PEP annual salary declaration

[Wd40]

Just wanted to remind all the newly minted PEP holders, its that time of the year, when you have to make your annual salary declarations.

[Sergei82]

They should send an e-mail with the form or how? Ourselves?

[zzm9980]

They should send an e-mail with the form or how? Ourselves?

PEP Freshies:

http://www.mom.gov.sg/foreign-manpower/ ... tails.aspx

[bgd]

Thanks for this. Wasn't aware it was required. Form submitted.

[rajivv]

Thanks for the note

[AlittleConfused]

Hi there - I'm a little confused regarding the minimum annual salary requirement for the PEP. I received my PEP early this year and had applied as I was unhappy with my current job and wanted to quit. My industry is very competitive and hence I had a 4-6 month non-compete to serve out depending on what was enforced. I received my PEP and then quit, and then took up employment a couple months ago (within the 6 month required stipulation and after serving out my non-compete). Both my previous and current jobs fulfil the minimum annual salary requirement. However, now that I was unemployed in between, obviously my 'fixed salary' summed up over the past year does not equal the 144,000 required (fixed salary is just above the minimum required). What do I declare for annual fixed salary? My fixed salary at my new job (that fulfils the requirement) - or the sum of fixed salary for the past year (which obviously doesn't fulfil due to the FORCED unemployed period due to non-compete)? It is unreflective to fill in the actual fixed salary. Any experienced thoughts?

[Wd40]

For the year 2013, it doesn't have to be 144,000. As long as it is 34,000 for the year 2013 you are good you keep the visa for the next year(2014).

For the next year(2014) however, you need to meet the figure of 144,000 or else from 01-01-2015 onwards your PEP will be invalid and you need to apply for another suitable work pass by that date.

[AlittleConfused]

Thanks for that - 2 things to clarify though:

1) My PEP is recent (i.e. the 3 year validity one issued early this year after the updated criteria) - so does the 34,000 criteria still hold? (isn't that only for existing PEP holders?)

2) Also secondly - more from a spirit-of-the-law/practical/logical point of view - the point of the PEP is to allow the holder flexibility to be unemployed for upto 6 months. So hypothetically for someone who loses his job in Jan 2014, then regains employment in Jun 2014 (within 6 months) - his annual salary declaration will probably be around 72000 (assuming he/she has a salary of 12000 for the new job). Would the person still qualify? Else it seems pointless to have the perk of being unemployed for upto 6 months if really that means your salary from before needs to cover up the required minimum for a year?

[Wd40]

I think you are right. Apologies for my previous misleading comment, its for older 5 year PEP holders.

I guess you are really out of luck on this one. Had you applied for your PEP like few months back i.e before the new rules came it, you would have been good.

I think you must approach MoM and your employer immediately and see what your status is.

[sundaymorningstaple]

If I am not mistaken, the minimum qualifying salary level would be prorated based on the number of actual months worked along with an explanation of course, otherwise - what happens if he was granted PEP while still outside of the country and once it was issued - lets say June, it took him 4 months to find a job? Are you saying that he would have to earn 72K/mo for the last two months of the year? I think not.

What will hold is the minimum salary of 12K/mo for those month worked (based on the 144K/pa requirements of the new 3 year PEPs).

[Wd40]

Good point, SMS and it makes sense. I really hope MoM also think that way, because there isn't much clarity on it, in their website.

[AlittleConfused]

I agree with SMS - that has to be the way it is looked at although like wd40 says - there is no clarification on the website. Usually Singapore is very practical with these kinds of things though so I would assume/hope that's how they would look at things.

[zip9999]

I would urge anyone who is not sure of what number to place in the form to call MoM and clarify. They are quite helpful and it only will set you back 10 minutes on hold. In my case, I switched jobs mid year and was off work for 2 months. They specifically told me to put on the form the total sum of base salary payments I received during the year rather than the current base pay I am receiving (I have been in the latest role since june)