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Self-employed Singaporeans are set to receive enhanced support under the Workfare Income Supplement (WIS) scheme in 2025, with annual payouts reaching up to $2,800. This initiative is designed to help lower-income workers improve their retirement savings while also providing immediate financial relief.
What is the Workfare Income Supplement Scheme?
Launched in 2007, the Workfare Income Supplement is a cornerstone of Singapore’s social support system. It provides cash payments and contributions to MediSave accounts, encouraging continued employment and long-term financial security. Over the years, WIS has benefited more than one million workers, distributing over S$10.5 billion in total.
Why WIS is Important for Self-Employed Persons
Unlike salaried workers, self-employed individuals (SEPs) do not have employer-funded CPF contributions, paid leave, or healthcare coverage. The WIS scheme addresses this gap by offering direct financial support to self-employed workers, including freelancers, tradespeople, and gig economy participants.
What’s New in 2025?
From 2025 onwards, eligible SEPs will receive:
- Up to $2,800 annually
- 10% as cash paid directly to the bank
- 90% into MediSave for healthcare and retirement purposes
This structure ensures that recipients receive immediate support for everyday expenses while also boosting their long-term financial security.
Eligibility Criteria for the 2025 SEP Workfare Payout
To qualify for the 2025 WIS payment, self-employed individuals must meet the following requirements:
- Age: At least 30 years old by 31 December 2024 (any age if registered with disabilities)
- Income: Average monthly net trade income between $500 and $2,500
- MediSave: Full MediSave contributions for the 2024 work year
- Property Ownership: Living in a property with an annual value below $21,000
- Spouse Income: If married, spouse earns no more than $70,000 in the previous year
Special exceptions allow individuals earning below $500/month to qualify if they are caregivers or have disabilities.
Age-Based Payment Tiers for 2025
| Age Group | Maximum WIS 2025 |
|---|---|
| 30–34 | $1,400 |
| 35–44 | $2,000 |
| 45–54 | $2,400 |
| 55–59 | $2,800 |
| 60+ | $2,800 |
Key Dates and Payment Timeline
WIS payouts are issued annually, based on the previous year’s income and MediSave contributions:
- Work Year: 2024
- Income Declaration Deadline: 18 April 2025
- MediSave Contribution Deadline: 31 December 2025
- Expected Payment Date: By April 2025 (if all requirements are met)
Steps to Receive Your 2025 Workfare Payment
- Declare Your Net Trade Income
Report your 2024 earnings to IRAS by 18 April 2025 to confirm eligibility. - Complete MediSave Contributions
Ensure your MediSave contributions for 2024 are fully paid by 31 December 2025. - Update Bank Account Details
Link your PayNow account to receive the cash portion. If not, payments will go through GovCash, which may require in-person collection.
Why Meeting Deadlines is Crucial
Failing to declare income or contribute fully to MediSave will disqualify you from the 2025 WIS payout. Timely compliance ensures you receive the benefits without delay.
FAQs
Q1. When will I receive my Workfare payout?
Payments are expected by April 2025 if income declaration and MediSave contributions are completed on time.
Q2. What if I miss the MediSave contribution deadline?
The payout will be forfeited if full contributions are not made by 31 December 2025.
Q3. Do I need a PayNow account for the cash portion?
Yes, PayNow is preferred. Without it, the cash portion will be sent via GovCash, requiring additional steps.
Q4. Can younger self-employed workers qualify?
Yes, but only if they are registered with disabilities or meet caregiving criteria.
Q5. How much will I get if I am under 35?
The maximum payout for ages 30–34 is $1,400 in 2025.