Re: [EZLINK] Surrendering PR status: need pay back subsidy
That deduction is not meant for subsidies or education, It's a tax.
This tax is meant for PRs and also for citizens.
It's 22% of CPF, out of which 50% will discounted for those who are contributing more than 10 years.
more info can be had at Ministry of finance website
http://app.mof.gov.sg/faq/faq.asp?category=Supplementary+Retirement+Scheme+(SRS)&subheading=Withdrawals#question1
thx
Raja
srinivas rao <srinivas1006@yahoo.com> wrote:
Hi all,
it is very interesting to know about it. my friends
left earlier, they did not come across this issue.
they may not 'enjoyed' any subsidies on education and
hospitalisation. i don't think there is "others" as
there are no other subsidies for PRs to my knowledge.
what about "surrendering citizenship"? are they liable
for deductions? if so, housing subsidy is too much to
pay back.
share your experience please.
regards
--- S Mahesh <maheswarans@yahoo.com> wrote:
> Hi,
>
> Yes it is true.
>
> It will be calculated according to the subsidies you
> have enjoyed from
> the day of you becoming PR.
>
> Subsidies normally used :
>
> 1. Education
> 2. Medical
> 3. others
>
> Thanks and Regards,
> Mahesh.
> --- nirupama sreenivasan <nsreeniv@yahoo.co.in>
> wrote:
>
> > Hey Friends,
> >
> > I have no idea on this...I am hearing this for
> the first time...I
> > dont think this is true....
> >
> > Anyone please throw light into it...30k is a big
> amount....
> >
> > Rgds
> > Sreeniv
> >
> > Nagesh kumble <nagesh_kumble@yahoo.com> wrote:
> > Hi friends,
> > i got a news from my friend that whovever
> surrendering PR status need
> > to pay back all the subsidy that he enjoyed during
> his stay here in
> > Singapore.according to him he was in singapore for
> 8 years and he
> > paid almost 30k.you guys have any idea how this
> being calculated.i
> > feel it's very important for all of us, specially
> PR's.according to
> > him government charged more on education.
> > any body or your friends experienced this
> situation please shed some
> > light on this matter.
> >
> > Regard's
> > NAGESH
> >
> > ---------------------------------
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