Salary :2000
Get Singapore pr at Age :40

Monthly 37% contrubhtin

Until age 60.

Age	Initial Balance	Annual Interest Rate	Balance at the End of the Year
40	$8,880	4%	$9,235.20
41	$9,235.20	4%	$9,598.69
42	$9,598.69	4%	$9,970.44
43	$9,970.44	4%	$10,350.49
44	$10,350.49	4%	$10,738.90
45	$10,738.90	4%	$11,135.72
46	$11,135.72	4%	$11,541.03
47	$11,541.03	4%	$11,954.88
48	$11,954.88	4%	$12,377.34
49	$12,377.34	4%	$12,808.49
50	$12,808.49	4%	$13,248.39
51	$13,248.39	4%	$13,697.15
52	$13,697.15	4%	$14,154.86
53	$14,154.86	4%	$14,621.63
54	$14,621.63	4%	$15,097.55
55	$15,097.55	4%	$15,582.73
56	$15,582.73	4%	$16,077.28
57	$16,077.28	4%	$16,581.29
58	$16,581.29	4%	$17,094.88
59	$17,094.88	4%	$17,618.16
60	$17,618.16	4%	$18,151.23

How will he do on age 60?

Give up PR right?

Now basic retirement sum  is $ 106,500.



The ERS will hence be $426,000 in 2025, instead of $319,500, which DPM Wong said will allow more members aged 55 and above to commit their accumulated CPF savings to receive higher monthly payouts.

The BRS provides CPF members with monthly payouts to cover their basic living expenses during retirement.

The higher ERS is part of wide-ranging changes to the CPF system that DPM Wong, who is also Finance Minister, announced on Feb 16.

So he cannot withdraw any money at age 60?

Docs like marriage certs,birth certs need to be translated eh?

no need, ica have malay workers

This has been asked many times before albeit the official docs saying that. Most malaysians never translate including my colleagues, my cousin etc. all hv no issues hvg it approved. And besides if they really do need translation they will inform u, they wont outright reject u because of this

Hello, just stumbled upon this thread. I applied march last year going to be 1 year now. Althought applied right after 6 months working here. Most of people i know who are malaysian male, freshgrads, 6 months exp will get exactly around 1 year, my indonesian colleague got it in 3 months.
interesting that many of u guys plan to convert to citizenship, dont think i ever will. KL to me have much better living standards and more things to do than sg. And i dont want to work till 60. I plan to work till 35-40 then retire back in my. U guys plan to work till retirement age?

EP, yea i have done my calculations, 35-40 should be a safe time with min 1 mil sgd. dont deposit in bank tho, make sure u invest ur savings in safe yet high returns places like snp500, berkshire etc.
i guess 10 years of working in sg is equivalent to 30-40 years of work in malaysia.

i wonder if the average singaporean have that option. Truly lucky to be malaysian to get the best of both worlds.

1 mil sgd with the average snp 500 annual return of 7%. let say i spend a conservative 3% / year is more than 100kmyr. enough for me.

yea the other 4 % is to counter inflation. but who knows, a lost decade may happen again. and im only 25 this year, 10 more years my circumstances could be totally diff. ill just enjoy the ride for now haha

I would say most, in the early days, would consider going back to Malaysia. In fact, I was one of them too .. haha. Singapore is a great place to stay, if you're priority is career, not a great place if you're more laid back. Everything is so efficient, in malaysia it could take me months to get my thing done, whilst in Singapore maybe less than a week. Best of all, things are merit based. You perform, you move up. At the same time, it is very tiring too.

Yes .. life of a kuli .. that's what u have to experience in your early days. Things will get better.

For me, I have flexible working hours. I go to work after the rush hours, and return before the rush hours. In return I work on weekends. I don't do bare minimum but rather doing my best with freedom given by my boss.

You don't have to stay in hdb, can get yourself car, don't have to go to malls go to a club instead, can go for atas food. Things will be different in the future. Unfortunately, I'm just a kuli too but at least I feel contented .. haha .. I grew up from a poor family, so I had to work for what everything I have today.

Difference in perspective I guess? Haha .. but things can get stressful too at times.

Set up a plan, what do u want in life? Life is so short, do u want to work till you r old? Do u want to retire early and travel around the world maybe. Plan out your life for the next 15 years including your finances etc

For me its not because of family, i just realise theres more to life than work, i do the bare minimum at my work now and go back earlier or on time. I feel suffocated in sg with the hdb view, taking public transport with the crowd and ocassional people who dont shower, the crowded malls, the shitty food, the rude people. sg really just not a place to live

If you have s pass or ep,
Work 6 months straight away apply...

Now salary threshold keep increasing

Yes.

I wonder my younger sister can get S Pass or not....

She still work at malaysia.

No intention to work at sg.

She just graduated, so she doesn't have the courage and confidence to work in Singapore. She'll take it slow.
But, you know, the salary in Malaysia is low, so she will eventually come to Singapore. That's what I think.......

Multimedia design

Only nurse demand is high.

I notice recently 2 minister said nurse will get PR than other sector...

Now sg economic worse than 2023?

Semiconductor sector also going to start hire people....
Maybe next few months.

Now the AI boost the sector....