PEP approval chance

[keisuke]

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.

[sundaymorningstaple]

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?

[keisuke]

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.

[sundaymorningstaple]

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.

[keisuke]

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]

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.

[sundaymorningstaple]

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.

[keisuke]

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.