For self-employed individuals qualifying for financial support in Singapore’s Workfare Income Supplement (WIS), this will provide up to $3,267 this April, with an even higher annual payout set to be introduced in 2025. It is an initiative targeted at lower-income workers as cash disbursements along with CPF contributions boost financial capacity.
This includes the new changes to benefits, who qualifies for them, when benefits can be paid, and actions to ensure qualification. Don’t miss the chance to benefit from this life-enhancing finance; check out your eligibility now.
What Is the Workfare Income Supplement (WIS)?
WIS was launched in 2007 under government-sanctioned financial assistance to low-wage workers within Singapore. It was designed mostly to cover cash payments and CPF top-ups without compromising the tendency for workers to work so that they continue contributing to the retirement savings.
This program is designed especially for:
- Older workers (30 years and above)
- Persons with disabilities of any age
- Self-employed persons (SEPs) with variable income
Under the 2025 enhancement, the scheme is now more inclusive and financially rewarding.
Key Highlights: What’s Changing in 2025?
1. Bigger Annual Payouts
Eligible individuals can now receive up to $4,900 annually, with SEPs seeing up to $3,267 by April.
Breakdown by Age Group:
- Ages 60+: Up to $4,900
- Ages 30–34: Up to $2,100
- Self-Employed: Up to $3,267 (by April 2025)
2. Higher Income Ceiling
The monthly income cap has been raised from $2,500 to $3,000 — bringing more workers into the fold.
3. Expanded Property Criteria
Own a property? No worries — the annual property value cap has been increased to $21,000, making it accessible even to those living in slightly higher-value homes.
Are You Eligible for the $3,267 Supplement?
Here’s a quick checklist:
- You’re a Singapore Citizen
- You’re 30 years old or older (any age if you’re disabled)
- Your gross monthly income is between $500 and $3,000
- You own no more than one property, with an annual value not exceeding $21,000
- If married, the combined income and property ownership with your spouse must meet eligibility criteria
- You worked in the past year as either an employee or a self-employed person