Procedures for Leaving Singapore for new job in overseas

[johnnybllim]

Hi all,

Currently, I'm Malaysian and working in Singapore for nearly two years with personalized employment pass (PEP) valid for 5 years.
Now I get a job offer in overseas that require me to leave Singapore and working in overseas. I also having commitment in Singapore such as personal loans and credit cards outstandings.
Before I leave Singapore, I should terminate my PEP and what should I do with my outstanding on my personal loans and credit cards.
Can I continue to repayment these loans and credit cards via TT remit from overseas to Singapore ?
Please advise from your experience and expertise.

Thanks

[sundaymorningstaple]

You can continue to use them but you might have to give them up if they won't allow you to use a foreign address. If that's the case, then just continue to pay them off via monthly payments or online banking. You can keep your Singapore bank accounts should you so desire. I've been holding two US CC's for 28 years here with Singapore Billing addresses. I have a US bank account that I use to pay them with. Whether or not you cancel the PEP, if you go overseas and are not working for a Singapore company, you will lose the PEP anyway. It's only valid for 5 year or until you don't make at least 30K a year (taxable to Singapore).

[johnnybllim]

Thanks for your advice

So meaning the banks can allow continue repayment eventhough I working overseas.
Does SG government allow me to leave Singapore without clearning loans/credit cards in Singapore ?

[sundaymorningstaple]

Assuming you are not doing a runner and you have been keeping your payments up to date, there is no reason why not. The only thing you will have to clear is your tax liability with IRAS. Your current employer will have to file an IR-21 if you are leaving the country (tax clearance) this should be done by them 1 month before the end of your job here.

[Mad Scientist]

Thanks for your advice

So meaning the banks can allow continue repayment eventhough I working overseas.
Does SG government allow me to leave Singapore without clearning loans/credit cards in Singapore ?

You are confusing yourself with Gahmen Protocol and Private Institution. Your PEP, Tax are with Gahmen, MOM and IRA. Your loan, CC are with banks.Bank loan usually has guarrantor, so if you do not pay , they will come after your guarrantor.
Do your bank loan and CC payment online once you left SG. Change your address once you have a confirmed address overseas. The local CC and the bank will send those payment doc to where ever you want them to send to as long you pay them. It is nothing major

[johnnybllim]

Thanks

So important that I need to settle income tax with IRAS and cancel PEP with MOM.
The rest of CC & loans can be repay via onlie.

[sanjaygadin1]

How are you managing your credit cards now John?