Pension for a non-EP holder foreigner in SIngapore

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saisai898
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Pension for a non-EP holder foreigner in SIngapore

Post by saisai898 » Fri, 06 Dec 2013 6:51 pm

Hello everyone,

I just find a job in Singapore after three months of hunting. It is a private small company and obviously they are not going to take care of Employment Pass.

The employer ask me if I need the pension fund scheme (maybe CPF, don't remember which acronym exactly), and then he realise the scheme is only for PR and Singaporean.

Seeking for suggestions/recommendations about pension solution for foreign non-EP. Thank you very much!

eg. I have searched the forum for relevant keywords and get nothing of this question. If anyone have the same experience or have a clue my situation please leave a message. Thank you!

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sundaymorningstaple
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Re: Pension for a non-EP holder foreigner in SIngapore

Post by sundaymorningstaple » Fri, 06 Dec 2013 8:22 pm

saisai898 wrote:Hello everyone,

I just find a job in Singapore after three months of hunting. It is a private small company and obviously they are not going to take care of Employment Pass.

WTF!! Run. As fast as you can, else you will be an illegal over-stayer who is not legally employed. You employer MUST apply for either a work permit or an employment pass. You cannot apply for it - the employer must do it as they will be the sponsor. You cannot work without one or the other.

The employer ask me if I need the pension fund scheme (maybe CPF, don't remember which acronym exactly), and then he realise the scheme is only for PR and Singaporean.

As a WP/EP holder you are not eligible for CPF (State pension plan) Only Permanent Residents or Citizens can contribute to the CPF fund.

Seeking for suggestions/recommendations about pension solution for foreign non-EP. Thank you very much!

There is nothing available unless you purchase a private annuity from an insurance company. You better make sure you can even work here legally first. Pension plans may well be the least of your problem.

eg. I have searched the forum for relevant keywords and get nothing of this question. If anyone have the same experience or have a clue my situation please leave a message. Thank you!
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers

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PNGMK
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Re: Pension for a non-EP holder foreigner in SIngapore

Post by PNGMK » Fri, 06 Dec 2013 11:39 pm

saisai898 wrote:Hello everyone,

I just find a job in Singapore after three months of hunting. It is a private small company and obviously they are not going to take care of Employment Pass.

The employer ask me if I need the pension fund scheme (maybe CPF, don't remember which acronym exactly), and then he realise the scheme is only for PR and Singaporean.

Seeking for suggestions/recommendations about pension solution for foreign non-EP. Thank you very much!

eg. I have searched the forum for relevant keywords and get nothing of this question. If anyone have the same experience or have a clue my situation please leave a message. Thank you!
You haven't got a job without an employer sponsored EP - you've got a problem. GTFO Singapore before you end up in Changi.

saisai898
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Re: Pension for a non-EP holder foreigner in SIngapore

Post by saisai898 » Sat, 07 Dec 2013 12:45 am

Hey, thanks for your guys' reply, I am now have a working pass so it will be fine. Also, thanks for the information from sundaymorningstaple about the retirement plan. Just check about that, AIA and some other Insurance company have that service on the list. Unfortunately I probably now don't have enough money to put on it. :(

saisai898
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Re: Pension for a non-EP holder foreigner in SIngapore

Post by saisai898 » Sat, 07 Dec 2013 12:52 am

PNGMK wrote:
saisai898 wrote:Hello everyone,

I just find a job in Singapore after three months of hunting. It is a private small company and obviously they are not going to take care of Employment Pass.

The employer ask me if I need the pension fund scheme (maybe CPF, don't remember which acronym exactly), and then he realise the scheme is only for PR and Singaporean.

Seeking for suggestions/recommendations about pension solution for foreign non-EP. Thank you very much!

eg. I have searched the forum for relevant keywords and get nothing of this question. If anyone have the same experience or have a clue my situation please leave a message. Thank you!
You haven't got a job without an employer sponsored EP - you've got a problem. GTFO Singapore before you end up in Changi.
Hey, I don't know which part of my words let you become angry or irritating. If so, I feel sorry about it.

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PNGMK
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Re: Pension for a non-EP holder foreigner in SIngapore

Post by PNGMK » Sun, 08 Dec 2013 10:08 am

saisai898 wrote:
PNGMK wrote:
saisai898 wrote:Hello everyone,

I just find a job in Singapore after three months of hunting. It is a private small company and obviously they are not going to take care of Employment Pass.

The employer ask me if I need the pension fund scheme (maybe CPF, don't remember which acronym exactly), and then he realise the scheme is only for PR and Singaporean.

Seeking for suggestions/recommendations about pension solution for foreign non-EP. Thank you very much!

eg. I have searched the forum for relevant keywords and get nothing of this question. If anyone have the same experience or have a clue my situation please leave a message. Thank you!
You haven't got a job without an employer sponsored EP - you've got a problem. GTFO Singapore before you end up in Changi.
Hey, I don't know which part of my words let you become angry or irritating. If so, I feel sorry about it.
You didn't make me angry - I was trying to emphasize the risk you may have been in if you didn't have an employer arranged WP and you were actually working.

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zzm9980
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Re: Pension for a non-EP holder foreigner in SIngapore

Post by zzm9980 » Sun, 08 Dec 2013 11:03 am

saisai898 wrote:
PNGMK wrote:
saisai898 wrote:Hello everyone,

I just find a job in Singapore after three months of hunting. It is a private small company and obviously they are not going to take care of Employment Pass.

The employer ask me if I need the pension fund scheme (maybe CPF, don't remember which acronym exactly), and then he realise the scheme is only for PR and Singaporean.

Seeking for suggestions/recommendations about pension solution for foreign non-EP. Thank you very much!

eg. I have searched the forum for relevant keywords and get nothing of this question. If anyone have the same experience or have a clue my situation please leave a message. Thank you!
You haven't got a job without an employer sponsored EP - you've got a problem. GTFO Singapore before you end up in Changi.
Hey, I don't know which part of my words let you become angry or irritating. If so, I feel sorry about it.
And by Changi, he means the Prison not the Airport.

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