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PEP approval chance

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keisuke
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PEP approval chance

Post by keisuke » Sun, 13 Feb 2022 11:14 am

Hi,
Can anyone help me evaluate my chance of getting the PEP?
For the last 2 years, I've lived in SG and hold an EP with 12k300SGD/month base salary. Total annual income is usually >200kSGD with bonus and other benefits.
The base salary barely meets the minimum requirement, if the chance is low, I would need a backup plan.
Thank you.
by sundaymorningstaple » Sun, 13 Feb 2022 5:28 pm
As long as your base salary is above the qualifying threshold give it a try. Nothing ventured, nothing gained as they say. You qualify to apply so go for it. But you are also right in as much as you should always have a backup plan, especially with the pandemic economy and uncertainties.
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sundaymorningstaple
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Re: PEP approval chance

Post by sundaymorningstaple » Sun, 13 Feb 2022 3:16 pm

I though you were applying for PR? Are you insecure in your job? PEP is only good for 3 years and is non-renewable. Or are you just trying to throw a spanner in the works?
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

keisuke
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Re: PEP approval chance

Post by keisuke » Sun, 13 Feb 2022 3:38 pm

sundaymorningstaple wrote:
Sun, 13 Feb 2022 3:16 pm
I though you were applying for PR? Are you insecure in your job? PEP is only good for 3 years and is non-renewable. Or are you just trying to throw a spanner in the works?
I applied for PR last year but got rejected. And you're right, my job is insecure right now, I want to have a few months off before switching to another one, to work with my mental health.

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sundaymorningstaple
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Re: PEP approval chance

Post by sundaymorningstaple » Sun, 13 Feb 2022 5:28 pm

As long as your base salary is above the qualifying threshold give it a try. Nothing ventured, nothing gained as they say. You qualify to apply so go for it. But you are also right in as much as you should always have a backup plan, especially with the pandemic economy and uncertainties.
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

keisuke
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Re: PEP approval chance

Post by keisuke » Sun, 13 Feb 2022 8:18 pm

sundaymorningstaple wrote:
Sun, 13 Feb 2022 5:28 pm
As long as your base salary is above the qualifying threshold give it a try. Nothing ventured, nothing gained as they say. You qualify to apply so go for it. But you are also right in as much as you should always have a backup plan, especially with the pandemic economy and uncertainties.
Thank you for your reply.

keisuke
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Re: PEP approval chance

Post by keisuke » Sun, 13 Feb 2022 8:50 pm

sundaymorningstaple wrote:
Sun, 13 Feb 2022 5:28 pm
As long as your base salary is above the qualifying threshold give it a try. Nothing ventured, nothing gained as they say. You qualify to apply so go for it. But you are also right in as much as you should always have a backup plan, especially with the pandemic economy and uncertainties.
I did more research and found out that I missed the requirement about "fixed salary of at least $144,000 per calendar year". If I don't work for a few months, I don't think I can make 144k (fixed salary) within the remaining time of the year. The only choice after that is to fall back to EP. :(

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sundaymorningstaple
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Re: PEP approval chance

Post by sundaymorningstaple » Sun, 13 Feb 2022 11:55 pm

Yes, with you salary on the qualifications borderline if you were going to take several months of down time between jobs, you are correct. You would need a pretty good salary bump on the new job to equalize the spread to the required 144K/pa.
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

keisuke
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Re: PEP approval chance

Post by keisuke » Mon, 14 Feb 2022 8:20 am

sundaymorningstaple wrote:
Sun, 13 Feb 2022 11:55 pm
Yes, with you salary on the qualifications borderline if you were going to take several months of down time between jobs, you are correct. You would need a pretty good salary bump on the new job to equalize the spread to the required 144K/pa.
Thank you for your reply.

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