Pinoy PR: So Easy to Withdraw $$$ from CPF! Then Apply EP!

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hotguy8888

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<DL class=userinfo_extra><DT>Join Date</DT><DD>Aug 2012</DD><DT>Posts</DT><DD>264</DD></DL>
[h=2]Are PR FTs exploiting our system?[/h]

Editor’s Note: This article has been editted slightly before posting. Note that the social media link below is a portal meant for Filipinos working in Singapore. As Singapore continues its relentless push for more foreign talents coming in to work using the dreaded EP work permit system, let us be mindful that many foreigners will take us for a ride and also more importantly deprive many of our own local Singaporeans of a decent job – a job for the foreigners mean one less for our own people! Moreover last year, MOM statistics have shown that out of the 130, 000 job positions created, close to 80, 000 jobs went to foreigners when many of our well-educated mid-aged local PMETs have to take on cab driving or become property agents!

emem297 Posted: Thu Nov 18, 2010 11:11 am

http://www.pinoysg.com/forum/viewtopic.php?t=38021&postdays=0&postorder=asc&hig hlight=work+singapore&start=0

PR withdrawal

Step 1) clear all your TAXES first with IRAS (usually its your employer who will file online on behalf); just inform your HR ahead of time…based on my experience, my HR manager filed it within 2 days only…

Step 2) go to ICA, write a letter stating your intention/reasons for cancelling your PR status. (I just wrote mine manually in front of the officer at ICA ); then wait for the Letter of Renunciation of PR status issued by an ICA officer; usually takes about 10 minutes in total waiting time. they will stamp your passport with 1 month validity to stay here in SG; but may also extend for another month if needed, as advised:

At ICA: bring all relevant documents such as passport, PR card and yellow journey card.

Step 3) go to CPF website, do the online cancellation of your PR status. (its faster, only 10 working days) and manual application is 15 days.

Step 4) go CPF building at Tanjong Pagar, 2nd floor…inform the staff that you will submit the needed documents to support your online application. They will notarize all your documents there..so no need to do any notarization from any lawyer..(its a lot of money saved!). Again: THEY WILL DO ALL THE NOTARIZATION (they will even photocopy for you too!).

At CPF office they will ask for all originals….only 2 documents will be asked: 1) ICA letter, 2) passport (current and old).—yes…only these documents alone if processed online! no more! no less!…coz I bring all my stuff; from birth cert, marriage cert,and all….the CPF officer was laughing at me why I bring so many unnecessary documents….

Step 5) just within 10 days..and tananah-nah…! money will be transfered into your account with all the interests!..its money time! big money! so handle well…hehehe…and just enjoy your next journey wherever u may be….

dream on!

********

Dear Gilbert,

I have wrote to you last week on the Temporary Employment Pass and Temporary Work Permit. I’m a PR holder who is considering to convert to be a Singapore Citizen. However, I saw some information in certain websites whiich really discourages me. Some of them are on display here:-:

http://forum.singaporeexpats.com/ftopic86153.html
there is another person posted on pinoy’s forum:
http://www.pinoysg.com/forum/viewtopic.php?t=49917

And this is a classic example of how some PRs are using Singapore as stepping stone to greener pastures elsewhere:
http://www.pinoysg.com/forum/viewtopic.php?t=38021&highlight=work+singapore

And my friend (a Filipino) shared with me how a nurse in KKH also uses the same tactic, – stay as PR in SG for 10 years, few years ago they revoked their PR status, took out their CPF to support them to go to Canada and recently they are back in SG to work as a EP pass holder!

The reason they are back to Singapore is because her husband is unable to find an engineer job in Canada – she is the only one working there as a nurse. It’s also common knowledge that most hospitals in SG employ Filipinos – last time I heard they comprise almost 75% of the overall nursing manpower here. Recently, if you notice, there are now more PRCs working in the restructured hospitals and private hospitals and they can’t even speak and write proper English! How terrifying it is for the patient or the parent of the patient…

I am going to convert to be a Singapore citizen soon and support my son when he goes to NS (I always believe military training is good for boys, so they will not grow up as a “softie”) and will contribute to the society in Singapore. I just hope that the government is able to differentiate between who truly has a heart for the country and who does not.

I really look forward to share with you my thoughts as a Singaporean soon - only need to show a pink IC. Don’t give up, encourage the young to fight for our country.

Best regards,
working mommy​

 

[scbccb]

Simple lah. Just print this out and send to PMO with a footnote. Are you leeady for 2016?

 

[garlic]

anyone knows how to upgrade from pink to blue?

 

[eErotica69]

anyone knows how to upgrade from pink to blue?

Easy, just renounce your citizenship and apply for SPR. Before that make sure you get a citizenship of another country. Provided they dun mind taking you in.

 

[Cruxx]

Easy, just renounce your citizenship and apply for SPR. Before that make sure you get a citizenship of another country. Provided they dun mind taking you in.

You think your PAPzi masters are gong cheebyes like you?

"If you are granted PR or citizen status again, please note that you will have to refund the amount withdrawn from your CPF Account at the time of renunciation, along with interest rate accruals." http://www.guidemesingapore.com/relocation/citizenship/renouncing-singapore-citizenship

"Male ex-Singapore Citizens and ex-Singapore Permanent Residents who are granted Singapore PR status are liable to be called up for NS regardless of the type of PR status they are granted." http://www.mfa.gov.sg/content/mfa/overseasmission/sanfrancisco/consular_services/permanent_residentservices/apply_for_singaporepermanentresidence.html

 

[Bebeque]

You think your PAPzi masters are gong cheebyes like you?

"If you are granted PR or citizen status again, please note that you will have to refund the amount withdrawn from your CPF Account at the time of renunciation, along with interest rate accruals." http://www.guidemesingapore.com/relocation/citizenship/renouncing-singapore-citizenship

"Male ex-Singapore Citizens and ex-Singapore Permanent Residents who are granted Singapore PR status are liable to be called up for NS regardless of the type of PR status they are granted." http://www.mfa.gov.sg/content/mfa/overseasmission/sanfrancisco/consular_services/permanent_residentservices/apply_for_singaporepermanentresidence.html

OK, if what Pinoy wrote is correct and the laws Cruxx quoted are correct, then why is Pinoy not asked to refund his CPF money back to his account when he comes back to work in Singapore?

CPF and Immigration are presumably working closely to prevent such abuse which must have been tried before by some 'clever' former PRs.

So who is making a "honest mistake" now?????

Or, the rules and laws are there and some people are just not doing their jobs by closing one eye, or even two eyes on such abuse?

Or have CPF rules been changed oredi to provide such generous handouts to welcome even more FTs????

It makes a mockery of the whole CPF machinery, if both postings are factually correct!!!

 

[eatshitndie]

OK, if what Pinoy wrote is correct and the laws Cruxx quoted are correct, then why is Pinoy not asked to refund his CPF money back to his account when he comes back to work in Singapore?

if the pinoy re-applies for pr and is granted pr again, heshe will have to reinstate hisher cpf. if heshe simply returns to sg to work on a work permit or employment pass, there's no reinstatement of cpf.

 

[Bebeque]

if the pinoy re-applies for pr and is granted pr again, heshe will have to reinstate hisher cpf. if heshe simply returns to sg to work on a work permit or employment pass, there's no reinstatement of cpf.

Is that so?

So finally, the Pinoy is smart enough to exploit this loophole and get hisher CFP out earlier than all other poor Singaporeans and Malaysia PRs.

Just wonder after this, will ah nehs, pinkertons, Chinese and even Malaysian PRs do the same? Poor CPF and MOF mandarins sure have a lot of work coming to them.

Or have this loophole oredi been practised all this while, right under the noses of the lordships in CPF, MOF, MAS, GIC, Temasek???.

Who allowed these abuses???:(:(:(

 

[halsey02]

Where the resident's rattus here who will come with facts to refute the 'myth'?, if there is no truthful or factual rebuttal; then this Pinoy/Pinay is telling the truth. We are truly Farked!

 

[streetsmart73]

hi there


1. honest, i really doubt the authenticity of the article & claim by such pinoy.
2. now, i have had another case.
3. pinoy working previously under the employment pass (ep) with employer a.
4. the same pinoy resigned from employer and joined employer b.
5. naturally, employer b proceeded to apply for an ep for such pinoy.
6. hahaha! ep application kena rejected by mom but was offered a lower classification, the s pass.

 

[Bebeque]

hi there


1. honest, i really doubt the authenticity of the article & claim by such pinoy.
2. now, i have had another case.
3. pinoy working previously under the employment pass (ep) with employer a.
4. the same pinoy resigned from employer and joined employer b.
5. naturally, employer b proceeded to apply for an ep for such pinoy.
6. hahaha! ep application kena rejected by mom but was offered a lower classification, the s pass.

EP salary ceiling changes from time to time. If he does not qualify for EP because of higher limits when he applied for new EP, he was offerred SP instead (if he qualified).

Question is, why did MOM sanction and encourage such job hopping by FTs??? Singapore is sure an ideal and happy hunting ground for FTs out to maximise their salary expectations. WPs and SPs for non Malaysian (that is, non traditional sources) are originally meant to allow for a limited period of work in Singapore, thereafter, they leave. Period.

Or have the KPI targets on population numbers (latest a magical number of 6 million!!!) all these while forcing MOM minions to be generous and close two eyes on such blatant job hopping?

Very very strange neh!!!. No wonder Singapore managed to achieve more than double the polualtion number at over 5 million within only 47 years of medeka. This, wonderful KPI (???) success, it must be noted, despite previous 20 year period of "stop at two policy".

Or, was it a case of the right hand not knowing what the left hand was doing, all these years, resulting in such a mess???.

Somewhere, someone, is fully answerable for the situation now when Singaporeans find themselves being crowded out and out numbered in their own country.

 

[eatshitndie]

Or have this loophole oredi been practised all this while, right under the noses of the lordships in CPF, MOF, MAS, GIC, Temasek???.

the system can be exploited by anyone for maximum gain, not just for pinoys, or banglas, or angmos, or chinks. cashing out at peak value is key, and you need to renounce your sg citizenship to claim your cpf. invest the money somewhere else that gives you a higher return, and you can retire. the good about the sg system is that it goes thru' asset enhancement phases in cycles, and if you time it well and cash out at the right time, you will profit. and the best thing is there's zero capital gains tax. it's perfectly legal, and many millionaires are made that way. don't blame the system. use it.

 

[myo539]

Even foreigners know that it's easy to take out CPF money after satisfying the necessary conditions, and yet some S'poreans here still think that CPF Board has no money and you can't withdraw your money on reaching the required age.

If these Sporeans don't believe in themselves, who would believe them? The next time they are hospitalised, the Filipina nurse may just flung them onto the bed.

 

[batman1]

Pinoys and Pinays everywhere in this farking small island,everywhere u go u can hear this strange accent of Tagalog and they are talking very loudly as if this is their farking country Singa-Makati.KNNCCB.Everywhere u go u can see them in Shopping Malls,Buses,MRTs,Marina Bay Sands,Breadtalk,Call Centres...etc
They are in Sinkeeland and they don't even want to speak in English BUT purposely speak in Tagalog among themselves Filipinos.So farking PAP Ministers,why don't Foreigners speak in Engliah or Chinese or Malay or Tamil,so how can they integrate in to our Singaporean Society ?? Wake up OK u farking PAP Ministers ! Don't sleep on the job !

 

[Cruxx]

Even foreigners know that it's easy to take out CPF money after satisfying the necessary conditions

It's easy to strike Toto after satisfying the necessary conditions too.