Singapore Expats

Personalised Employment Pass - PEP - Laid Off

Relocating, travelling or planning to make Singapore home? Discuss the criterias, passes or visa that is required.
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LuciferMorningstar
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Personalised Employment Pass - PEP - Laid Off

Post by LuciferMorningstar » Wed, 22 Mar 2023 3:55 pm

I had some questions regarding PEP's that I am hoping someone who has gone through the process can advise on.

To give you some background, I am currently on gardening leave until mid-May, during which my Employment Pass (EP) is still valid. I applied for the PEP with the hopes of having more flexibility and independence in my job search, as I am actively looking for a new job in Singapore.

However, with the current job market being quite saturated, I anticipate that it may take some time for me to secure a suitable role. Therefore, I would like to ask the following questions:

1. When I receive my In-Principle Approval (IPA) for the PEP (which I hope to receive by the end of this month), can I hold onto it for the next 6 months before activating the PEP? I understand that the PEP only gets activated when the pass is physically issued, and I am hoping to buy myself a bit more time to find a job.

2. I also understand that the annual salary requirements for the PEP are pro-rated based on the date of physical issuance, not the date of the IPA. Can you please confirm if this is indeed the case?

Thanks!

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