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StayingPower
Joined: 18 Aug 2006
Posts: 252
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 Posted: Tue Sep 05, 2006 12:33 am Post subject: Experienced at Finances? |
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How much can you rake in, in US dollars per month, after having worked at an organization such as HESS? This is after tax. I'd preferrably like to know this by including all other expenses too, such as rent, food, utilities, etc.
They guarantee you 24 hours per week, at NT560, but the income tax thing messes me up. Besides, I have a tight budget and will possibly be coming there to teach at HESS in October, so I have to be sure. |
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dangerousapple
Joined: 18 Apr 2006
Posts: 292
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| Posted: Tue Sep 05, 2006 2:59 am Post subject: |
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| try to come at the end of December, so you can get through your 20% tax period during the first 6 months of next year, and use the cheaper tax rate during the last 6 months to balance everything out. |
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markholmes
Joined: 21 Jun 2004
Posts: 661
Location: Wengehua
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I_is_teach_English
Joined: 01 Aug 2006
Posts: 44
Location: Taiwan
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blateson
Joined: 12 Mar 2006
Posts: 144
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| Posted: Wed Sep 06, 2006 1:28 pm Post subject: |
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| hey there, I'm not understanding, is 20% tax directly in Taiwan, or is this for back in your home country? I came to Taiwan of course recently, but I haven't even stepped foot in my home country for 3 years. One school I asked said I'd be paying 10% tax of my pay (they would take it out). Does this sound right? |
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atiff
Joined: 14 Jun 2006
Posts: 66
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| Posted: Thu Sep 07, 2006 2:37 am Post subject: Re: Experienced at Finances? |
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| StayingPower wrote: |
How much can you rake in, in US dollars per month, after having worked at an organization such as HESS? This is after tax. I'd preferrably like to know this by including all other expenses too, such as rent, food, utilities, etc.
They guarantee you 24 hours per week, at NT560, but the income tax thing messes me up. Besides, I have a tight budget and will possibly be coming there to teach at HESS in October, so I have to be sure. |
Actually, Hess guarantees 20 hours per week, not 24. On that amount, you can make about NT$45,000 per month before tax, or about NT$35,800 with 20% tax deducted. Most people agree that standard living costs amount to something like NT$25,000 per month, depending on where you live in Taiwan. Note this doesn't include some of the more expensive regular entertainment options that some people like to indulge in, or one-off costs and purchases.
Also note that, if you are worried about your initial finances, Hess offers an interest-free startup loan to all new teachers - check out the Hess website for details. |
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StayingPower
Joined: 18 Aug 2006
Posts: 252
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| Posted: Sat Sep 09, 2006 4:32 pm Post subject: |
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| Thanks Atiff. That's what I was looking for, although I'd heard that at HESS they have a lot of extra hours other than the maximum given? |
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BigWally
Joined: 07 Jun 2006
Posts: 765
Location: Ottawa, CAN (prev. Kaohsiung "the Dirty South")
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| Posted: Sun Sep 10, 2006 3:25 am Post subject: |
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| most chain schools will have a large number of extra hours available thru either extra classes or subbing for other teachers within the organization...if you want safety in finding a job before you arrive in taiwan a chain school is usually a good place to look |
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StayingPower
Joined: 18 Aug 2006
Posts: 252
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| Posted: Sun Sep 10, 2006 3:58 am Post subject: |
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| I'm feeling pretty positive about it and have been told the same, thanks. |
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