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Returning to Singapore after renouncing PR & CPF withdrawal

Relocating, travelling or planning to make Singapore home? Discuss the criterias, passes or visa that is required.
zantac
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Postby zantac » Thu, 08 Sep 2011 12:19 am

JR8 WROTE:
I'd look at NS as more a useful right of passage than something to be avoided like the plague. It might just make a man of the child.

Dead? No, I don't think any SGns have been killed in combat in the last 50 years. More die going and swimming off Sentosa.
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Oh come on,

Did you see the boy is only 8yrs old and haven't even set a foot on Singaporean soil yet?!! To explain to a child about politics of adult hood...
Well, everyone has his and her views and that is yours. Hope you send all
of your off springs and yr grand kids with same view point!

Really, at 8years old? my god. lol

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Postby JR8 » Thu, 08 Sep 2011 12:55 am

zantac wrote:JR8 WROTE:
I'd look at NS as more a useful right of passage than something to be avoided like the plague. It might just make a man of the child.

Dead? No, I don't think any SGns have been killed in combat in the last 50 years. More die going and swimming off Sentosa.
------------------------------------------------------------------------------------


Oh come on,

Did you see the boy is only 8yrs old and haven't even set a foot on Singaporean soil yet?!! To explain to a child about politics of adult hood...
Well, everyone has his and her views and that is yours. Hope you send all
of your off springs and yr grand kids with same view point!

Really, at 8years old? my god. lol


Heh?

I'd regard joining the forces as a positive. You could say it might give you a finishing-school experience of going to boarding school, in a society where such things do not exist.

It is to me strange that a child can grow up (and be say just 8) and equate joining the forces with death. Perhaps it is a reflection of their parent's views, as it cannot really be their own.

Would I wish to see my own children and grand-children do national service? Yes. And I would expect them to feel likewise.

How far we have come from a century ago when men queued for Queen and country, and to volunteer to go to their deaths.

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Re: Returning to Singapore after renouncing PR & CPF withdrawal

Postby Diy » Thu, 24 Mar 2016 8:08 pm

Ex-pR , no need to do NS and yet can get Employment Pass. Why ex-singaporeans with higher degrees cannot have get such priviledges? I Hmmmm....something is wrong with the system...it is like denying your own children but give priviledges to adopted children???

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Re: Returning to Singapore after renouncing PR & CPF withdrawal

Postby sundaymorningstaple » Thu, 24 Mar 2016 10:02 pm

Diy wrote:Ex-pR , no need to do NS and yet can get Employment Pass. Why ex-singaporeans with higher degrees cannot have get such priviledges? I Hmmmm....something is wrong with the system...it is like denying your own children but give priviledges to adopted children???


Not sure what rock you just crawled out from under, but I hate to tell you, you don't know what you are talking about.

PR's need to do NS if they are 2nd Gen PRs. 1st Gen are normally too old to do PR. If a 2nd Gen PR does things by the proper protocols, then yes, they can come back as an EP and work and and even get PR, theoretically (although it's written on the books I've never heard of one - kind of like 377A). Ex-Singaporeans can also come back and get EPs and PR (in theory). However, if the ex-Singaporean as well as the ex-PR withdrew their CPF, they have to replace ALL their CPF AND ANY INTEREST THAT WOULD HAVE ACCRUED SINCE THEY REMOVED IT before any EP is granted. This puts most potential returnees (be they ex-PR OR SC) off as it's usually a pretty tidy sum. But, PR's didn't not quit their country. Ex-singaporeans are quitters who then found out that they couldn't hack it in the real world so want to come crawling back to the little Red Dot with their tails between their legs. Frankly, in my opinion they don't deserve to be let back in. IN fact you yourself said and I quote "..it is like denying your own children" Isn't quitting Singapore and renouncing your citizenship like disowning your own parent? See, it's a two way street, innit!

The only thing wrong with the system is people like yourself who do not bother to find out the rules and laws of their own country but rather listen to someone like an Oppie who is usually nothing but an ignorant shit-stirrer. Then, just like in this instance, you complain like it's the facts instead of somebody's bullshit that you fell for hook, line & sinker then come on here with an attitude and sound dumber than a shucked oyster (they just lay there).

Please read some of the rather lengthy threads on NS/PR/Citizenship and gains, loses and the various protocols and timings that have to be done before you spread around any other misinformation.

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Re: Returning to Singapore after renouncing PR & CPF withdrawal

Postby himanshu_4 » Mon, 23 May 2016 3:00 pm

Hello All, I am Indian citizen, my REP was rejected (after 5 years + 1 additional year) as I started working in Kuala Lumpur, Malaysia. If I withdraw my CPF, will it impact my future employment pass application ?

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Re: Returning to Singapore after renouncing PR & CPF withdrawal

Postby ecureilx » Mon, 23 May 2016 3:14 pm

himanshu_4 wrote:Hello All, I am Indian citizen, my REP was rejected (after 5 years + 1 additional year) as I started working in Kuala Lumpur, Malaysia. If I withdraw my CPF, will it impact my future employment pass application ?


I am curious, out of the last 5 Years REP, how long were you out of town ?

As for coming back on EP, so far, it's only rumours, but never know or heard of anybody who came back and had to put back the CPF $.

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Re: Returning to Singapore after renouncing PR & CPF withdrawal

Postby BBCWatcher » Tue, 24 May 2016 9:02 am

Note that there's no requirement to withdraw your CPF balance, and it will continue to earn interest. In my view most people should not withdraw funds unless and until they need them, highly preferably for retirement itself.

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Re: RE: Re: Returning to Singapore after renouncing PR & CPF withdrawal

Postby ecureilx » Tue, 24 May 2016 11:34 am

BBCWatcher wrote:Note that there's no requirement to withdraw your CPF balance, and it will continue to earn interest. In my view most people should not withdraw funds unless and until they need them, highly preferably for retirement itself.

Oh .. no offense, point taken, don't withdraw CPF. Agreed, great interest etc etc etc etc etc.

But did you answer the poster's question about repercussions for getting the CPF back ?

I hope somebody address the poster's question.

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Re: Returning to Singapore after renouncing PR & CPF withdrawal

Postby sundaymorningstaple » Tue, 24 May 2016 12:01 pm

No, withdrawing your CPF will not impact your applying for an EP in the future. It will, however, kill any chance of regaining PR. Unless all the CPF & Interest that was withdrawn is returned to CPF AND any interest that would have accrued from the date of withdrawal to the date of reinvestment. Even then, they don't guarantee that you will be granted PR, but it's the only way they will consider it.

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Re: Returning to Singapore after renouncing PR & CPF withdrawal

Postby himanshu_4 » Tue, 24 May 2016 12:04 pm

ok, noted, thanks a lot, much appreciated...

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Re: Returning to Singapore after renouncing PR & CPF withdrawal

Postby himanshu_4 » Tue, 24 May 2016 12:05 pm

also if i may ask.. i have a singapore driving license, is it considered still valid ? as there is no expiry mentioned.


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Re: Returning to Singapore after renouncing PR & CPF withdrawal

Postby ecureilx » Wed, 25 May 2016 2:56 pm

himanshu_4 wrote:ok, noted, thanks a lot, much appreciated...


but have you really given thought about this note from BBCW ? Even though you may not have the luxury of leaving a few thousand K lying earning 4% interest ? :D I would love to hear your thoughts on this ..


BBCWatcher wrote:Note that there's no requirement to withdraw your CPF balance, and it will continue to earn interest. In my view most people should not withdraw funds unless and until they need them, highly preferably for retirement itself.


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Re: Returning to Singapore after renouncing PR & CPF withdrawal

Postby sundaymorningstaple » Wed, 25 May 2016 3:40 pm

My best mate (who car I've been driving for the past 3 years) worked here back in the 90's when EP holders still had to contribute to CPF (at a 20:20 ratio) he worked on the Asia Badger Mobile refinery upgrade for several years before taking up other project in the region (Sr. Planning/Scheduling Engr). Anyway he left his CPF intact and came back to Singapore on a couple of other projects around 2008 if I remember correctly. This time he bought a condo and he and his wife applied for PR together, which he got with no problem (leaving his CPF in situ was a big plus). He's been in Indonesia and now VN for the past 3 years and has had to give up his PR, but his CPF is still sitting there (along with a couple of more years of input). I reckon he's drawing good interest and will go along way toward PR again should he return to another contract here. It's continuing to grow.

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Re: Returning to Singapore after renouncing PR & CPF withdrawal

Postby BBCWatcher » Wed, 25 May 2016 3:41 pm

To be precise, an ex-PR/citizen's CPF account represents a real, inflation-adjusted, 100% Singapore tax free, extremely low risk yield of over 4% on Singapore dollar-denominated funds that can be immediately withdrawn, on demand.

That's an extremely attractive investment, globally so. If you find something better available to the general public, please let us all know (but let me know first ;)). I'm highly confident the government has no objection to your withdrawing from their deal.


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