Why do employees receive monthly Workfare Income Supplement (WIS) payments while Self-Employed Persons receive their WIS once a year?
The incomes of employees are automatically computed based on their monthly CPF contributions from their employers. This enables CPF Board to assess their Workfare Income Supplement (WIS) eligibility automatically and disburse their WIS on a monthly basis.
On the other hand, the net trade income (NTI) of a Self-Employed Person (SEP) is assessed over an entire year and can only be determined the following year after the current year has ended.
On the other hand, the net trade income (NTI) of a Self-Employed Person (SEP) is assessed over an entire year and can only be determined the following year after the current year has ended.
This information is sourced from CPF
Related questions
Why do Self-Employed Persons receive only two-thirds of the Workfare Income Supplement (WIS) received by employees?
How is my net trade income determined for Workfare Income Supplement (WIS) if I am a self-employed person?
I have income from different types of employment (e.g. employee, self-employed person, platform worker) during the work year. When will I receive my Workfare Income Supplement (WIS) for the work year?
I worked as both an employee as well as a self-employed person (SEP) in the work year. When will I receive my Workfare Income Supplement (WIS) for the work year?
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