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Introduced in 2007, the Workfare Income Supplement is a broad-based measure that tops up the salaries of lower-income workers to help them save for retirement. Workfare is targeted at Singaporean workers whose earnings are in the bottom 20%, with some support for those slightly above.
Jun 20, 2024 · You will be eligible for the Workfare Income Supplement (WIS) scheme if you: i. are a Singapore Citizen; ii. are at least 30 years old or older on 31 December of the Work Year or are a person with disability of any age;
The Workfare Income Supplement scheme encourages eligible workers to work and build up their CPF savings by providing them with cash payments and additional CPF contributions. Please refer to cpf.gov.sg/wis for more details. If you wish to check your eligibility, you may login to our e-services.
Jun 24, 2024 · The Workfare Income Supplement (WIS) depends on your age and wages. You may use the online WIS calculator to estimate the amount of WIS you will receive.
May 3, 2024 · Workfare supplements income and retirement savings of lower-wage workers, and encourages upskilling with training support. Workfare is a key pillar of Singapore's social security landscape.
Workfare Income Supplement (WIS) Scheme. Supplements eligible workers' income and retirement savings through cash payments and CPF contributions. SCHEME HIGHLIGHTS. Employees: payment of up to $4,200 per year currently and up to $4,900 per year from 2025 (40% cash, 60% in CPF)
Feb 23, 2024 · Workfare Income Supplement (WIS) aims to support Singaporean workers who are in the bottom 20% in terms of earnings. To support lower wage workers, the WIS is enhanced again for Work Year 2025, as announced in Budget 2024. Here’s what you should know about WIS and how much eligible Singaporeans will receive each year.
