Like many here I have a full soap opera of my own but I will keep this thread to just a small section.
I have 3 boys all Singaporean. My wife is Singaporean and I am a PR.
The boys are 8, 11 and 20 with the oldest currently doing NS sitting in a warehouse most days home at 5:30 most nights and over the weekends (one lucky son of a err gun).
I may have the opportunity to move with my current employer to the US which is pretty appealing. I am, however, concerned about locking away 75k per child (the two younger ones) for around 8 years for the NS Bond.
I fully intend for them to return for NS due to;
- Close family in SG (cousins they get on with very well) along with uncles / aunts/ grand parents etc.
My wife has her CPF with more than double the bond amount locked away in it. If she chose to it would take her 5 - 6 years to get another citizenship and renounce to cash out.
Also during the time they have the exit permit, is there any issue with them coming and visiting family in SG, say once every 1 or 2 years ?. Will this actually support the yearly renewal rather than their 'out of country' time being seen a a big block.
Any special considerations after the age of 16 and the medical recall ?.
Ultimately I would rather not have to lock away 150k but if there is no other reasonable way then I will do so in a savings account so it will be there when the time comes.
Oh and I see there is something about a fine (2k per parent) regarding the non payment of the bond. Any experience with this and when you are likely to get fined for it.
Thanks for any replies / suggestions