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PR application....

Relocating, travelling or planning to make Singapore home? Discuss the criterias, passes or visa that is required.
bluenose
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PR application....

Postby bluenose » Mon, 04 Jun 2012 12:16 pm

I am in the process of applying for PR.
I have an appointment for 03 August!

My case is thus;
I have been EP for 7 years, now I have my own company here and pay tax for personal and small corporate tax.
I have recently married a Singaporean
I have a mortgage on a condo here


I will let you know how it pans out and hopefully it can be used to help others....I am quite positive of success, but then again, this is Singapore!

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Postby Mad Scientist » Mon, 04 Jun 2012 5:23 pm

Good Lyuck, you should be alright based on what you wrote
The positive thinker sees the invisible, feels the intangible, and achieves the impossible.Yahoo !!!

bluenose
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Postby bluenose » Fri, 03 Aug 2012 1:51 pm

WOW....
Bit of a process this PR stuff.....
I had to note down all the times I had been in and out the country since I became EP.....being in the oilfield....thats a lot!
They want to know all sorts.....even details of my family members that are not applying for PR!

I have an appointment on 14 August....so here's hoping!!


One question.....what are the benefits of PR over EP???

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Postby the lynx » Fri, 03 Aug 2012 2:13 pm

bluenose wrote:WOW....
Bit of a process this PR stuff.....
I had to note down all the times I had been in and out the country since I became EP.....being in the oilfield....thats a lot!
They want to know all sorts.....even details of my family members that are not applying for PR!

I have an appointment on 14 August....so here's hoping!!


One question.....what are the benefits of PR over EP???


1. Easier to apply credit cards.
2. Do not have to leave the country in-between jobs.
3. Able to join contests
4. Ability to buy HDB.
5. Cheaper library memberships and borrowing privileges (yes I'm a bookworm!)
6. Cheaper club memberships

Hmm... that's all I can think off...

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Postby v4jr4 » Fri, 03 Aug 2012 2:18 pm

the lynx wrote:
bluenose wrote:WOW....
Bit of a process this PR stuff.....
I had to note down all the times I had been in and out the country since I became EP.....being in the oilfield....thats a lot!
They want to know all sorts.....even details of my family members that are not applying for PR!

I have an appointment on 14 August....so here's hoping!!


One question.....what are the benefits of PR over EP???


1. Easier to apply credit cards.
2. Do not have to leave the country in-between jobs.
3. Able to join contests
4. Ability to buy HDB.
5. Cheaper library memberships and borrowing privileges (yes I'm a bookworm!)
6. Cheaper club memberships

Hmm... that's all I can think off...


Plus medisave, CPF (well, small benefits :P ), cheaper school fees for your child :D

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Postby wwww » Fri, 03 Aug 2012 3:43 pm

the lynx wrote:
bluenose wrote:WOW....
Bit of a process this PR stuff.....
I had to note down all the times I had been in and out the country since I became EP.....being in the oilfield....thats a lot!
They want to know all sorts.....even details of my family members that are not applying for PR!

I have an appointment on 14 August....so here's hoping!!


One question.....what are the benefits of PR over EP???


1. Easier to apply credit cards.
2. Do not have to leave the country in-between jobs.
3. Able to join contests
4. Ability to buy HDB.
5. Cheaper library memberships and borrowing privileges (yes I'm a bookworm!)
6. Cheaper club memberships

Hmm... that's all I can think off...


subsidized healthcare
no extra stamp duty when buying private property (first unit) or less stamp duty (second unit)

Able to join contests...seriously? I never heard of this one.

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the lynx
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Postby the lynx » Fri, 03 Aug 2012 3:47 pm

wwww wrote:Able to join contests...seriously? I never heard of this one.


Hehe interesting right?

All national-level lucky draws, contests will have that rule in all T&Cs that says that only Singaporean citizens and PRs are allowed to participate.

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wwww
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Postby wwww » Fri, 03 Aug 2012 3:49 pm

the lynx wrote:
wwww wrote:Able to join contests...seriously? I never heard of this one.


Hehe interesting right?

All national-level lucky draws, contests will have that rule in all T&Cs that says that only Singaporean citizens and PRs are allowed to participate.


Does this also apply to the lottery? :?

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Postby zzm9980 » Fri, 03 Aug 2012 4:32 pm

CPF and buying resale HDB are the big ones. I don't know what's "small" (per v4jr4) about CPF benefits for citizen vs PR. AFAIK, you get everything a Citizen does when it comes to CPF. The big one is employer matching on your CPF deposit, and then tax-free contributions towards your mortgage if you purchase property.

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Postby iloverice » Fri, 03 Aug 2012 4:42 pm

I think lottery is open to all, because few years back there were this Malaysian person who won big, I mean really big, a million, and the newspaper wrote something like, gahmen inviting him to be one of 'us'.
Please correct me if I'm wrong.

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wwww
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Postby wwww » Fri, 03 Aug 2012 4:48 pm

iloverice wrote:I think lottery is open to all, because few years back there were this Malaysian person who won big, I mean really big, a million, and the newspaper wrote something like, gahmen inviting him to be one of 'us'.
Please correct me if I'm wrong.


Good, so I didnt completely waste my money before becoming PR :cool:

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Postby nakatago » Fri, 03 Aug 2012 4:52 pm

zzm9980 wrote:CPF and buying resale HDB are the big ones. I don't know what's "small" (per v4jr4) about CPF benefits for citizen vs PR. AFAIK, you get everything a Citizen does when it comes to CPF. The big one is employer matching on your CPF deposit, and then tax-free contributions towards your mortgage if you purchase property.


The Supplementary Retirement Scheme is available for non-PRs and non-citizens. Functions very similarly to CPF when it comes to contributions (there are differences of course; just don't remember all of them). Participation by companies, however, is optional if not unknown by most companies though.

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Postby zzm9980 » Fri, 03 Aug 2012 5:00 pm

nakatago wrote:
zzm9980 wrote:CPF and buying resale HDB are the big ones. I don't know what's "small" (per v4jr4) about CPF benefits for citizen vs PR. AFAIK, you get everything a Citizen does when it comes to CPF. The big one is employer matching on your CPF deposit, and then tax-free contributions towards your mortgage if you purchase property.


The Supplementary Retirement Scheme is available for non-PRs and non-citizens. Functions very similarly to CPF when it comes to contributions (there are differences of course; just don't remember all of them). Participation by companies, however, is optional if not unknown by most companies though.


Yeah. The big money-making benefit (at least to me) is the employers (almost) matching contribution into CPF, and both contributions being tax-free. That'll cover a significant chunk (or all) of most any mortgage.

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Postby v4jr4 » Fri, 03 Aug 2012 5:19 pm

zzm9980 wrote:CPF and buying resale HDB are the big ones. I don't know what's "small" (per v4jr4) about CPF benefits for citizen vs PR. AFAIK, you get everything a Citizen does when it comes to CPF. The big one is employer matching on your CPF deposit, and then tax-free contributions towards your mortgage if you purchase property.


Well, the CPF rate is not small, but surely it will, somehow, affect your decision for daily expenses (well, some pros and cons here and there). Still, you can use the CPF later on. It's like a "forced-saving" :P

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Postby revhappy » Fri, 03 Aug 2012 5:38 pm

zzm9980 wrote:
nakatago wrote:
zzm9980 wrote:CPF and buying resale HDB are the big ones. I don't know what's "small" (per v4jr4) about CPF benefits for citizen vs PR. AFAIK, you get everything a Citizen does when it comes to CPF. The big one is employer matching on your CPF deposit, and then tax-free contributions towards your mortgage if you purchase property.


The Supplementary Retirement Scheme is available for non-PRs and non-citizens. Functions very similarly to CPF when it comes to contributions (there are differences of course; just don't remember all of them). Participation by companies, however, is optional if not unknown by most companies though.


Yeah. The big money-making benefit (at least to me) is the employers (almost) matching contribution into CPF, and both contributions being tax-free. That'll cover a significant chunk (or all) of most any mortgage.


In most cases the employer's contribution to CPF is no benefit. Because AFAIK, most companies that I know of will restructure your salary so in effect both the employer's contribution comes from the same original salary so after taking PR your take home reduces drastically.

Some companies, like mine, give the employers contribution to a private pension fund and employees also need to contribute and after applying for PR we move to the CPF so again no benefit there.

There are very few companies where you actually get a real "bump up" in your salary because of the employers contribution.


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