Singapore Expats Forum

Changes to PEP

Discuss about getting a well paid job or career advancement. Ask about salaries, expat packages, CPF & taxes for expatriate.

MichaelB1
Newbie
Newbie
Posts: 3
Joined: Tue, 20 Jan 2009

Changes to PEP

Postby MichaelB1 » Fri, 09 Nov 2012 11:02 am

Hi all,

haven't seen this posted so I thought I share this information from the MOM website regarding new rules for the PEP:

http://www.mom.gov.sg/MOMDoc/FAQs_on_Changes_to_PEP.pdf

Basically, the minimum annual salary is being quadrupled (!!!) from 34k to 144k - or 12k per month. If you apply from overseas you have to earn at least 18k per month.

Also, the validity won't be 5 years anymore but only 3 years.

All this takes effect from Dec 1st, 2012. For existing PEP holders there's a window period of 2 years until end of 2014 to meet the new criteria. Otherwise you will have to downgrade to a regular EP.

User avatar
the lynx
Governor
Governor
Posts: 5266
Joined: Thu, 09 Dec 2010
Location: Location: Location: Location: Location: Location: Location: Location: Location: Location: Location:

Re: Changes to PEP

Postby the lynx » Fri, 09 Nov 2012 11:16 am

MichaelB1 wrote:Hi all,

haven't seen this posted so I thought I share this information from the MOM website regarding new rules for the PEP:

http://www.mom.gov.sg/MOMDoc/FAQs_on_Changes_to_PEP.pdf

Basically, the minimum annual salary is being quadrupled (!!!) from 34k to 144k - or 12k per month. If you apply from overseas you have to earn at least 18k per month.

Also, the validity won't be 5 years anymore but only 3 years.

All this takes effect from Dec 1st, 2012. For existing PEP holders there's a window period of 2 years until end of 2014 to meet the new criteria. Otherwise you will have to downgrade to a regular EP.


Yes it has been posted few days ago :P :P :P

It was even made into a sticky!

http://forum.singaporeexpats.com/ftopic91377.html


  • Similar Topics
    Replies
    Views
    Last post

Return to “Careers & Jobs in Singapore”

Who is online

Users browsing this forum: No registered users and 1 guest