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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.
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; iii.
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.
May 3, 2024 · Workfare Income Supplement. The WIS scheme was introduced in 2007 as a permanent feature of Singapore's social security system. WIS supplements the incomes and CPF savings of lower-wage Singaporean workers and encourages them to work regularly.
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; iii. earn a gross monthly income 1 of at least $500 2, but not more than $2,500 for the month worked and in the past 12 months ...
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 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...
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. Read Also: 6 CPF Changes ...
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.
Feb 16, 2024 · SINGAPORE: Low-wage workers who earn S$3,000 (US$2,200) a month or less will be eligible for the Workfare Income Supplement scheme from January 2025, Deputy Prime Minister Lawrence Wong announced...
