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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.
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;
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.
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.
Find out how Workfare is a key pillar of Singapore's social security landscape. Scheduled Maintenance: CPF digital services will not be available on 23 Jun 2024, from 12am to 5am. A Singapore Government Agency Website
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)
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 Skills Support (WSS) scheme encourages lower wage workers to undertake training that leads to more impactful employment outcomes. There are 3 funding components under WSS: Training Commitment Award (TCA), Training Allowance (TA) and Absentee Payroll (AP).
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...
