Key Points
- Singapore will increase the Employment Pass salary threshold to $5,600 beginning January 1, 2025
Overview
The government of Singapore will increase the Employment Pass (EP) salary threshold to $5,600 beginning January 1, 2025. The current threshold is set at $5,000.
Meanwhile, EP holders working in the financial service sector must earn at least $6,200 a month or $11,800 for those aged 45 and above.
Looking Ahead
Continue to check the government of Singapore’s website for the latest updates and information.
Written by: Jessie Butchley, Global Immigration Writer, Envoy Global
Source: Ministry of Manpower, Singapore
