I absolutely agree with you that it doesn't make sense to maintain PR status if you have no reasonable prospect of ever taking advantage of it now that there are MediShield Life premiums -- in effect a monthly "membership fee" (that increases with age and, probably, with inflation) in order to maintain PR status or citizenship. Why pay for something you aren't going to use?Strong Eagle wrote:But, with New Medisave mandatory charges plus the ever weakening SD dollar against the US dollar, 4 percent isn't enough to stay even.
There are also some benefits, or better say, procedural simplifications, if one runs her/his own business. IIRC, holding the entrepass, a local agent is required to deal with Acra's BizFiles. If the owner is a PR, s/he can do all by himself.BBCWatcher wrote:There are still some public school, public hospital/clinic, and housing benefits, as examples. But if you don't have children in public school, have decent or better medical insurance already, and rent instead of buy housing, those PR benefits probably don't matter.
There's also a modest bit of money available to get some physical activity, and you're treated a bit better at the public libraries. And the rules are a bit more generous in terms of LTVP v. DP sponsorship, so (on average) you can bring more relatives in, other things being equal. You can also get some slightly better deals at certain merchants (mobile phone/Internet/cable TV contracts, more credit card options, lower SP Services deposit), none of which are terribly exciting.
On the negative side, I believe you lose the tax break that some globe hopping (greater than 90 days per year outside Singapore) foreign professionals enjoy.
Anything else I'm missing?
Is this where I (feeling left out ... ) say, this is all wonderful, for a guy asking about NS Liability, to be taught about US and CPF and Medisave and allBBCWatcher wrote:I hope you're correct. Please keep us posted on what the SSA determines in your case when the time comes.
You can delay claiming U.S. Social Security retirement benefits until age 70 (if you can afford to delay), and then the monthly amount would at least be less of a joke. If you're in good health then delaying is generally a wise thing to do. Don't delay until past 70 since that's when the increase in the monthly benefit amount stops.
Go ahead and claim your free U.S. Medicare Part A at age 65 if you qualify (also if you have 40 credits, but treaty country contributions don't count). The other parts of Medicare cost money, and in my view one shouldn't pay for them if you don't at least visit the United States. But the free Part A doesn't hurt, even if you never use it, so why not.
If you're legally married (opposite or same sex now, even if Singapore doesn't recognize the latter) your spouse can ordinarily claim a spousal benefit with a largely separate decision on when to claim, also with his/her own minimum age requirement. Yes, even most nonresident alien spouses qualify. Even some past spouses qualify, post divorce.
If you worked in any treaty country(ies) and made contributions into those systems then you should be able to claim retirement benefits from them, too. In that case the WEP might apply, but the WEP is not a reason to avoid claiming all benefits you're entitled to claim. You still always come out ahead.
They are very different. One has an engine that aims at delivering information based on some psychological assumptions, the other has it aiming at completeness of the information.ecureilx wrote:SMS, I told you, BBCW is a clone of JR8 !
Right, agreedBBCWatcher wrote:There's a reasonable, rational, logical progression. Somebody asking about the national service implications of PR status after applying is unlikely to be familiar with all or even most of the pros and cons -- there are some of both -- associated with PR status. One of the pros and cons (some of both) is the requirement to make CPF contributions. And one of the cons associated with CPF for some people is the effect CPF contributions and benefits can have on foreign tax and social insurance arrangements, the U.S. as an example (but only an example).
It all flows; not crazy. That's what information sharing through public forums like this one ought to be about, at least one hopes.
It all flows; not crazy. That's what information sharing through public forums like this one ought to be about, at least one hopes.
+1x9200 wrote:They are very different. One has an engine that aims at delivering information based on some psychological assumptions, the other has it aiming at completeness of the information.ecureilx wrote:SMS, I told you, BBCW is a clone of JR8 !
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