Do you mean its a 0% chance he'd get a re-entry permit under his PTS scheme PR (if hes not working and under 65)?sundaymorningstaple wrote: ↑Mon, 26 Dec 2022 10:24 pmIf he's under the age of 65, the OFFICIAL working retirement age in Singapore, it won't happen under the PTS scheme. It's possible however under the FT scheme.
He would need to show financial viability (via income tax returns). There has been at least one statement by a govt minister that PR's can retire in Singapore but there was no clarification between FTS or PTS. There rarely is any open differentiation.
It would appear that, like the 10 yr REP and the over 55 REP renewal that was a question when I renewed at 57 after being unemployed for 15 months and was told that FT PRs didn't need proof of employment after 55 may have also changed. PNGMK and I had a discussion about that a number of years ago after the fact. The key word in the Parliamentary answer by Ms Sun Xueling I believe is the words 'and furthermore' which tends to mean 'in addition to the prolonged absence factor.PNGMK wrote: ↑Tue, 27 Dec 2022 4:41 pmThis is of relevance:
https://www.mha.gov.sg/mediaroom/parlia ... velopment/
"About 2% (of applicants for REP as retirees) were rejected, largely because they were absent from Singapore for a prolonged period, and furthermore had no family roots here. "
So I guess my friend probably can obtain a REP even though he's only about 40 and retired under PTS?PNGMK wrote: ↑Tue, 27 Dec 2022 6:49 pmI think there are retired PTS PRs here. In the link quoted she mentioned that there were ~54,000 PR's who retired in the last 5 years. That implies to me some PTS PR's who either retired of age or retired of means (i.e. had the wherewithal to retire economically without full time work). Like all retirement visa schemes (looking at you MY with MMH2 and Indonesia with it's new deposit limits) the rules may change and catch one out.
I don't know the answer but I would think critically about whether there is a difference between a) long-time PR that married an SC or whose next generation has setup camp here (educated and working here), either as PRs (perhaps married to an SC or still potential new SCs) or even better as SCs and b) someone that did not even get one REP renewal while employed. Obviously, there will be shades of gray between these two end points...hangmann wrote: ↑Tue, 27 Dec 2022 6:53 pmSo I guess my friend probably can obtain a REP even though he's only about 40 and retired under PTS?PNGMK wrote: ↑Tue, 27 Dec 2022 6:49 pmI think there are retired PTS PRs here. In the link quoted she mentioned that there were ~54,000 PR's who retired in the last 5 years. That implies to me some PTS PR's who either retired of age or retired of means (i.e. had the wherewithal to retire economically without full time work). Like all retirement visa schemes (looking at you MY with MMH2 and Indonesia with it's new deposit limits) the rules may change and catch one out.
I honestly don't know. If he has sufficient income I see no real reason why he couldn't. It's no different to the wealthy who come in under the GIP PR system except he doing a sleight of hand which may trip him up.hangmann wrote: ↑Tue, 27 Dec 2022 6:53 pmSo I guess my friend probably can obtain a REP even though he's only about 40 and retired under PTS?PNGMK wrote: ↑Tue, 27 Dec 2022 6:49 pmI think there are retired PTS PRs here. In the link quoted she mentioned that there were ~54,000 PR's who retired in the last 5 years. That implies to me some PTS PR's who either retired of age or retired of means (i.e. had the wherewithal to retire economically without full time work). Like all retirement visa schemes (looking at you MY with MMH2 and Indonesia with it's new deposit limits) the rules may change and catch one out.
Yes, I agree on aging and immigration planning. As I am sure you are aware, the % of PR Issued to those 40+ yrs old is typically in the single digit %, although increasing in recent years (probably as the age of well educated, first time parents increases).
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