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Renouncing PR and SRS withdrawal




I am an EP holder aged 40. Living in SG for 7 years with wife, who is pregnant - expected delivery (a son) in a couple of months.

We plan to move back to our home country in 7-8 years. Definitely not planning to retire in SG.

We want to apply for PR in Singapore for job security and lower taxes on property purchase.
I am also thinking of opening an SRS account (with DBS) to save on taxes.

A few questions - assuming we will get PR when we apply:
- Do I need to be physically present in Singapore at the retirement age to withdraw from SRS account? I will certainly be back in my home country by then
- I will need to renounce my son’s PR (and perhaps be forced to renounce my own PR too) when we inevitably move back to home country in a few years. Would the government allow me to return to SG post retirement (on a tourist visa) to collect my SRS funds?
- Does it make sense to apply for our PR right away (before the child’s birth), and have my son live with us on DP?

Samsters, can please help this foreign leeches sherlock101 at SINGAPORE EXPATS FORUM?


Alfrescian (Inf)
Hail the great PAP and all the foreign talent flooding the country so we can sacrifice our lives to protect them until they run road to their homeland