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Singapore | Updated minimum qualifying salaries for Employment Pass and S-Pass holders

In his budget speech to Parliament, the Prime Minister of Singapore announced new minimum qualifying salaries for Employment Pass (EP) and S-Pass holders, taking effect January 2027.

Key takeaways:

The table below outlines the current and new minimum monthly salaries across different categories:

Category Current Salary New Salary (from January 2027)
EP – General Sector SG$5,600 (about US$4,429) SG$6,000 (about US$4,745)
EP – Financial Services SG$6,200 (about US$4,903) SG$6,600 (about US$5,220)
EP – Experienced (45+, General) SG$10,700 (about US$8,462) SG$11,500 (about US$9,095)
EP – Experienced (45+, Financial) SG$11,800 (about US$9,332) SG$12,700 (about US$10,044)
S-Pass – General Sector SG$3,300 (about US$2,610) SG$3,600 (about US$2,847)
S-Pass – Financial Services SG$3,800 (about US$3,005) SG$4,000 (about US$3,163)
S-Pass – Experienced (45+, General) SG$4,800 (about US$3,796) SG$5,100 (about US$4,033)
S-Pass – Experienced (45+, Financial) SG$5,650 (about US$4,468) SG$5,650 (about US$4,468)

This alert has been provided by the BAL Global Practice Group.

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