Singapore Expats Forum
 

EP approval pending since 1 month

Relocating, travelling or planning to make Singapore home? Discuss the criterias, passes or visa that is required.
Post Reply
nitsjits26
Newbie
Newbie
Posts: 3
Joined: Tue, 16 Feb 2021 5:36 pm

EP approval pending since 1 month

Post by nitsjits26 » Tue, 16 Feb 2021 5:48 pm

Hello Folks,
I am staying in Singapore from last 5 years and have decided to move to a new company. My EP was applied on 18th Jan 2021 and status is still pending. I am bit anxious as it is taking so long for approval. Before applying the minimum salary for EP eligibility in SAT was 6.5k but when I checked recently it has increased to 7.3k. The offer I have in hand is less than 7.3k. Please advise if anyone had a similar experience and the chances for EP approval.

User avatar
sundaymorningstaple
Moderator
Moderator
Posts: 37775
Joined: Thu, 11 Nov 2004 1:26 pm
Answers: 1
Location: Retired on the Little Red Dot

Re: EP approval pending since 1 month

Post by sundaymorningstaple » Tue, 16 Feb 2021 9:49 pm

Not Good, especially if the employer didn't also tic the "consider S pass if not eligible for EP". Keep your fingers crossed.

samll
Newbie
Newbie
Posts: 1
Joined: Tue, 09 Feb 2021 8:46 pm

Re: EP approval pending since 1 month

Post by samll » Tue, 16 Feb 2021 11:38 pm

Hello Folks,
I am staying in Singapore from last 5 years and have decided to move to a new company. My EP was applied on 18th Jan 2021 and status is still pending. I am bit anxious as it is taking so long for approval. Before applying the minimum salary for EP eligibility in SAT was 6.5k but when I checked recently it has increased to 7.3k. The offer I have in hand is less than 7.3k. Please advise if anyone had a similar experience and the chances for EP approval.
the chances are close to the worst
you need to start bombarding them with letters asking for your application to be reviewed asap|
but in a polite way of course
All info that you need to know that here https://directloantransfer.com/flex-loa ... dit-check/ you can always guarantee to get a loan offer without a credit check this could save you from bankruptcy

SingaporeEP
Member
Member
Posts: 21
Joined: Mon, 18 Jan 2021 11:20 pm

Re: EP approval pending since 1 month

Post by SingaporeEP » Wed, 17 Feb 2021 3:53 am

This is surprising, when did EP salary increase to 7.3? Is it even higher than this for financial sector?

User avatar
sundaymorningstaple
Moderator
Moderator
Posts: 37775
Joined: Thu, 11 Nov 2004 1:26 pm
Answers: 1
Location: Retired on the Little Red Dot

Re: EP approval pending since 1 month

Post by sundaymorningstaple » Wed, 17 Feb 2021 3:50 pm

Not surprising at all, this was mooted mid-2020 that it would be raised the following year (guess what, this is the following year). They also indicated that the numbers were moving targets depending on the industry.

From the MOM:

Salaries for younger or older candidates
Young graduates from good institutions can qualify if they earn at least $4,500.

Older, more experienced candidates need higher salaries to qualify.

From 1 September 2020, the minimum qualifying salary will be raised to $4,500 for new applications. From 1 December 2020, the minimum qualifying salary for EP candidates in the financial services sector will be raised to $5,000 for new applications. The qualifying salaries for older and more experienced candidates in their 40s will be raised correspondingly and will remain around double the minimum qualifying salary for the youngest applicants. The new salary criteria will apply to those renewing their EPs if their passes are expiring from 1 May 2021.

You can find out more about which firms are considered to be part of the Financial Services sector.
https://www.mom.gov.sg/faq/employment-p ... ces-sector

SingaporeEP
Member
Member
Posts: 21
Joined: Mon, 18 Jan 2021 11:20 pm

Re: EP approval pending since 1 month

Post by SingaporeEP » Wed, 17 Feb 2021 5:26 pm

Thanks for sharing the link, like it mentions the minimum salary is being raised to $4500, and $5000 for financial services. Also the requirements goes high with experience. This was already implemented last year for all new applications, only for renewals it to be implemented this year (May 1 2021)

I'm surprised since OP says his EP was applied a month ago and met the criteria then, but doesn't meet it now. So given no revision in requirements in last one month what would have changed?

How did the minimum eligibility move from 6.8 to 7.3K in lasr one month, could it have moved up with OPs age (birthday month?), Because for new EP application for he criteria was last updated in September 2020.

nitsjits26
Newbie
Newbie
Posts: 3
Joined: Tue, 16 Feb 2021 5:36 pm

Re: EP approval pending since 1 month

Post by nitsjits26 » Wed, 17 Feb 2021 11:39 pm

Even I had the same doubt but it is not because of age. I have tried by inputting a dummy age which is lesser than mine but the amount is still the same.

User avatar
singaporeflyer
Director
Director
Posts: 3173
Joined: Mon, 17 Aug 2009 9:49 am

Re: EP approval pending since 1 month

Post by singaporeflyer » Thu, 18 Feb 2021 12:11 am

SingaporeEP wrote:
Wed, 17 Feb 2021 5:26 pm
Thanks for sharing the link, like it mentions the minimum salary is being raised to $4500, and $5000 for financial services. Also the requirements goes high with experience. This was already implemented last year for all new applications, only for renewals it to be implemented this year (May 1 2021)

I'm surprised since OP says his EP was applied a month ago and met the criteria then, but doesn't meet it now. So given no revision in requirements in last one month what would have changed?

How did the minimum eligibility move from 6.8 to 7.3K in lasr one month, could it have moved up with OPs age (birthday month?), Because for new EP application for he criteria was last updated in September 2020.
What SAT computes on the fly is based on the data provided by the candidate. You can't expect SAT to always show the minimum eligibilty criteria salary as the salary needed for a particular job. It may take in additional information supplied by the candidate to come up with a salary estimate of 7.3K. Example : years of experience, education, domain of work, etc?

whitesneakers
Member
Member
Posts: 33
Joined: Fri, 18 Sep 2020 10:46 am

Re: EP approval pending since 1 month

Post by whitesneakers » Tue, 23 Feb 2021 1:13 am

nitsjits26 wrote:
Tue, 16 Feb 2021 5:48 pm
Hello Folks,
I am staying in Singapore from last 5 years and have decided to move to a new company. My EP was applied on 18th Jan 2021 and status is still pending. I am bit anxious as it is taking so long for approval. Before applying the minimum salary for EP eligibility in SAT was 6.5k but when I checked recently it has increased to 7.3k. The offer I have in hand is less than 7.3k. Please advise if anyone had a similar experience and the chances for EP approval.
Approved already?
Stay happy, stay positive. Trust in God's timing. :D

nitsjits26
Newbie
Newbie
Posts: 3
Joined: Tue, 16 Feb 2021 5:36 pm

Re: EP approval pending since 1 month

Post by nitsjits26 » Wed, 24 Feb 2021 12:05 am

Not yet. HR said it is pending with IMDA for approval.

Post Reply
  • Similar Topics
    Replies
    Views
    Last post

Return to “PR, Citizenship, Passes & Visas for Foreigners”

Who is online

Users browsing this forum: Mike.camp and 5 guests