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Job offer in Riyadh
Hello peeps After a long time and many turns and twists I have been offered a job in Riyadh. This is what I have been offered: SAR 68000 per month Family return tickets once a year Medical Insurance School fees for one child Me and my wife earn 100k every year in UK. Is this a good offer? I have two kids but have been offered education allowance for only one. I was personally hoping for a bit more too ( not being greedy, uprooting myself and kids from London won't be an easy task). Please help me with your valuable suggestions. |
Re: Job offer in Riyadh
Sounds like a very good offer. Are you saving both you and wife were making 100K each? 68K would be tax free, correct? I would take it for experience.
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Re: Job offer in Riyadh
If you go do you have an exit strategy ? What will you do after KSA ? In some fields working in that region is the kiss of death. Re-entering the labour market in Britain after a spell in Arabia may not be possible.
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Re: Job offer in Riyadh
Originally Posted by pupdawg82
(Post 12497123)
Sounds like a very good offer. Are you saving both you and wife were making 100K each? 68K would be tax free, correct? I would take it for experience.
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Re: Job offer in Riyadh
Originally Posted by scot47
(Post 12497134)
If you go do you have an exit strategy ? What will you do after KSA ? In some fields working in that region is the kiss of death. Re-entering the labour market in Britain after a spell in Arabia may not be possible.
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Re: Job offer in Riyadh
Does that figure include you having to pay for accommodation? Or will that be provided? 68K a month is around 150k GBP a year so 50% more than your combined incomes at the moment. Is the 100k a year before or after tax?
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Re: Job offer in Riyadh
Originally Posted by nonthaburi
(Post 12497204)
Does that figure include you having to pay for accommodation? Or will that be provided? 68K a month is around 150k GBP a year so 50% more than your combined incomes at the moment. Is the 100k a year before or after tax?
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Re: Job offer in Riyadh
Originally Posted by Nathan14
(Post 12496588)
Hello peeps After a long time and many turns and twists I have been offered a job in Riyadh. This is what I have been offered: SAR 68000 per month Family return tickets once a year Medical Insurance School fees for one child Me and my wife earn 100k every year in UK. Is this a good offer? I have two kids but have been offered education allowance for only one. I was personally hoping for a bit more too ( not being greedy, uprooting myself and kids from London won't be an easy task). Please help me with your valuable suggestions. |
Re: Job offer in Riyadh
Originally Posted by omega7
(Post 12497387)
It's certainly not a bad offer. Having said that do expect at least that up to a quarter of your salary would be spent on housing/schooling. So all in all its less than twice your current net income, but with the bonus that the wife wont have to work. For me personally that wouldnt be an attractive enough reason to move, unless the job was super exciting (and there are some of them in Riyadh at the moment). What's the sector?
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Re: Job offer in Riyadh
In such a case, you will get ~100k net p.a. compared to 100k at home (albeit gross). You save the taxes, and you may be renting now so you also save that cost....but still...all in all i wouldnt go to Saudi for anything that is not a solid multiple of my current net earnings.
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Re: Job offer in Riyadh
I wouldn't do it for that package, there are too many risks involved for my liking, such as...
Job insecurity Exchange rate volatility Hidden costs around schooling, transport, utilities, housing, entertainment, flights home Potential UK income tax, NI and capital gains tax liability Quality of kids education Regional stability and safety Non-earning time when you mobilise/ demobilise Pension savings x2 It's not a bad package, but there is a risk that either you or the family don't settle in KSA and you all end up back in the UK inside a year, out of work and facing a large tax bill. |
Re: Job offer in Riyadh
Originally Posted by Johnnyboy11
(Post 12498001)
I wouldn't do it for that package, there are too many risks involved for my liking, such as...
Job insecurity Exchange rate volatility Hidden costs around schooling, transport, utilities, housing, entertainment, flights home Potential UK income tax, NI and capital gains tax liability Quality of kids education Regional stability and safety Non-earning time when you mobilise/ demobilise Pension savings x2 It's not a bad package, but there is a risk that either you or the family don't settle in KSA and you all end up back in the UK inside a year, out of work and facing a large tax bill. Thanks for the reply. A few questions if you don't mind. 1. I have asked for te package to be revised. If it goes up, would that make it any lucrative? 2. Why would I have to pay tax if I have left the country with the family? Regards |
Re: Job offer in Riyadh
For the offer to become lucrative, it has to go up substantially (e.g. a mere 10% wont be of much help as a differentiating factor, although if you are ready to take the job anyway, then it will at least sweeten the deal). Your best bet is to insist on housing and schooling. Depending on how much they want you (and their overall policies) they might give you either or both (or nothing of course).
Except the risks that Johnny mentioned, Saudi is not the place where you come and spend (read waste) your years for just ~30-40,000 per annum in extra savings. |
Re: Job offer in Riyadh
Originally Posted by omega7
(Post 12498176)
For the offer to become lucrative, it has to go up substantially (e.g. a mere 10% wont be of much help as a differentiating factor, although if you are ready to take the job anyway, then it will at least sweeten the deal). Your best bet is to insist on housing and schooling. Depending on how much they want you (and their overall policies) they might give you either or both (or nothing of course).
Except the risks that Johnny mentioned, Saudi is not the place where you come and spend (read waste) your years for just ~30-40,000 per annum in extra savings. Many thanks. I was thinking of more like 15 percent raise plus schooling for both. So a figure of around 80 plus schooling . Does that sounds lucrative? I am far away from making my mind up yet. Honestly, you reckon my 4 years as a project manager in railways will not add anything to my cv? |
Re: Job offer in Riyadh
Originally Posted by Nathan14
(Post 12498212)
Hi Omega
Many thanks. I was thinking of more like 15 percent raise plus schooling for both. So a figure of around 80 plus schooling . Does that sounds lucrative? I am far away from making my mind up yet. Honestly, you reckon my 4 years as a project manager in railways will not add anything to my cv? |
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