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Re: Question about CPF cut

❰❰ Quote:
Hi Guys,
I'd like to ask about CPF cut; let's say my monthly salary is around SGD$5k. I understand when you converted to Singapore Permanent Resident there will be 20% CPF cut/contribution.

My salary component is composed of MS/CS (Monthly/Consol Salary) and MVC (Monthly Variable Component) both add up to $5k in total. My question is, will CPF Cut deducted from my total $5k salary or only from MS/CS?
❱❱
From the total amount. Also all your bonuses (if any) are subject to cpf.

Posted in Careers & Jobs in Singapore

Re: Cancelling EP IPA and applying for a new one? Will I be blacklisted?

Hi,

I have a situation whereby I have gone through interview process with company A for almost 5 months (!) because they were extremely slow in moving but in the end I accepted the offer. However due to my anxiety of waiting and also because I lacked confidence in their process I continued interviewing and had another much better offer with company B. I have decided to go with company B and notified company A about this.

The status with company A is EP recently approved but I have not signed the IPA.
1. How can I get company A to help withdraw the application if they are unresponsive?
2. Should I let company B know about my situation?

Help!

Posted in PR, Citizenship, Passes & Visas for Foreigners

Re: REP not renewed, question on private shield insurance plan and other issues

❰❰ Quote:
Hi all

Just got my REP renewal application rejected as I am outside Singapore currently, and given the Covid situation I'm not sure if I should re-enter Singapore and stay till I can get it renewed. ](*,)

46 y.o Msian male C.

Now I plan to retain my CPF intact for now regardless whether I am eligible to withdraw or not
Question is
1. what happens to my private shield plan (I currently have enhanced Incomeshield Basic PR) Can I still maintain this plan with a different/higher premium.
According to CPF website, policy holders are advise to check with your private insurer. Does that mean this policy differs between the different insurers? Which insurer then allows non-PRs to retain coverage?

❰❰ Quote:Q What would happen to my Integrated Shield Plan if I renounce my Singapore Citizenship/ Permanent Residency?
A
When you renounce your Singapore Citizenship/ Permanent Residency, the MediShield Life component of your .....

Posted in PR, Citizenship, Passes & Visas for Foreigners

Re: Opening a bank account in Singapore as a EU citizen

Thanks for the answers, very useful. Does anyone know how it is with local Singaporean banks? Would that also be possible? Transferwise I use already for money transfer but I rather would like to go with a "real" bank.

Posted in Relocating, Moving to Singapore

Question about CPF cut

Hi Guys,
I'd like to ask about CPF cut; let's say my monthly salary is around SGD$5k. I understand when you converted to Singapore Permanent Resident there will be 20% CPF cut/contribution.

My salary component is composed of MS/CS (Monthly/Consol Salary) and MVC (Monthly Variable Component) both add up to $5k in total. My question is, will CPF Cut deducted from my total $5k salary or only from MS/CS?

Thank you.

Posted in Careers & Jobs in Singapore