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The BMW Range
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What can i get from a monthly salary of RM12K after tax?
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<blockquote data-quote="funfer_fahrer" data-source="post: 162124" data-attributes="member: 2733"><p>Since you have abroad for quite sometime and know what the situation is compared to here, I am confident that you are going to make a wise decision. There's a saying that there are two things that you cannot escape - death and taxes. But, I don't see any reason why must you pay more? There is an alternative, and by purchasing a used or a recond unit you are actually getting a huge discount. A 50% depreciation may seem small for a country which has E60 selling for RM120K, but imagine here at around RM460K! After 4 to five years you will enjoy RM230K discount and that is almost equivalent to the price of my house that I am currently living. Yes, you probably going to miss the "new car smell" but is that such a big deal compared to the money you are going to lose in 5 years' time? The car you are going to purchase might not be 100% in pristine condition but I don't think you will need RM100K to make it look like new. True, you are going to see 25% pay rise in a short while. Have you ever consider the amount of tax that is going to imposed on you because of that pay rise? After deducting EPF you probably end up with 10% to 15% pay rise NETT. Once again, is that a lot money? I don't think so. I've been there.</p></blockquote><p></p>
[QUOTE="funfer_fahrer, post: 162124, member: 2733"] Since you have abroad for quite sometime and know what the situation is compared to here, I am confident that you are going to make a wise decision. There's a saying that there are two things that you cannot escape - death and taxes. But, I don't see any reason why must you pay more? There is an alternative, and by purchasing a used or a recond unit you are actually getting a huge discount. A 50% depreciation may seem small for a country which has E60 selling for RM120K, but imagine here at around RM460K! After 4 to five years you will enjoy RM230K discount and that is almost equivalent to the price of my house that I am currently living. Yes, you probably going to miss the "new car smell" but is that such a big deal compared to the money you are going to lose in 5 years' time? The car you are going to purchase might not be 100% in pristine condition but I don't think you will need RM100K to make it look like new. True, you are going to see 25% pay rise in a short while. Have you ever consider the amount of tax that is going to imposed on you because of that pay rise? After deducting EPF you probably end up with 10% to 15% pay rise NETT. Once again, is that a lot money? I don't think so. I've been there. [/QUOTE]
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What can i get from a monthly salary of RM12K after tax?
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