As announced last year Singapore Ministry of Manpower (MOM) will continue to raise the qualifying salaries and levies for S Pass. These changes were first introduced September 1, 2022.Beginning September 1, 2023, New S pass applications and S Pass renewal applications will be required to meet the below updated qualifying salary requirements. Older candidates will continue to require a higher salary to qualify.
Changes to S Pass qualifying salaries
|
Sector |
From Sep 1, 2023 for new applications |
From Sep 1, 2023 for renewals |
|
All(except financial services) |
SGD3,150 |
SGD3,000 |
|
Financial Services |
SGD3,650 |
SGD3,500 |
Changes to S Pass levy rates
The S Pass Basic / Tier 1 levy rate will also be raised as follows:
|
Current Tier 1 levy rate |
From Sep 1, 2023 |
|
$450 |
From $450 to $550 |
There are no changes to the S Pass Tier 2 levy, which will remain at $650.
*Tier 1 Levy (for companies with S Passes up to 10% of the total workforce)*Tier 2 Levy (for companies with S Passes above 10% to 18% of the total workforce)
Erickson Insights and Analysis
The changes in qualifying salary and levies is the second of 3 progressive steps to be implemented by MOM. We expect additional increases to follow between September 1, 2024, and September 1, 2026. It may be prudent for companies to ensure that the salary level of their foreign employees is at least at the same level or higher than their local counterparts in the same role within the same industry. The gradual changes in the requirements released by MOM would provide the opportunity for the companies to prepare for changes in their workforce planning if required.
Employers can use the Self-Assessment Tool on the MOM website to assess whether their EP or S Pass applicants will meet the new qualifying salaries.
Erickson Immigration Group will continue to monitor developments and share updates as more news is available. Please contact your employer or EIG attorney if you have questions about anything we’re reporting above or case-specific questions. More details on upcoming changes to S Pass eligibility can be found here.