Singapore Government Approves $3,267 Supplement – Check If You Qualify

Financial support for gig economy and platform workers in Singapore

The gig economy has become an important part of labour markets around the world, and Singapore is no different. Platform workers involved in ride-hailing (taxi services), food delivery and freelance services play a vital role in keeping Singapore’s economy running smoothly. However, people doing this type of work often face problems such as uncertain income, job instability and limited access to social security schemes.

The government has made changes to the Workfare Income Supplement (WIS) program keeping these challenges in mind. These new updates are aimed at providing financial support to platform workers and providing them social security. From 2024, eligible platform workers can receive up to $3,267 every year, which will increase stability and security in their lives.

What is WIS?

Workfare Income Supplement (WIS) is a government scheme that provides financial assistance to low-income workers. It includes those in traditional jobs as well as self-employed and platform workers. The aim of this scheme is to provide financial assistance as well as encourage workers to save for a long time, so that they can contribute to CPF (Central Provident Fund) for their retirement and health services.

Initially, WIS became handiest for normal employees, but because of the growth of the gig economy, platform workers were additionally blanketed underneath this scheme. It pursuits to address demanding situations faced by using those workers together with volatile income and lack of facilities furnished by using employers.

From 2025, numerous important modifications can be made within the WIS scheme to offer higher advantages to platform people and produce them at par with ordinary employees.

Monthly Payouts

WIS changed into in advance paid annually (once a year), but will now be paid on a monthly foundation from 2025.

• This change will provide everyday income to platform people, helping them to better control their daily fees.
• For instance, payment for work completed in January will be acquired via the stop of March.
• This trade will help bring economic stability and allow people to devise financially better.

CPF Contributions will be mandatory

To improve the retirement and health security of platform workers, the government has decided that platform operators will contribute to their CPF accounts.

• This system could be carried out steadily and becomes absolutely mandatory by means of 2029.
• The purpose of CPF is to assist workers keep and live financially steady in the destiny.
• Under this, platform operators will deduct and make a contribution to CPF on behalf in their workers, much like conventional employers do for his or her employees.

Increased Payouts

From 2025, eligible platform workers within the WIS program can receive a maximum of $3,267 in step with year.

• The quantity may be especially excessive for workers elderly 60 and above or persons with disabilities.
• This additional payout will provide them with better economic assist and protection, permitting them to improve their living requirements.

Workfare Income Supplement Eligibility 2025

Platform workers must meet certain conditions to receive WIS benefits:

• The applicant should be at least 30 years vintage as of 31 December 2024.
• The total annual income (which include Net Trade Income) should no longer exceed $28,000.
• Income Tax Return (NTI) ought to be submitted to the Inland Revenue Authority of Singapore.
• The applicant should be a Singapore citizen and have worked for at the least two months in 2024.
• Contributions to CPF are required at some stage in this period.
• It will also be mandatory to make contributions to the MediSave account, with the intention to be decided based at the applicant’s income and age.

Who are not eligible for WIS?

• People under the age of 30 are not eligible for WIS, except for persons with disabilities.
• People who own more than one property or whose total assets have an annual value of more than $13,000 (as of 31 December 2024).
• People whose annual taxable income is more than $70,000.
• Self-employed individuals who hire other employees.

WIS benefits for platform workers

The aim of the WIS scheme is to provide financial support to platform workers and motivate them to save.

Age Group	Maximum Annual Payout	Cash Component	CPF Component
30-34	$1,700	$300	$1,400
35-44	$2,250	$450	$1,800
45-54	$2,850	$600	$2,250
55-59	$3,150	$750	$2,400
60+	$3,267	$800	$2,467

• From 2025, eligible platform workers can receive a maximum of $3,267 per year.
• This payment will be divided into cash and CPF contributions.
• Cash amount To meet immediate needs While CPF contributions will help save for future retirement, housing and health care
• CPF contributions will be divided into three accounts:
  • Ordinary Account
  • Special Account
  • MediSave Account

Payment process as per new payment schedule (WIS Revised Payment Schedule)

Month Worked	Payment Date
January	End of March
February	End of April
March	End of May
Month X	End of Month X+2

• As per the new schedule, work done in January will be paid by the end of March
• PayNow or GovCash will be used in the payment process
• To ensure that there is no delay in payment, workers will have to declare their income correctly and make MediSave contribution on time

MediSave contribution will be required (MediSave Contribution Requirements)

Platform workers to avail the benefits of WIS will be required to contribute to MediSave.

Age Range (Years)	MediSave Contribution
30-34	$240
35-44	$270
45-49	$300
50+	$315

• Minimum contributions will be required based on income (less than $6,000).
• Those earning more than $6,000 will be required to contribute more according to their income.
• Workers will have the option to pay a lump sum or pay in GIRO installments.

How ​​to apply for WIS?

Platform workers do not need to apply to receive WIS benefits. Their eligibility will be automatically decided by the CPF Board.

• Declare your income using the myTax Portal.
• Calculate the required contribution with the help of the CPF WIS calculator.
• Make sure your platform operator is making the correct contribution to your CPF account.
• Check your NTI and TI balance by logging in to the CPF Self-Employed Dashboard via Singpass Check the status of MediSave contributions.

FAQs