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What are the benefits for PR?

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lkm
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What are the benefits for PR?

Post by lkm » Thu, 30 Nov 2006 9:36 pm

I'm a EP holder and considering to apply PR for myself and family. May I know what are the benefits for PR?

Any inputs would be appreciated!

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jpatokal
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Post by jpatokal » Sat, 02 Dec 2006 8:54 pm

Time to make a sticky for this...

Good!
+ Easy to switch jobs (PR is not tied to your job)
+ Easier to find new jobs (employer doesn't need to apply for EP)
+ Employer has to chip into your CPF fund
+ Can borrow up to 80% from bank for housing loan
+ Can apply for long-term visit passes for relatives
+ You get a spiffy-keen blue NRIC

Bad!
- Must pay your own share of CPF (although you can still get it all back if you leave for good)
- Your kids will need to do NS when they grow up
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ScoobyDoes
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Post by ScoobyDoes » Sun, 03 Dec 2006 2:12 pm

jpatokal wrote: Bad!
.......
- Your kids will need to do NS when they grow up
If you already have kids when PR is applied is it automatically given to them or does each member of the family have to apply seperately?

Also, there is something to do with PR and going through local schools. Is there a different price or entry qualification between kids on a dependant pass and those with PR?

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jpatokal
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Post by jpatokal » Sun, 03 Dec 2006 5:41 pm

ScoobyDoes wrote:If you already have kids when PR is applied is it automatically given to them or does each member of the family have to apply seperately?
Has to be applied for and is given pretty much automatically. Of course, if your kids are born in Singapore to a Singaporean mother, they'll automatically get Sing citizenship instead.
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bunty
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Post by bunty » Tue, 05 Dec 2006 11:01 am

jpatokal wrote:Time to make a sticky for this...

Good!
+ Easy to switch jobs (PR is not tied to your job)
+ Easier to find new jobs (employer doesn't need to apply for EP)
+ Employer has to chip into your CPF fund
+ Can borrow up to 80% from bank for housing loan
+ Can apply for long-term visit passes for relatives
+ You get a spiffy-keen blue NRIC

Bad!
- Must pay your own share of CPF (although you can still get it all back if you leave for good)
- Your kids will need to do NS when they grow up
As per yesterday's newspaper reports, medical and education cost differentiation between citizen's, PR and others.

jpatokal
Regarding long term visit pass- i guess even EP holders holding P Pass can apply for this.

what is an individual's contribution to the CPF.

cheers.

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sundaymorningstaple
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Post by sundaymorningstaple » Tue, 05 Dec 2006 2:37 pm

bunty wrote:
what is an individual's contribution to the CPF.

cheers.
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