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  #11  
Old 08-17-2016, 08:48 AM
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Originally Posted by redearedslider View Post
Do you pay double tax?
It's okay, they charge policyholders for the capital lost from double taxation.
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  #12  
Old 08-17-2016, 08:52 AM
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It's okay, they charge policyholders for the capital lost from double taxation.
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  #13  
Old 08-23-2016, 07:25 AM
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Originally Posted by Ifoxzeal View Post
Hi all,

I am interested in working in Singapore, Hong Kong or Malaysia as an expat. I was asked about expected salary. Can anyone give me roughly each country's average salary for actuarial please?
*I have one year experience and soon to be ASA (need only FA to be ASA)

Please tell me that your number is expat rate already or not. And should I tell them the number in expat rate or just tell the normal rate and they will add the expat cost for me by themselves?

What should I consider if I want to move? I am quite paid well here and really have no idea how much is good in other country.

Thanks!
I am working in Singapore.

I doubt you will get "expat" pay at one year experience. Unless you're being paid by your current company in an internal transfer, you should expect to receive local salary.

In terms of salary, Malaysia is definitely lower (in USD terms). Hong Kong and Singapore are comparable I guess. Tax rates are low for both places, though as others mentioned US worldwide taxation applies (probably insignificant at your level but can get high as you climb).

IMO based on your post, I suggest not to move to Asia if salary is an issue. You're unlikely to get a pay raise from the move at your level, given the high supply of entry-levels in Asia. If you must move, Hong Kong is probably an easier move for you. Also note that work hours in Asia are longer.

Ask a recruiter for the salary ranges.
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  #14  
Old 08-25-2016, 05:48 PM
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Quote:
Originally Posted by Ifoxzeal View Post
Hi all,

I am interested in working in Singapore, Hong Kong or Malaysia as an expat. I was asked about expected salary. Can anyone give me roughly each country's average salary for actuarial please?
*I have one year experience and soon to be ASA (need only FA to be ASA)

Please tell me that your number is expat rate already or not. And should I tell them the number in expat rate or just tell the normal rate and they will add the expat cost for me by themselves?

What should I consider if I want to move? I am quite paid well here and really have no idea how much is good in other country.

Thanks!
1 HK dollar = 0.13 USD
while the salary amount is about comparable to US salary
http://morganmckinley.com/sites/morg...ide%202015.pdf
(page 27 for actuarial salaries)
coupled with much higher cost of living ....
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  #15  
Old 06-07-2017, 06:30 AM
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Don't think an ASA w/ 1 yr exp could get anywhere above ~3kUSD/mo in HK
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  #16  
Old 06-08-2017, 12:44 AM
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Don't think an ASA w/ 1 yr exp could get anywhere above ~3kUSD/mo in HK
Why is the pay so low in HK? Isn't it expensive to live there?
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  #17  
Old 06-08-2017, 07:51 AM
Jim Bob Cooter Jim Bob Cooter is offline
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Quote:
Originally Posted by HenryGale View Post
1 HK dollar = 0.13 USD
while the salary amount is about comparable to US salary
http://morganmckinley.com/sites/morg...ide%202015.pdf
(page 27 for actuarial salaries)
coupled with much higher cost of living ....
Those charts are HKD per month, not per year
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  #18  
Old 06-08-2017, 09:29 AM
nonlnear nonlnear is offline
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Originally Posted by Meepo View Post
Why is the pay so low in HK? Isn't it expensive to live there?


Because the people on the lower end of the socioeconoinc scale there are used to a much lower standard of living than us.
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  #19  
Old 06-08-2017, 11:23 AM
hjacjswo hjacjswo is offline
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if you are going to Asia better to get the fellowship and go there as a high level manager
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  #20  
Old 06-12-2017, 12:33 AM
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Quote:
Originally Posted by Ifoxzeal View Post
Hi all,

I am interested in working in Singapore, Hong Kong or Malaysia as an expat. I was asked about expected salary. Can anyone give me roughly each country's average salary for actuarial please?
*I have one year experience and soon to be ASA (need only FA to be ASA)

Please tell me that your number is expat rate already or not. And should I tell them the number in expat rate or just tell the normal rate and they will add the expat cost for me by themselves?

What should I consider if I want to move? I am quite paid well here and really have no idea how much is good in other country.

Thanks!
Rather than pure salary, you should consider the total compensation. Expats in Asia are often provided generous housing allowances and allowances for children's international school fees. Housing allowance is especially important if you are considering Singapore or Hong Kong.

As others have alluded to, tax rates can be quite low in places like Singapore. Although US citizens will need to file tax every year, the ultimate US tax liability can be quite low after considering the foreign earned income exclusion (something in the neighborhood of $100K US is excluded), foreign housing deduction (you can deduct the cost of foreign housing under certain criteria), and foreign taxes paid.

Edit: Just saw that you have 1 year of experience. My answer was more tailored to the FSA with 5-10 years of XP.
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