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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.
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.
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.
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.
About Workfare. Find out how Workfare is a key pillar of Singapore's social security landscape. Intent of Workfare. Workfare is targeted at lower-income workers, with higher payments for older workers and persons with disabilities. The fourth pillar of our social security system.
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.
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.
The Workfare Income Supplement (WIS) scheme is “effectively a negative income tax”, supporting older and lower wage Singaporean workers. Instead of taxing a low-wage employee’s income, the government tops up their salaries in cash and CPF payouts.
What is the Workfare Income Supplement (WIS) scheme? Am I eligible for the Workfare Income Supplement (WIS) scheme? What are the enhancements to the Workfare Income Supplement (WIS) from 2025 onwards? What do I need to do to receive Workfare Income Supplement (WIS)? How much Workfare Income Supplement (WIS) will I get?
