Contractually, no, because becoming PR presumably does not violate your employment contract.queenie71 wrote:If we then apply for a PEP and perhaps later on, apply successfully for PR, then will this affect our "expat" status?
Could a company turn around and take away the "extras", claiming that we've "gone local?"
No, it's considerably higher, since they will start deducting CPF from your salary. (Of course, CPF funds are theoretically yours, but you lose a lot of control over it.) The upside is that the company has to pay CPF as well, so you get an effective raise of ~15% over three years.Also, is tax much lower for PRs?
No, buying landed property is limited to citizens, unless you get an exception.Once PR, we can buy landed property but not if we don't have PR status???
"Unsuitability" for the position or the corporate identity (in their eyes). They don't need an excuse. They just pay you your salary in lieu of notice and you don't have any leg to stand on. They may even help you pack your things and escort you to the door with your final check in your hand. Perfectly legal? Yes. Cold? Yes. Employees are always on the short end of the stick here with little laws to protect them unless they make less than 2000/month.queenie71 wrote:instant firing? On what grounds can a company do that???
Virtually every MNC in the world has a common practice that the instant someone is terminated, their security is revoked and they are escorted out of the building. Mostly all about security.sundaymorningstaple wrote:"Unsuitability" for the position or the corporate identity (in their eyes). They don't need an excuse. They just pay you your salary in lieu of notice and you don't have any leg to stand on. They may even help you pack your things and escort you to the door with your final check in your hand. Perfectly legal? Yes. Cold? Yes. Employees are always on the short end of the stick here with little laws to protect them unless they make less than 2000/month.queenie71 wrote:instant firing? On what grounds can a company do that???
Yes, lower tax for PRs' cos CPF contribution is non-taxable but capped at $5,000.00queenie71 wrote: Also, is tax much lower for PRs?
Sorry Lyn-C, but CPF is not a tax. It's a contribution to your retirement fund and you can get it all back. Additionally it's capped at contributions on the first $4500 not $5000.Lyn-C wrote:Yes, lower tax for PRs' cos CPF contribution is non-taxable but capped at $5,000.00queenie71 wrote: Also, is tax much lower for PRs?
True, but the fact is that your CPF employee contributions are not taxable, removed from total income in the deductions section of your IR8A form.sundaymorningstaple wrote:Sorry Lyn-C, but CPF is not a tax. It's a contribution to your retirement fund and you can get it all back. Additionally it's capped at contributions on the first $4500 not $5000.Lyn-C wrote:Yes, lower tax for PRs' cos CPF contribution is non-taxable but capped at $5,000.00queenie71 wrote: Also, is tax much lower for PRs?
The tax rates are the same for PR, Citizen & EP holder and even WP holder if they are here more than 183 days.
You can put CPF deductions to better use, such as paying for a mortgage.jpatokal wrote:No, it's considerably higher, since they will start deducting CPF from your salary. (Of course, CPF funds are theoretically yours, but you lose a lot of control over it.)queenie71 wrote:Also, is tax much lower for PRs?
No CPF is payable, and I would presume that your employer is not notified, since it doesn't (directly) affect them at all. But check with MOM to be sure, and tell us!Nath21 wrote:My question which I couldnt see answered on the MOM site was if I accept this offer will they then inform my current employer of my change in status (you can see where that is leading) and on a PEP do I start making CPF contributions?
Oops -- you learn something new every daybogdang wrote:After you get your PEP you will have to cancel your current EP, so the employer will know. Also, the company has to send a notification when they employ a PEP holder.
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