Advantages of becoming a PR

[sabrina77]

Hi there,

Me and my hubby are comtemplating on applying for PR here. But before that, would like to know the pros and cons of becoming a PR.

could somebody please let me know the pluses and minuses of this step...

thanks a lot in advance,

cheers.

[mary]

I've considered to do the same thing, actually, still considering. As I know:-
+ : many subsidies from govt, like school fees, maid tax, medical expenses, can buy HDB, compulsory pension from employer
- : I don't see any so far except you also need to put part of your income into the pension (means less cash to use every month)

[mary]

one more thing, IMPORTANT!

The change of your status from expat to PR, will change your benefits as an expat or not, like housing, int'l school fees, car etc.

[sabrina77]

Thanks Mary for the info....

[sundaymorningstaple]

sabrina77

I would only like to say this. Please, for the benefit of lots of other families, only take up PR if you plan on being here for the long haul. Don't abuse the system only for shortterm gains as eventually, this will hurt families who want to stay here for long durations.

Yes, there are shortterm advantages to PR (primarily if your children are in local learning institutions or you need medical services it can be much cheaper). Additionally, it's beneficial if you are retrenched/layed off etc. as you are not hampered by the 2 weeks before having to leave the country.

Downside is not having control over 33% of your income due to CPF (great if you are not a saver/investor by nature) and male children of PR's will need to due National Service.

Please see this thread for more discussion already on this board:

http://singaporeexpats.com/forum/ftopic ... ngapore+pr

sms

[Guest]

Thanks a ton. Will chk out the other thread