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-   Dubai Expat Forum for Expats Living in Dubai (https://www.expatforum.com/expats/dubai-expat-forum-expats-living-dubai/)
-   -   Salary and offer/package questions - Part 2 (https://www.expatforum.com/expats/dubai-expat-forum-expats-living-dubai/165611-salary-offer-package-questions-part-2-a.html)

dizzyizzy 1st August 2013 09:34 AM

Salary and offer/package questions - Part 2
 
Ok, time for a new salaries/packages thread.

This is a continuation of this thread so make sure your check it out too: http://www.expatforum.com/expats/dub...ours-here.html

Did you get a job offer but you are not sure if it's good enough? Post the details here and let the forum members give their opinions and advice. Usually there will be someone who is/has been/knows of someone who has been in a similar position to yours and can comment if the offer you just received is poor, average, good or above the standard.

Of course only you know your personal circumstances/standard of living/expectations, etc. but some third party perspective always helps.

fcjb1970 1st August 2013 10:00 AM

Quote:

Vantage, Thank you for the reply. I am a chemical engineer with refining/ petrochemical background. I am currently in leadership role. The offer is from similar type of industry in UAE.

The monthly pay of AED 50,000 is more than what I make here, however, my wife also works. So...the gross of AED 50,000 per month is less than the gross we make here in US. The bright side is, if we can manage with this income then my wife doesn't have to work if I decide to move to UAE.
Take some time to understand what your tax liabilities will be and how you can minimize those while here. When you add in housing exclusion the limit can go well past the 95K FEI exclusion. Also things you do back home, keep/sell house (I take a loss on renting mine, which still benefits me long term).

There is no more 401K matching, so you need to account for that if you are currently receiving it. Finally, depending on how much your tax liability is you may not be able to contribute to an IRA, so no money into your Roth while here.

On 50K/month you can certainly afford to have the wife not work and even afford a housekeeper to help out so she can focus on the kids. Just be sure that you are sending enough back to the states to make the time here worth while

quiet 1st August 2013 11:44 AM

Hello,

I'm offered 13k AED all inclusive, what do you think of it for a single, will I be able to save any?

LCRS 1st August 2013 12:45 PM

Quote:

Originally Posted by fcjb1970 (Post 1271277)
Take some time to understand what your tax liabilities will be and how you can minimize those while here. When you add in housing exclusion the limit can go well past the 95K FEI exclusion. Also things you do back home, keep/sell house (I take a loss on renting mine, which still benefits me long term).

There is no more 401K matching, so you need to account for that if you are currently receiving it. Finally, depending on how much your tax liability is you may not be able to contribute to an IRA, so no money into your Roth while here.

On 50K/month you can certainly afford to have the wife not work and even afford a housekeeper to help out so she can focus on the kids. Just be sure that you are sending enough back to the states to make the time here worth while

Thank you for quick reply. I approached my tax guy and he is not an expert in expat taxes. Is there a tax firm in US or UAE whom you may have used can help with understanding the tax implications/exemptions? Yeah....I have a townhome and if we decide to move then we plan on renting it out. Once again...thanks for your help.

fcjb1970 1st August 2013 02:47 PM

Quote:

Originally Posted by LCRS (Post 1271505)
Thank you for quick reply. I approached my tax guy and he is not an expert in expat taxes. Is there a tax firm in US or UAE whom you may have used can help with understanding the tax implications/exemptions? Yeah....I have a townhome and if we decide to move then we plan on renting it out. Once again...thanks for your help.

There is someone that advertises in the Classified section (link towards top of page). I have never used their services, though. I did the research myself, and I did miss the thing about Roth contributions which caused some headaches my first year. Had to have the money taken out of my account, bunch of forms with my broker to deal with.

One thing I did when I was researching was to use my tax software and go through a bunch of scenarios to try and get an understanding of as much as I could.

Rajko Keravica 1st August 2013 06:37 PM

Hello guys . I am totally new here. I got and offer from Cavalli Club Dubai ( Fairmont Hotel ) , to work there as a barback in a club, 8 or 9 hours working a day, 6 days off a month, visa, accommodation and flight payed, with 2500 AED salary and he told me that i will have around 1 or 2 thousands AED of tips. Also he told me that i will move after 3 months of probation work to the position of bartender or waiter. Is that good offer ? And i am also planing to come with my girlfriend, same club, she will be food runner. She have not got yet an offer.

I am hoping in a soon answer.

nspm 4th August 2013 08:20 PM

Moving to Dubai October 2013 - Salary package
 
Dear Friends,

I've received a job offer to move to Dubai and I really want to know if I can have a good life and take care of my family with the conditions that were offered. I would really appreciate your help and experience.

My job offer include:

Base salary: 185000 AED per year
Accomodation Allowance: 33000 per year
Car Allowance: 18000 AED per year
Health Insurance: Around 4000 AED per year
Flyback to my home country (Europe): maximum of 12000 AED per year - paid at occurrence

With a monthly income of: 15416 + 2750 + 1500 = 19600 AED, can I have a good life (save some money) and raise my family? I have one wife (at the beginning she won't be working, just taking care of my kid), 1 kid (1 year old) and 2 cats.

I would really appreciate your help.

Thank you very much.

Kind regards.

NM

zed_kid 5th August 2013 06:13 AM

Quote:

Originally Posted by nspm (Post 1275868)
Dear Friends,

I've received a job offer to move to Dubai and I really want to know if I can have a good life and take care of my family with the conditions that were offered. I would really appreciate your help and experience.

My job offer include:

Base salary: 185000 AED per year
Accomodation Allowance: 33000 per year
Car Allowance: 18000 AED per year
Health Insurance: Around 4000 AED per year
Flyback to my home country (Europe): maximum of 12000 AED per year - paid at occurrence

With a monthly income of: 15416 + 2750 + 1500 = 19600 AED, can I have a good life (save some money) and raise my family? I have one wife (at the beginning she won't be working, just taking care of my kid), 1 kid (1 year old) and 2 cats.

I would really appreciate your help.

Thank you very much.

Kind regards.

NM

Hey mate, I donít know what youíre making back home or anything about your lifestyle or what type of work you do, but Iím going to be brutally honest here and say that itís a very low offer for a family man. The base is not so terrible but you will need 3x the accommodation allowance just to rent something decent.

QOFE 5th August 2013 06:25 AM

Quote:

Originally Posted by nspm (Post 1275868)
Dear Friends,

I've received a job offer to move to Dubai and I really want to know if I can have a good life and take care of my family with the conditions that were offered. I would really appreciate your help and experience.

My job offer include:

Base salary: 185000 AED per year
Accomodation Allowance: 33000 per year
Car Allowance: 18000 AED per year
Health Insurance: Around 4000 AED per year
Flyback to my home country (Europe): maximum of 12000 AED per year - paid at occurrence

With a monthly income of: 15416 + 2750 + 1500 = 19600 AED, can I have a good life (save some money) and raise my family? I have one wife (at the beginning she won't be working, just taking care of my kid), 1 kid (1 year old) and 2 cats.

I would really appreciate your help.

Thank you very much.

Kind regards.

NM

It's a very tight budget with just one wife. I hope you're not planning to get yourself more wives.:rolleyes:

dizzyizzy 5th August 2013 02:09 PM

Quote:

Originally Posted by nspm (Post 1275868)
Dear Friends,

I've received a job offer to move to Dubai and I really want to know if I can have a good life and take care of my family with the conditions that were offered. I would really appreciate your help and experience.

My job offer include:

Base salary: 185000 AED per year
Accomodation Allowance: 33000 per year
Car Allowance: 18000 AED per year
Health Insurance: Around 4000 AED per year
Flyback to my home country (Europe): maximum of 12000 AED per year - paid at occurrence

With a monthly income of: 15416 + 2750 + 1500 = 19600 AED, can I have a good life (save some money) and raise my family? I have one wife (at the beginning she won't be working, just taking care of my kid), 1 kid (1 year old) and 2 cats.

I would really appreciate your help.

Thank you very much.

Kind regards.

NM

I agree with Zed, you may be able to rent a studio or small 1 bedroom but you won't save lots. Is your wife panning on working? Also keep in mind that nursery and school fees are hideously expensive, and once your son is school aged this will make things very difficult unless your employer has agreed on paying for this later on.

Also you don't say what kind of job is this so is impossible to tell you if is a fair offer or not.


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