What is the Workfare Income Supplement Scheme (WIS) enhancement that applies to platform workers?
Eligible platform workers who are mandated or opt in to the increased CPF contributions will receive higher Workfare Income Supplement Scheme (WIS) payments at the same level as employees from 2029, once their CPF contribution rates fully align with that of employees. They will also receive a higher proportion of WIS payments in cash – 40% compared to 10% today.
All eligible platform workers will also receive WIS monthly (instead of annually) from March 2025. This is because platform operators will deduct CPF contributions from platform workers as and when they earn and submit them to CPF Board every month from 2025 onwards, including MediSave contributions for those who do not opt in.
This information is sourced from CPF
Related questions
Why is the Workfare Income Supplement (WIS) for platform workers aligned to that of employees only in 2029 when the increased CPF contributions for platform workers is implemented in 2025?
Why are platform workers who have not opted in to the increased CPF contributions not eligible to receive Workfare Income Supplement (WIS) aligned to that of employees from 2029?
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?
What are the enhancements to the Workfare Income Supplement from 2025 onwards?
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