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Boost your savings with Workfare Income Supplement. The Workfare Income Supplement (WIS) scheme encourages eligible workers to work and build up their CPF savings by providing them with cash payments and additional CPF contributions. Overview.
From 1 July 2023, the Workfare Skills Support (WSS) scheme is enhanced to: i. Allow more lower-wage workers to benefit from WSS and upskill earlier in their careers; ii. Encourage lower-wage workers to undertake deeper and more sustained training. Click here for more information.
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.
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.
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)
Find out how Workfare is a key pillar of Singapore's social security landscape. Scheduled Maintenance: CPF digital services will not be available on 7 Jul 2024, from 12am to 8am. A Singapore Government Agency Website
Feb 16, 2024 · The Workfare Income Supplement scheme, or Workfare, was instituted to supplement the incomes and Central Provident Fund (CPF) savings of lower-wage Singaporean workers to encourage them to work...
For enquiries on your Workfare Skill Support, Training Allowance and Training Commitment Award, please contact Workforce Singapore via their Service Portal. For more information on WSS, please visit the Workforce Singapore (WSG) website. 1800-536-833 Operating Hours: Mondays to Fridays: 8.30am to 5.30pm Saturdays: 8.30am to 1.00pm
Mar 1, 2023 · From 1 July 2023, the Workfare Skills Support (WSS) scheme will be enhanced to: Allow more lower-wage workers to benefit from WSS and upskill earlier in their careers – approximately 70,000 more lower-wage workers will benefit; Encourage lower-wage workers to undertake deeper and more sustained training.
Workfare is a multifaceted approach to a global problem, customised to Singapore’s unique social conditions and institutions. It is also a creative attempt to combine elements of wage supplementation and subsidy models.
