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Post by vpainter on Nov 2, 2013 23:43:41 GMT
Everyone should understand anything written on this forum is always unofficial.
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Post by azraeil on Nov 3, 2013 10:20:47 GMT
vpainter,
This is across the board. Personnel just sent the policy changes email on Thursday.
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Post by vpainter on Nov 5, 2013 5:35:23 GMT
Just remember anything, even policy posted here is from an unofficial source, even if copying the policy book verbatim. Things change constantly.
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Post by cuttlefish on Nov 5, 2013 16:43:06 GMT
I'm on US payroll. Car sales is a lump sum for up to 2 vehicles. I was told that it had to be sold to an "agent" also, and I'm expecting the paperwork with the official policy soon. I think that as long as you can verify the sale (copy of transfer of le) it could qualify. Best bet would probably be a dealer, though. Don't know if it's the same for all (Grade Code, etc.), but I was told $5OOO per car, up to 2 cars. Value of car or sales price doesn't matter, it's the same lump sum for each.
Also, there's a home sales/rental assistance policy also. Within 1 year of date of hire (stepping on the plane), you could qualify for the lesser of $20000 or 2 times base monthly salary for sale of a home or $10000 or one month base salary for rental of a home through a realtor or official agent.
Still not firm on details yet, as this was shared with me over the phone. Perhaps I'll learn more next week at my Houston orientation.
Also no information about if this applies to other payrolls. It's a new policy.
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Post by Radiance on Nov 6, 2013 11:55:40 GMT
It applies to UK payroll as well because our Relocation Officer sent us an email yesterday with the new policy attached.
I am unable to paste it here because I don't know if it is appropriate to paste official policy document in this forum. Thanks to VPainter who has warned that anything posted in this forum is unofficial.
The only thing I want to contribute is that, the car must be sold to a licenced car dealer for you to qualify for the lump sum payment. Here's an excerpt:
"The private motor vehicle must be sold to a registered car dealership. Private sales are excluded from this policy, for example selling your motor vehicle to a friend or family member. Only original receipts of sale will be accepted for verification and must include the car dealerships registered license number"
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Post by sparamco on Nov 6, 2013 13:05:54 GMT
Are this policy changes applicable for Euro payroll?
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Post by jeff.melick on Nov 9, 2013 1:28:47 GMT
Here is the text I received regarding loss of sale on vehicles. Basically, it offers 0.5x base monthly salary for up to 2 vehicles. I plan to sell a motorcycle and a car, meaning I expect to receive 1x (0.5 times two) my base salary, upon showing proof.
Unfortunately, it is vague about the "loss" part. Neither of my vehicles is worth half of my base salary, so I won't really be "losing" anything. However, after seeking clarification from ASC in Houston, I expect to receive the full 1.0x salary (total for 2 vehicles). Here is the text:
Loss on Sale of Automobile Policy:
Allowance for Loss on Sale of Vehicle (car/motorbike) or Cancellation of Lease
All Expatriate new hires are eligible to receive a payment of 0.5 x monthly salary (capped at $5,000 per vehicle) for up to two vehicles.
Candidates for reimbursement are required to provide the Original Sales Documentation. (Agency Only/Private Sale not accepted).
Candidate must have owned or leased vehicle at least three months prior to Hire date.
Eligible to claim the allowance up to 12 months from Hire date. Pro-rated recovery implemented if employee leaves Saudi Aramco within the first year.
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Post by Davey87 on Feb 6, 2014 19:00:39 GMT
I will be on US payroll and will be selling my car, i have asked my relocaiton advisor for a copy of this policy but have not heard back just yet, is there anywhere i can go as a (current) non employee to view these policies? Also are there any other policies out there that are useful to somebody moving?
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Post by vpainter on Feb 12, 2014 20:32:25 GMT
You will not be able to view the Aramco websites until you are here and have gotten your access ID.
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Post by O&GEngg on Feb 13, 2014 18:46:38 GMT
Let me get this straight...if I can't sell my vehicles privately and end up taking them into a dealership to get sold Saudi Aramco will pay me up to $5000 per vehicle (max 2 vehicles)? Obviously, I'll be getting less from a dealership but depending on the vehicle this could be a more economic option, yes?
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Post by WhiteBird11 on Feb 13, 2014 21:48:14 GMT
Can someone please clarify the rental and sale of property policy for the UK
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kory
Member
Posts: 26
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Post by kory on Feb 17, 2014 17:07:06 GMT
O&GEngg,
Your understanding is correct. Make sure to get an invoice or some sort of proof of sale to the dealership.
WhiteBird11,
Home sale assistance is up to $20K and rental/property management assistance is up to $10K. Agreements need to done through an estate agent.
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imax
Member
Posts: 33
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Post by imax on Feb 17, 2014 17:57:25 GMT
How much is the home sale assistance for a global payroll tier I hire?
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Post by azraeil on Feb 18, 2014 4:26:16 GMT
imax,
The tier system only applies for the Overbase component. All other benefits are the same.
As for your question,
1. Property Management - 1 x base salary (max USD10,000)
2. Home Sale Assistance - 2 x base salary (max USD20,000)
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imax
Member
Posts: 33
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Post by imax on Feb 18, 2014 4:51:09 GMT
Thank you, Azraeil.
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