The Workfare Income Supplement (WIS) is a key government initiative designed to improve the income stability and retirement adequacy of lower-wage Singaporeans. For self-employed persons (SEPs), WIS provides annual cash and MediSave payouts based on declared earnings and contributions, ensuring that freelancers and small business owners receive fair support.
Singapore has enhanced its Workfare Income Supplement (WIS) scheme, raising the maximum annual payout for employees to SGD 4,900 from 2025. The update strengthens financial assistance for lower-wage Singaporeans, encouraging continued employment and ensuring workers build sufficient CPF savings for long-term stability.
Singapore’s Workfare Income Supplement (WIS) will provide employees with payouts of up to $4,900 annually from 2025. The enhanced scheme offers cash and CPF support, with revised income and property limits allowing more workers to benefit.
