PR surrender and CPF withdrawal

Relocating, travelling or planning to make Singapore home? Discuss the criterias, passes or visa that is required.
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PNGMK
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Re: PR surrender and CPF withdrawal

Post by PNGMK » Mon, 28 Jun 2021 8:47 am

I don't have experience. My guess would be within a quarter.
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!

sgexpatnomore
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Re: PR surrender and CPF withdrawal

Post by sgexpatnomore » Wed, 30 Jun 2021 3:00 pm

Hmm ok. Thank you PNGMK!

Does anyone have experience with this?
--> How long after losing citizenship/PR would NRIC be officially wiped out of the govt's systems? :???:

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singaporeflyer
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Re: PR surrender and CPF withdrawal

Post by singaporeflyer » Wed, 30 Jun 2021 3:17 pm

sgexpatnomore wrote:
Wed, 30 Jun 2021 3:00 pm
Hmm ok. Thank you PNGMK!

Does anyone have experience with this?
--> How long after losing citizenship/PR would NRIC be officially wiped out of the govt's systems? :???:
How will it matter? They wont delete it, may be just disable it.

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Re: PR surrender and CPF withdrawal

Post by sundaymorningstaple » Wed, 30 Jun 2021 8:15 pm

It won't. It will be deactivated, but not deleted. NRICs are a unique identifiers so they do NOT get reused.
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers

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malcontent
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Re: PR surrender and CPF withdrawal

Post by malcontent » Thu, 01 Jul 2021 1:05 am

I know a guy who has worked on and off in Singapore, with absences of up to a decade or more, every time he comes back he gets assigned the same FIN number.

I find it strange that banks here refuse to use my FIN and insist on passport number. It’s a pain to update the number on renewal, and carry a passport to the bank. The last time I renewed I tried using my passport card (easier to carry in my wallet) but they refused. Not only the banks but the credit bureau here also goes by passport number… and if you don’t inform them you’ll start over with no credit history (could be good or bad, depending). Only after realizing this I had them link up all my credit history for all of my passport numbers going back to 1996.
It’s not what happens to you, but how you react to it that matters ~ Epictetus

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singaporeflyer
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Re: PR surrender and CPF withdrawal

Post by singaporeflyer » Thu, 01 Jul 2021 10:09 am

malcontent wrote:
Thu, 01 Jul 2021 1:05 am
I know a guy who has worked on and off in Singapore, with absences of up to a decade or more, every time he comes back he gets assigned the same FIN number.

I find it strange that banks here refuse to use my FIN and insist on passport number. It’s a pain to update the number on renewal, and carry a passport to the bank. The last time I renewed I tried using my passport card (easier to carry in my wallet) but they refused. Not only the banks but the credit bureau here also goes by passport number… and if you don’t inform them you’ll start over with no credit history (could be good or bad, depending). Only after realizing this I had them link up all my credit history for all of my passport numbers going back to 1996.
FIN number for an individual will never change how many ever times he moves out and re-enters SG for work on EP.

Same NRIC also once assigned after PR approval does not change after getting SC also.

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Re: PR surrender and CPF withdrawal

Post by Myasis Dragon » Thu, 01 Jul 2021 10:39 pm

sgexpatnomore wrote:
Wed, 30 Jun 2021 3:00 pm
Hmm ok. Thank you PNGMK!

Does anyone have experience with this?
--> How long after losing citizenship/PR would NRIC be officially wiped out of the govt's systems? :???:
What difference does it make? Dropping PR is the very last thing you will do in Singapore. I wound up two businesses, closed a couple of checking and credit card accounts, then applied to give up PR.

I still kept other checking accounts and credit cards for several years and no NRIC was ever needed.

When you think about it, what is there that you would need to access in Singpass? Nothing.

But, fer sure, they still have your old number in the records. It hasn't gone anywhere. They can look you up for historical purposes. In fact, I wouldn't be surprised that if the last time I was in Singapore, the ICA officer knew I had previously been PR.

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Re: PR surrender and CPF withdrawal

Post by motif37 » Mon, 26 Jul 2021 4:28 pm

Hello Everyone, :)

After reading all the kind info sharing in this thread, my note is that:

1) There is no dealine you must go and withdraw your CPF after you REP expired or SG PR cancellation
2) You can still safely keep you money in CPF even decades after you are not a SG PR and the annual interest will still be given
3) The inconvenient part is that after SG PR get cencelled, you can not use SingPass to login and see the balance or statements

Can anybody kindly help to confirm my understanding above is still correct now and share if there is any regulation change regarding these points in recent months.

Thanks a lot!

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Re: PR surrender and CPF withdrawal

Post by PNGMK » Mon, 26 Jul 2021 6:03 pm

All that sounds correct. You are wise not to withdraw CPF early.
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!

motif37
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Re: PR surrender and CPF withdrawal

Post by motif37 » Tue, 27 Jul 2021 1:12 pm

Thanks a lot PNGMK!

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malcontent
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Re: PR surrender and CPF withdrawal

Post by malcontent » Tue, 27 Jul 2021 1:25 pm

If a person still has CPF after age 65 but had renounced… does that mean they continue to enjoy 4% on their RA balance with no obligation to buy CPF Life annuity?
It’s not what happens to you, but how you react to it that matters ~ Epictetus

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Re: PR surrender and CPF withdrawal

Post by pyramus » Tue, 05 Oct 2021 9:33 am

kedeepu wrote:
Sun, 28 Jun 2020 3:41 pm
Hello everyone,
I am planning to renounce my PR by end Sep - early Oct time. Myself and my wife are PRs, however she is currently back to our home town and not planning to come back for the cancellation of PR (due to non-PR kids and Covid situation). So I am looking for more info like if it will be possible for me to cancel the PR on her behalf ?
What's required for that ?
Anyone with such experience ?

Thank you in advance for sharing !
I have a similar case with yours anybody here able to share their experience?

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