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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.
Jun 20, 2024 · You will be eligible for Workfare Income Supplement (WIS) scheme if you: i. are a Singapore Citizen; ii. are at least 35 years old as of 31 December of the Work Year; iii. and earned a gross monthly income 1 of not more than $2,300 for the month worked and in the past 12 months 3 (average gross monthly income) as an employee; or had an average ...
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.
If you are an employee, you do not need to do anything. Your eligibility for Workfare Income Supplement (WIS) will be automatically assessed based on the CPF contributions* made by your employer.
May 3, 2024 · Eligible sponsoring employers may receive: Absentee Payroll (AP) Changes to WSS from 2025. From July 2025, the following enhancements will be made to WSS: Qualifying income cap of $2,500 will increase to $3,000 per month. For more information. To find out more: Visit the WSG 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)
Feb 23, 2024 · To be eligible for WIS, you must: Be a Singapore Citizen above the age of 30. Earn a gross monthly income of between $500 and $2,500 (update: increased to $3,000 w.e.f. 1 Jan 2025) for the month worked and in the past 12 months. Gross monthly income includes basic salary, overtime pay, commissions and bonuses.
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.
What do I need to do to receive Workfare? Earn at least $500/month from 2023. If you are employed. You will be automatically assessed based on the CPF contributions from your employer. If you are self-employed. You will be assessed for Workfare after you declare your income for work done in the previous year, and.
The Workfare Income Supplement (WIS) scheme was introduced in 2007 as a permanent feature of Singapore's social security system. The support is targeted at lower-wage Singaporean workers whose earnings are in the bottom 20% of the working population, with some support to those slightly above, and is reviewed regularly to ensure that it meets ...
