Minimum qualifying salary for new Employment Pass applicants to increase in 2025

SINGAPORE: The minimum monthly qualifying salary for new Employment Pass (EP) applicants will lengthen to S$5,600 (US$4,200) from next yr, up from S$5,000 currently.

These working within the monetary providers sector, which has “better wage norms”, must enjoy at least S$6,200 a month, up from the new threshold of S$5,500.

For EP renewal applications, the new qualifying salary will rob stop a yr later, on Jan 1, 2026, Manpower Minister Tan Gaze Leng launched on Monday (Mar 4).

EP qualifying salaries for new applicants had been closing raised in September 2022 by S$500. The minimum salaries for new S Pass applicants had been moreover increased on the time.

“By on a typical basis updating the qualifying salaries basically based on the region wage benchmarks, we impact sure a stage-taking half in field for locals,” Dr Tan educated parliament all the device through his ministry’s Budget debate.

The qualifying salary for EP applicants is benchmarked to the head one-third of salaries for native consultants, managers, executives and technicians, and increases progressively with age.

“It does no longer lead market wages, but is simply adjusted per prevailing wage norms,” the Ministry of Manpower (MOM) said in a media open.

The majority of EP holders already enjoy above the new qualifying salary and could moreover aloof no longer be plagued by the substitute, it added.