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Updates to EP qualifying salary

The EP qualifying salary will be benchmarked to salaries of the top 1/3 of the local PMET workforce to ensure the quality of EP holders. EP holders must meet a higher qualifying salary from 1 September 2022.

Older candidates will require a higher salary to qualify.

The financial services sector will continue to have a higher qualifying salary due to higher wage norms.

With this benchmark, employers should expect regular updates to the qualifying salary to reflect local PMET wage trends, taking into account prevailing economic conditions.

At a glance

The revised qualifying salary will apply to:

  • New applications from 1 September 2022
  • Renewals from 1 September 2023
Sectors Current minimum qualifying salary Revised minimum qualifying salary
All
(except financial services)
$4,500
(increases progressively with age, up to $8,400 for candidate in mid-40s)
$5,000
(increases progressively with age, up to $10,500 for candidate in mid-40s)
Financial services $5,000
(increases progressively with age, up to $9,300 for candidate in mid-40s)
$5,500
(increases progressively with age, up to $11,500 for candidate in mid-40s)