life principle, life is short! How ironic that he is working in such a demanding industry though lmao
what you did not mention is that once you want to leave Singapore the government charges you a flat rate 24% on every dollar you withdraw from SRS. This piece of very important information is missing in 99% of the SRS talk
urgh, that is if u withdraw before 62. i work in japan. i can keep my pension there until 65 n get regular payment. but i withdraw n i have to pay 20% tax.
What’s your retirement plan?
There’s more than enough in my CPF 😁
@@bell-xk5ddso wat if u hv 6 digits in ur cpf?
6 digits in exchange for 4 digits mthly instalment or 2 digits daily allowance, and u ok?
@@bell-xk5dd yahooooooooooooo
@@eugeneteo9664
😁 I guess I can speak for most Singaporeans too. This is what our CPF is for, isn’t it? 👍🇸🇬
Tbh, if i were you, my retirement plan is escape from *super Orwellian country like SG.* Before it's too late. 😂
Unless you are a PR or citizen in Singapore, there is no end game for expats in Singapore thats the reality. Big up to the guest who can afford almost 200k SGD per annum in international school feels. Very impressive
What happens to the PR if you loose your job and can;t get one at same level fora long time?) Compared to Canada / ANZ PR)
@jiti5034 As long as you can maintain an employment pass, the PR won't be at risk
@@Jinke888 But how do you maintain an EP if you loose your job? What I mean is true PR ( like ANZ Canada )which can only be revoked if you become criminal not if you loose you job ( for whatever reason downturn/ health etc ) Singapore is great place for professionals no doubt but there is this ambiguity about PR !
@jiti5034 a PR in sg needs to be renewed. I suppose if you lost your job and didn't get another, there could be a risk your PR isn't renewed. The PR in Singapore isn't a permanent life long thing
新加坡目前永久居民只开放了华人，他们要保持民族的主体性
Some investments in Singapore, part time teaching online, a successful BnB and three investment properties.
I need to move to singapore 🇸🇬 with immediate effect
An expat is a wrong guy to talk about retirement in S'pore. Unless he is paying into CPF which he doesn't need to. And by not paying into CPF, he can't participate in SRS a/c. An Expat doesn't really connect with the locals.
Most expats live the high life in S'pore during their working period. All their living costs like housing, kid's education & transport are being paid by their employer. If they do pay into their pension fund, it would be in their domestic country's pension scheme. Also, they wouldn't invest into S'pore properties as they don't intent to stay or live in S'pore permanently. They come to S'pore as renters.
Certainly felt like this guy was holding back on what he actually wanted to say, i guess when it comes to investments, you have to be cautious about what to say, otherwise it may come out as 'financial advice'.
I’d have like to know more about the comparisons between HK & SG based on his experience & opinions (e.g. which is better if you want to work in finance), I think that was a missed opportunity.
I do agree with his life principle, life is short! How ironic that he is working in such a demanding industry though lmao
Not good. Feels more like an infomercial than actual content about expat living. Very unlike other videos, like the Ayam Penyet one
The sad reality is that this “content” helps to pay for the channel?😮
@@getsmartpaul it feels less personal, and I also got the impression he held back from being fully honest.
Nowadays your video is like 80% advertising, 20% Singapore content. Stop using Singapore when there is nothing about it
Wouldn’t trust anyone from UBS. lol iykyk
LKY, GIC, 10B. 😂
Wouldn’t trust anyone in finance and banking. They dont create or help creating anything except taking money from you
What can a US person invest in with a SRS? Seems only government bonds...
Crypto, US stocks, unit trust, ASB & EPF
hope to see Vietnamese in your next interviews
Keeping cultivation land with farm house and medium investment in stock market
High tax in uk holds it back
What am absolute waste of time. We don't need all the financial discussion.
REITS! This guys on the clock shilling the garbage he sells at work. Highly unlikely that's a major part of his personal portfolio.
and where does this guy get the money to do this???
He worked at Morgan Stanley, where do you think?
Tbh, if i were you, my retirement plan is escape from *super Orwellian country like SG.* Before it's too late. 🤭
Uk sucks singapore better weather, food uk riits, drunkd etc
what you did not mention is that once you want to leave Singapore the government charges you a flat rate 24% on every dollar you withdraw from SRS. This piece of very important information is missing in 99% of the SRS talk
urgh, that is if u withdraw before 62. i work in japan. i can keep my pension there until 65 n get regular payment. but i withdraw n i have to pay 20% tax.
I am relocating to Africa as banana 🍌 is abundance 🎉🎉🎉