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Contract job in Malaysia

Vignesh Ram

Hi All,

I'm AS400 developer with 5+ years of experience working in MNC, Chennai. My current take home is 52k & I'm married expecting a baby in months.

I've been offered a job in Insurance company in KL with 8k RM/month. And its a contract job of 1 year with possible extension. Also the pay will be under consultancy name.

My ask here is, did anybody accepted the offer like this & moved to Malaysia leaving job in India. What are the challenges faced? Is it a good offer if I'm living with my family in KL? How much will I be able to save?

About me, I'm never a lavish spender & count each penny while spending on anything.

Any contacts or guidance will be highly helpful. Thanks in advance for all you do.

See also
Gravitas

If you would be working for a contract outsourcing company it  is never the best solution. Direct employment is much better. With outsourcing there is high pressure and often problems leaving the company. What I mean by that is to change job a No Objection letter is required and outsourcers are notorious for not providing it.

All it means though is as long as you don't renew your employment pass with them after 1 year and are prepared to leave Malaysia and start again to find work it will be OK.

Check on Numbeo for a comparison of your current location to KL for cost of living.



Tax for first 182 days is flat rate 28%. But the difference between non-resident rate (28%) and resident rate is refundable the following year when tax return is submitted. So it just affects take home pay for 6 months and overpayment refunded about May/June following year.

You can work out tax once considered resident using this guide.



Or this

Tax calculator


At a rough guess you will be able to save about RM 3000 per month. I imagine there will be no pension contributions when working for an outsourcer

Vignesh Ram

Thanks for the answer. That helps a lot.

Gravitas

The salary is probably a bit on the low side with 5 years experience. RM 9500 upwards is more realistic

Gravitas

I don't know if this would be of any help