Early Retire on PR PTS Scheme?

Relocating, travelling or planning to make Singapore home? Discuss the criterias, passes or visa that is required.
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Re: Early Retire on PR PTS Scheme?

Post by MOCHS » Fri, 30 Dec 2022 1:26 pm

hangmann wrote:
Fri, 30 Dec 2022 12:29 pm
But it seems like it's not a sure thing he can stay at all if he stops working, thus almost defeating the purpose of getting PR for him.
As what most people on the forum would say: We won’t know till your friend tries and lets us know. Without any anecdotes, this would remain a huge question mark.

Your friend should also have a backup plan just in case if REP not renewed.

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Re: Early Retire on PR PTS Scheme?

Post by smoulder » Fri, 30 Dec 2022 1:34 pm

I think the best (safest?) back up plan would be to have some form of employment which can be used to file tax returns and also contribute to CPF.

I know it's then not truly "retirement", but having said that, reading a bit over the years, it seems that FIRE proponents often don't fully retire. They either ensure that they have so called "F you" money and continue with their corporate job or they quit their corporate jobs to take up something less stressful but potentially with less earning potential. Either way, they are still employed.

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Re: Early Retire on PR PTS Scheme?

Post by PNGMK » Fri, 30 Dec 2022 5:21 pm

PR is now a tool for immigration. Your friend has misunderstood.
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!

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