The gig economy is a vital part of Singapore’s workforce, with platform workers like ride-hailing drivers, food delivery personnel, and freelancers significantly contributing to daily life. However, challenges such as irregular income and limited access to social support have been persistent issues. To address these concerns, the Singapore government has enhanced the Workfare Income Supplement (WIS) program, ensuring better financial security for gig workers.
In this blog, we’ll explore the updated WIS program in detail, focusing on its benefits, eligibility, and implementation.
What is the Workfare Income Supplement (WIS)?
The Workfare Income Supplement (WIS) is a government initiative aimed at supporting lower-income workers in Singapore, including self-employed and gig workers. Initially designed for traditional employees, the scheme has been expanded to include platform workers, addressing their unique challenges.
Through WIS, workers receive financial aid and contribute to their retirement savings via the Central Provident Fund (CPF). This dual benefit not only ensures immediate support but also strengthens long-term financial security.
Key Updates for Platform Workers in 2025
From 2025, several new features will make the WIS program more accessible and beneficial for platform workers:
Monthly Payouts: Workers will now receive monthly payouts instead of annual payments, offering consistent financial support.
CPF Contributions: Platform operators will begin contributing to workers’ CPF accounts, helping to build retirement and healthcare savings.
Increased Payouts: Eligible workers can now receive up to $3,267 annually, especially benefiting older workers and those with disabilities.
Eligibility Criteria for WIS (2024-2025)
To qualify for WIS, platform workers must meet these requirements:
Be 30 years or older (exceptions for those with disabilities).
Have an annual income of $28,000 or less, including Net Trade Income (NTI).
Declare NTI through the Inland Revenue Authority of Singapore (IRAS).
Be a Singapore Citizen who worked at least two months in 2024.
Make CPF and MediSave contributions during the qualifying period.
Exclusions:
Workers under 30 (unless they have disabilities).
Individuals owning multiple properties or properties with an annual value exceeding $13,000.
Those with an annual assessable income over $70,000.
Self-employed individuals who employ others.
How Much Can Platform Workers Receive?
The WIS payout varies by age group, with older workers receiving higher benefits. Here’s the breakdown:
Age Group Max 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
The cash component supports immediate expenses, while CPF contributions enhance savings for retirement, healthcare, and housing.
WIS Payment Schedule 2025
Payments are now monthly, aligning with the work completed. The revised schedule is as follows:
Month Worked Payment Date
January End of March
February End of April
March End of May
Month X End of Month X+2
For example, work done in January will result in a payout by the end of March. Payments will be made via PayNow or GovCash for convenience.
MediSave Contributions and Requirements
To qualify for WIS, platform workers must contribute to their MediSave accounts. Contributions vary by age and NTI:
Age Range (Years) MediSave Contribution
30-34 $240
35-44 $270
45-49 $300
50+ $315
Workers earning over $6,000 in NTI must contribute more, with options for lump sum or GIRO installment payments.
Steps to Qualify for WIS
Here’s how platform workers can ensure they benefit from WIS:
Declare Income: Submit income details via the myTax Portal.
Check Contributions: Use the CPF WIS Calculator to calculate required contributions.
Verify Deductions: Ensure platform operators are deducting and contributing to your CPF account. Report discrepancies to the CPF Board.
No Application Needed: Eligibility is automatically assessed based on declared income and contributions.
Conclusion
The enhanced Workfare Income Supplement (WIS) program is a game-changer for platform workers in Singapore. By offering financial aid, CPF contributions, and monthly payouts, it ensures immediate relief while promoting long-term financial stability.
If you’re a platform worker, stay updated on your income declarations, CPF contributions, and MediSave payments to maximize your benefits under this scheme. The WIS program is a significant step towards empowering gig workers and providing them with the support they deserve.
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