12-13-2003, 08:54 AM
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You might be able to get articles in UK after clearing your Part II. A lot depends on your luck as well. But its a remote possibility that in your very first attempt you'll get into PWC or DELOITTE... However, on a pretty ironic note, an unofficial report suggests that 60% of the UK chartered accountants are asians (mostly pakistanis and indians)...
Its interesting to note that a lot of people who decide to go to UK just for the sake of getting better salary don't take into account the taxes charged... 22% of your income would be assessed under income tax... Then there are other NI charges and what not... Rent is somewhere near 250 pounds and travelling charges are upto 50 pounds... Your eating and other expenses have to be taken into account as well... So consider everything before you decide to go to UK after/during ACCA.
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With reference to what have been said already regarding the Taxation Legislation in the UK, I would add some rather factual concepts, which create illusion with many people these days.
I have researched quite a lot into the Taxation Legislation and the Rate of Tax on what people earn in the UK, and what I concluded was that the amount of tax a worker in Pakistan face is rather the same proportional to what the rate of tax for this financial year is in the UK.
I agreed with the other point that was raised that cost of living in the UK is very high. But if you convert it in Rs then yeah it is extremely high, however, if you compare the prices in Sterling terms and you would realise the purchasing power of UK people and I am sure then you would realise that it is not an expensive country to live in.
Also, the cost of borrowing, namely the Interest Rates, and the general sustained rise in prices, the inflation, is also quite low compared to Pakistan.
So, in conclusion, I think you need to look at bigger perspective if you want to compare the living standards and the cost of them in different economies.
Ahsan
You might be able to get articles in UK after clearing your Part II. A lot depends on your luck as well. But its a remote possibility that in your very first attempt you'll get into PWC or DELOITTE... However, on a pretty ironic note, an unofficial report suggests that 60% of the UK chartered accountants are asians (mostly pakistanis and indians)...
Its interesting to note that a lot of people who decide to go to UK just for the sake of getting better salary don't take into account the taxes charged... 22% of your income would be assessed under income tax... Then there are other NI charges and what not... Rent is somewhere near 250 pounds and travelling charges are upto 50 pounds... Your eating and other expenses have to be taken into account as well... So consider everything before you decide to go to UK after/during ACCA.
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With reference to what have been said already regarding the Taxation Legislation in the UK, I would add some rather factual concepts, which create illusion with many people these days.
I have researched quite a lot into the Taxation Legislation and the Rate of Tax on what people earn in the UK, and what I concluded was that the amount of tax a worker in Pakistan face is rather the same proportional to what the rate of tax for this financial year is in the UK.
I agreed with the other point that was raised that cost of living in the UK is very high. But if you convert it in Rs then yeah it is extremely high, however, if you compare the prices in Sterling terms and you would realise the purchasing power of UK people and I am sure then you would realise that it is not an expensive country to live in.
Also, the cost of borrowing, namely the Interest Rates, and the general sustained rise in prices, the inflation, is also quite low compared to Pakistan.
So, in conclusion, I think you need to look at bigger perspective if you want to compare the living standards and the cost of them in different economies.
Ahsan
