indirect tax I guess my sarcasm was lost in the mix , and I am humble peon who walks to work and can't even afford a tree house in KL

Well for the uninitiated, your CPF monies will also be used to buy/ force insurance (even if you already have a policy back in MY). New ruling to buy HBO (second hand) is after 3 years being PR.

Not if you are living in peninsular Malaysia, even if you no longer work in Singapore / no longer a PR. Only way is to get the $$$ (before 55) is to emigrate somewhere outside of Malaysia.

Sabahan and Sarawakian can take it out before 55 by stating they will not return to work in Singapore. If they return, they need to repay the $$$ into CPF + interest

Caveat emptor !!!

Q: Can I withdraw my CPF if I am leaving Singapore and West Malaysia permanently? If so, what do I need to do?
A: You may withdraw your CPF in full if you have left Singapore and West Malaysia permanently with no intention of returning to either country for employment or residence.

So if say I take PR and pay CPF till like 35 years old. I withdraw everything and come back to M'sia. Then I can't work in West Malaysia also? Have to work in East Malaysia only? Really?


Btw...

Q: I have left Singapore and withdrawn all my CPF monies. Do I need to refund the CPF monies withdrawn if I am coming back to work in Singapore?
A: If you are returning to Singapore to work and taking up Singapore permanent citizenship/residence, you need to refund the CPF you had withdrawn (including interest) previously.

However, if you are returning to Singapore on employment pass or work permit, there is no need to refund the CPF you had withdrawn previously

This post has been edited by IwanAGP: Jul 14 2014, 06:07 PM

how do u even equate 36%
unless your employer pays you the 16% they are supposed to pay to CPF if they hired a sgporean or pr, then where do u get that 16%
sweatshops do not pay u that 16%
make up your mind

Only way to get the $$$ is to Keluar from Malaysia (if you are peninsular Malaysian AKA Malaya). Go get a Indonesia citizenship, Australia citizenship, Thailand citizenship etc.
Or you balik MY (after renouncing your PR and stop working in SG) and wait long long until 55 and come back to Singapura to get your $$$.

If you Sabahan or Sarawakian, you can balik to Malaysia (east or west) and take the $$$ (renounce PR) but must sumpah you will not come back to Singapore to work. If you come back to Singapura to work again then you will kena sumpahan to repay all the CPF $$$ + interest (of the year you didn't leave the $$$ in CPF) if you are taking PR again.

Ada faham ?

This post has been edited by LiangZhuge: Jul 14 2014, 06:12 PM

20% your side (max $1000 monthly - if not mistaken), 16% employer side (can't remember the max +- $1k monthly ?) .. again my sarcasm is lost (CPF is your money, so 36% is the "forced savings/ indirect tax")

Some good sweatshops do pay you the 16% even if you are not PR but sadly my sweatshop don't

Faham... Means I'm still free to work in SG/MY just not SG PR la.

thanks for response neway

got X X-tra service also i give

Once you taken PR and renounce it, cabut with the $$$ and sumpah will not come back, later you want to balik work in SG (via EP or WP), what do you think the chance of getting the permit ?

He can co broke

Indeed it is fun to have all your friends there with you. But end of the day, why limit your horizon due to friendship? Similarly, if none of your friends wish to pursue further studies, do you also choose not to do so?

This thought crossed my mind almost a decade ago. But i cared less and headed down south even though I had a job offer in Penang.

Plus once you do well in Singapore, you'll have the last laugh.

No idea. But I understand la...

Still free to work in Malaysia? Or WM company won't hire also? Those Q&A prepared a little contradicting.

Once you cabut with the $$$, West Malaysia don't care as is not binding to SG laws. If you are really afraid then don't go to SG anymore after than.

Penang lang? I worked in Penang last year and hesitated long enough to move here. I have the last smile.

This post has been edited by be_happy: Jul 15 2014, 02:46 PM

my guess is the chances are REALLY LOW!!

Bo la~ Wa si Sarawak kia. When graduated from Uni., due to engineering background, many Penang companies come to recruit us - e.g. Intel, Motorola etc. So got an offer there before I moved down south.

do they still employ ppl from East Malaysia ? The last round MOM is avoiding them like a plague.

You are making me worry.

I got offered last week.

I think you're referring to this news sometime back: Singapore Shuns Workers

If you're capable, no reason for SG to discriminate.

for everyone that is 'capable' there, there is always someone better elsewhere, amid, with a better attitude.

One mountain got one mountain high. After old age and brain expiry date kicks in gahmen will replace us with younger fts. Look at the problem locals having now... Every countries have their own problems. This is one of the criteria I considered when they invite me for citizenship. Short term looks good, long term still blur. Pr best hidup hidup.