use HDB as bond for children's overseas studies
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Anyone can tell me HDB house can be use as bond for childrean to study in overseas
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Originally posted by Mails4001:
Anyone can tell me HDB house can be use as bond for childrean to study in overseas
You mean use HDB as collateral for a loan ? cannot. That loop hole has been plugged couple years back.
http://www.channelnewsasia.com/stories/singaporelocalnews/view/1070244/1/.html
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yes for bond to study in overseas
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Thank you for your prompt reply, any otherway to go about it as I cannot afford the money
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Originally posted by Mails4001:
Thank you for your prompt reply, any otherway to go about it as I cannot afford the money
You can use CpF to finance only local tertiary education.
or , if they are academically gifted, they can seek out scholarships or sponsorship to pay for their overseas education.
If not I suggest you be honest to your children about your financial situation.
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for my childrean . 12+,9+ and 6 + all boys
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I can afford the study in overseas but not the bond ,its seems extra cash on top of study money which I ..can't..?
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Originally posted by Mails4001:
I can afford the study in overseas but not the bond ,its seems extra cash on top of study money which I ..can't..?
Bond ? How much and from which program?
i have never heard of this kind of bond for overseas studying. Only for scholarship/sponsored programs.
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Exit permit
If you are 13 years old and above, you are subject to exit controls if you leave Singapore for 3 months or longer.
If you are between 13 and 16 1/2 years old
If you are overseas for 3 months or longer but less than 2 years, you need to apply for an exit permit.
If you are overseas for 2 years or more, you need to apply for an exit permit and a bond is also required. The bond amount is $75,000 or an amount equivalent to 50% of the combined annual gross income of both your parents for the preceding year, whichever is higher.
If you are above 16 1/2 and yet to be enlisted for NS
If you are overseas for 3 months or more, you need to apply for an exit permit and a bond is required. The bond amount is $75,000 or an amount equivalent to 50% of the combined annual gross income of both your parents for the preceding year, whichever is higher.
just for your info...Thank you
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That's the exit bond for NS. Not a study loan.
At what age are you planning to send your children overseas for study?
They can wait till after they finish National service, then go oversea to study. No need bond, only exit permit.
The reason why you need to post this NS bond is only to ensure your boys do not default on NS obligation.
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Hi Thanks , I wish to send my childrean now oversea, any idea how to go about.
tks
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But whats the motivation for studying overseas?
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Originally posted by SBS2601D:
But whats the motivation for studying overseas?
Would you like to come down to the local unis to have a look?
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I got the job, I wish to bring all my childrean together to there
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Source: www.ns.sg
Under the Enlistment Act, NS-liable persons are enlisted at the earliest opportunity upon turning 18 years old. For those who are studying, MINDEF does allow some flexibility for them to complete their full-time studies up to the GCE 'A' Levels or Polytechnic Diploma (or their equivalent), both locally and overseas, before enlisting for NS. Those who have already embarked on their full-time studies but who do not meet the deferment conditions, will have to disrupt their studies and be enlisted for NS at the earliest opportunity scheduled by the Central Manpower Base (CMPB), including those who take up Singapore Permanent Residency in the midst of their studies.
Local Studies in Government Schools
GCE 'A' Level Studies and International Baccalaureate (IB) Studies
NS-liable persons will be granted deferment for GCE 'A' Level and IB studies (and their equivalent) at Junior Colleges/ Millennia Institute/ Integrated Programme (IP) schools if they are able to commence the course* before 19 years old (for Secondary 4 students) or 20 years old (for Secondary 5 students), as at 1st January of the course commencement year.
* For NS-liable persons who are pursuing their GCE 'A' Levels or IB in the IP schools, the deferment cut-off age will apply to the 5th year of study.
Exceptions may be considered for students who do not meet these deferment cut-off ages, but are able to gain admission into Junior Colleges/ Millennia Institute/ IP schools.
NS-liable persons who are returning from overseas and who wish to pursue studies in Junior Colleges/ Millennia Institute/ IP schools must seek prior approval from CMPB. They must do so before applying through the Ministry of Education (MOE)'s School Placement Exercise for Returning Singaporeans - Junior Colleges and Millennia Institute (SPERS-JC/MI), or before applying directly to the Junior Colleges/ Millennia Institute/ IP Schools. Persons who are deemed to have already attained a first education bar qualification (defined as GCE 'A' Levels, Polytechnic Diploma or equivalent qualifications), be it locally or overseas, will not be granted deferment to pursue another first education bar qualification or another qualification below first education bar.
Persons who have failed their General Paper (GP)/ Knowledge & Inquiry (KI) or obtained less than 3 H2 passes (excluding KI) in one sitting of the GCE 'A' Level examination will be considered for further deferment to repeat their GCE 'A' Level studies on a full-time basis, subject to one repeat only. Persons who have failed to attain the IB qualification will also be considered for further deferment to repeat their IB studies on a full-time basis, subject to one repeat only.
Polytechnic Diploma Studies
NS-liable persons will be granted deferment for Polytechnic Diploma studies and its equivalent qualifications (e.g. courses at the Nanyang Academy of Fine Arts (NAFA) or the LaSalle College of the Arts) if they are able to commence the course before 19 years old (for Secondary 4 students) or 20 years old (for Secondary 5 students), as at 1st January of the course commencement year.
NS-liable persons who graduated with NITEC/Higher NITEC qualification from ITE Colleges will be granted deferment for Polytechnic Diploma studies and its equivalent qualifications if they are able to commence the course before 21 years old as at 1st January of the course commencement year. Applications for deferment from ITE graduates who are above 21 years old as at 1st January of their course commencement year will be considered on a case-by-case basis.
NS-liable persons who are returning from overseas and who wish to pursue Polytechnic Diploma studies and its equivalent qualifications must seek prior approval from CMPB before applying for their intended course of study. Persons who are deemed to have already attained a first education bar qualification (defined as GCE 'A' Levels, Polytechnic Diploma or equivalent qualifications), be it locally or overseas, will not be granted deferment to pursue another first education bar qualification or another qualification below first education bar.
Institute of Technical Education (ITE) Diploma Studies
NS-liable persons who completed NITEC or Higher NITEC studies at ITE Colleges, will be granted deferment to pursue the Technical Engineer Diploma (TED) or Technical Diploma (TD) programmes at ITE Colleges if they are able to commence the course before 21 years old, as at 1st January of the course commencement year. They will be granted deferment to complete the academic phase only, and will be enlisted for full-time NS at the earliest opportunity upon completion of the academic phase. Deferment will not be granted for work attachments and internships. Applications for deferment from ITE graduates who are above 21 years old as at 1st January of their course commencement year will be considered on a case-by-case basis.
NS-liable persons who are returning from overseas and who wish to pursue ITE Diploma studies must seek prior approval from CMPB before applying for their intended course of study. Persons who are deemed to have already attained a first education bar qualification (defined as GCE 'A' Levels, Polytechnic Diploma or equivalent qualifications), be it locally or overseas, will not be granted deferment to pursue another first education bar qualification or another qualification below first education bar.
NITEC and Higher NITEC Studies
NS-liable persons will be granted deferment for NITEC or Higher NITEC courses at ITE Colleges if they are able to commence the course before 19 years old (for Secondary 4 students) or 20 years old (for Secondary 5 students), as at 1st January of the course commencement year.
NS-liable persons who graduated with NITEC qualification from ITE Colleges will also be granted deferment for Higher NITEC courses if they are able to commence the course at ITE Colleges before 20 years old, as at 1st January of the course commencement year.
NS-liable persons who are returning from overseas and who wish to pursue NITEC or Higher NITEC studies at ITE Colleges must seek prior approval from CMPB before applying for their intended course of study. Persons who are deemed to have already attained a first education bar qualification (defined as GCE 'A' Levels, Polytechnic Diploma or equivalent qualifications), be it locally or overseas, will not be granted deferment to pursue another first education bar qualification or another qualification below first education bar.
GCE 'O' and 'N' Level Courses
NS-liable persons will generally be granted deferment to pursue GCE 'O' and 'N' Level studies at government, government-aided or independent secondary schools.
An extension of deferment may be granted for those who wish to repeat their GCE 'N' or 'O' Level studies on a full-time basis, subject to one repeat only.
Local Private Courses
NS-liable persons who graduated before September 2011 may be granted deferment to pursue full-time studies (up to the GCE 'A' Levels, Polytechnic Diploma or equivalent qualifications) at private institutions registered with the Council for Private Education (CPE), if they are able to commence the course before 18 years old, as at 1st January of the course commencement year. NS-liable persons graduating from September 2011 onwards may be granted deferment to pursue full-time studies (up to the GCE 'A' Levels, Polytechnic Diploma or equivalent qualifications) at private institutions registered with the CPE, if they are able to commence their courses before 19 years old (for Secondary 4 students) or 20 years old (for Secondary 5 & ITE students), as at 1st January of the course commencement year. The higher cut-off age will apply to courses commencing from 1st January 2012 onwards.
Deferment for private courses will be considered on a stage-by-stage basis (i.e. a Certificate course and a Diploma course, if packaged together, will be treated as separate courses for the purpose of granting deferment). A new application for deferment must be made before the commencement of a new stage of studies. Deferment for the new stage of studies will be subject to the same cut-off age stated in the preceding paragraph.
Overseas Studies
NS-liable persons who graduated before September 2011 may be granted deferment to pursue full-time overseas studies (up to the GCE 'A' Levels, Polytechnic Diploma or their equivalent qualifications) if they are able to commence the course before 18 years old, as at 1st January of the course commencement year. NS-liable persons graduating from September 2011 onwards may be granted deferment to pursue full-time overseas studies (up to the GCE 'A' Levels, Polytechnic Diploma or their equivalent qualifications) if they are able to commence their courses before 19 years old (for Secondary 4 students) or 20 years old (for Secondary 5 & ITE students), as at 1st January of the course commencement year. The higher cut-off age will apply to courses commencing from 1st January 2012 onwards.
NS-liable persons will be required to apply for an exit permit for overseas trips of 3 months and longer and will be required to furnish a bond of $75,000 or an amount equivalent to 50% of the combined annual gross income of both parents for the preceding year, whichever is higher.
Application for Deferment
NS-liable persons may apply for deferment online at the NS portal (http://www.ns.sg) during NS registration and pre-enlistment documentation.
Those applying for deferment to pursue local studies may be required to furnish documentary proof for verification upon CMPB's request. Upon CMPB's request, they will be required to submit to CMPB a letter from their school certifying their enrolment, their course of study, as well as their course commencement and completion dates.
Those applying for deferment to pursue overseas studies must submit to CMPB a letter from their school certifying their enrolment, their course of study as well as their course commencement and completion dates. In addition, they must submit their parents' Income Tax Notices of Assessment (both local and overseas) for the preceding year.
Those who subsequently wish to pursue or switch to a new course or institution must seek prior approval from CMPB.
Notes: The information provided in this website are general guidelines. For further details, you may wish to contact the NS Call Centre at [email protected] or Tel: 1800-3676767 (eNSNSNS). -
Originally posted by Mails4001:
I got the job, I wish to bring all my childrean together to there
If I am not wrong, children 13 years and older need the bond.. Your children are currently still young , I think they are still exempt untill they become 13 and holding a Singaporean citizenship.
Here's what I found on another forum. You may need to verify all information as posted below.
"This is often a nightmare for those who are leaving Singapore. The govt has never ever revealed the criteria for inclusion. Until Aug 2006, these were main operating criteria.
1) The child must have PR visa for a foreign country before his reaches 11 years of age and must actually leave by age 11. Until Aug 2006, all male Singapore passport issued before the age of 11 expired at age 11. Now it is 13 years of age.
2) Any renewal of the passport indicates that the child is now enjoying the privilege of citizenship. Any return to a local school, taking up NRIC etc is also considered falling under the criteria of enjoying the privilege of citizenship. Once the child enjoys the "privilege of citizenship" he must do NS.
3) This journey does not stop here, it carries on until the child becomes an adult at the age of 21. The 2 important steps that must be followed.
4) Step 1 - having migrated, at the age of 13, the child must apply for exit permit which can be done by e-mail. As this considered migrating for good. No bond is required. The clerk will tell you that a bond is required, don't give in. Deal with the Officer. If you fail to apply when the kid reaches 13 and the application is late, a notice of an offence committed will be issued which can be compounded with a fine. They will then grant you the exit permit.
5) Step 2 - The exit permit is valid until age 16 1/2. Once this is expired, you need to seek deferment until the age of 21 and indicate that you do not wish to return to Singapore. A deferment will be granted and when the child reaches 21, you will asked to renounce the Singapore citizenship. If your kid suddenly realises that PAP is the party for him, he then must renouce his foreign country citizenship and return to do his NS. If the latter happens you can assume that you failed as a parent or your kid is just not smart.
6)During this journey, your child can travel in and out of Singapore with no issues. Your child can also work in SIngapore once he reaches 21 and enjoy privilege of being a talent while having a safety net in a developed country." -
mayb some foreign talent getting ready to job the board over to other cocktry now.
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Originally posted by charlize:
Would you like to come down to the local unis to have a look?
Why not?
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Hi jojobeach,
Thank you, I did call Mindef they told me almost same but yours very clear.
esp para 4.... trickey