When you are working on a company, there will be taxes that will be deducted to your salary every cut off of your pay. You should know that everyone in the world is paying taxes to contribute to the community. But I have realized that my salary is low that the usual pay. But I work my ass off to get the salary I deserve.
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Monitoring exchange rates before a big trip is a hassle, as is queuing up at the money changer with a big stack of cash in your pocket.For most of us who end up doing a lot of things at the last minute when it comes to travelling, changing money is often a case of just showing up at the airport and being subject to whatever the rates are at that point in time. This is where the HSBC QuickFX app helps greatly. This nifty new app offers a comprehensive slew of FX solutions for just about any FX need you may have. Converting your money can be done seamlessly and on the go using the app, even when you’re in the taxi rushing to the airport
HSBC QuickFX / HSBC Bank Singapore
The offer a good prepaid account fees as compared to other platforms. I have been using it for a while to buy dividend stocks (ie. STI index), as it is simple to put in orders. They also offer free investment classes monthly at their different outlets where you can learn more about how to use the Phillip POEMS platform, or other beginner investment knowledge.
Phillip Futures Forex / Phillip Futures
They have a very much improved user interface compared to years ago. Standard chartered bank is really making an effort to compete with other brokerages and offers no custodian fees, while Shares are not kept in CDP. They offer a low brokerage fees with access to most overseas markets. However, their foreign exchange rate is not very good but the make up with a good watch list and price quote interface. You are able to see buying power, portfolio and stock info.
Standard Chartered LiveFX / Standard Chartered Bank Singapore
UTRADE FX Elite / UOB Kay Hian
iOCBCfx is a properly regulated Singaporean forex broker. Despite having a somewhat limited forex portfolio, when compared to other local forex brokers, it still offers better trading conditions for retail clients; lower deposit, higher leverage, even though much lower than that of larger international brokers, and tighter spreads. In some respect they are comparable to those of the global players present in Singapore and can turn out to be very helpful for those who wish to do business with a local broker.
iOCBC FX Platform / OCBC Securities
Saxo Bank is a Forex Broker offering Forex Trading services via SaxoTrader Desktop, Mobile and Web trading platforms. Regarding orders execution model, Saxo Bank is a b-book broker (a market maker). Saxo Bank offers trading of currencies, indices, equities, options, futures, ETFs, bonds, CFDs and commodities. Saxo Bank is regulated by the Danish Financial Supervisory Authority. I have been using it for overseas equity and the fees are fair enough as per transaction was $4 for most of my trades. Nice mobile app, trades are executed faster, with a nice interface.
Saxo Markets Forex / Saxo Capital Markets
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Singapore follows a progressive resident tax rate starting at 0% and ending at 22% above S$320,000. There is no capital gain or inheritance tax. Individuals are taxed only on the income earned in Singapore. The income earned by individuals while working overseas is not subject to taxation barring a few exceptions. If the company is not doing the right tax deduction you can report them to the IRAS.