Renunciation of PR

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oasis855
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Renunciation of PR

Post by oasis855 » Wed, 05 Nov 2008 1:00 am

Hello,

Does anyone know how long it takes to renunce PR - any difference in processing time in Singapore and Singapore embassy in UK??

Also, does ICA accept the renunciation documents sent by courier from overseas?

Thanks very much!

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sundaymorningstaple
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Post by sundaymorningstaple » Wed, 05 Nov 2008 7:14 am

Couple of days at the most. But getting your CPF contributions back can take up to 10 business days. They will TT to the bank of your choice without any problems at all.

Course if you ever want to return to Singapore even on an Employment Pass, you will be denied unless you return all the withdrawn CPF Funds PLUS any Interest that would have accrued during the period it was withdrawn. So always make sure that is really what you want to do.

You can, however, give up your PR reasonably quickly & easily and still leave your CPF in situ, thereby giving you a reasonably safe guaranteed rate of return of 2.6 or 4% and a very safe risk ratio. It will also make the return to Singapore much easier later. And you can still withdraw it later should you so desire.

sms
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers

mules
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Post by mules » Sat, 08 Nov 2008 7:01 pm

not true, if you renounce your PR you can still come back on EP and not have to bring back your CPF. How do I know....personal experience.

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sundaymorningstaple
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Post by sundaymorningstaple » Sun, 09 Nov 2008 2:56 pm

Fair enough. Sloppy choice of words. Should have used "may well be" instead of "will be" as the government says that themselves.

My bad.
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers

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