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?
CPF contributions rates will gradually increase for platform workers from 2025 to 2028. To support lower-income platform workers during this period, we will provide the Platform Workers CPF Transition Support (PCTS) to help mitigate the drop in take-home earnings. PCTS will fully offset the increase in platform workers’ CPF contributions in 2025 and gradually taper down before ceasing in 2029.
When the platform workers’ CPF contribution rates are fully aligned with employees in 2029, Workfare Income Supplement will be aligned with that of employees for platform workers who are mandated or opt in to the increased CPF contributions.
This information is sourced from CPF
Related questions
What is the Workfare Income Supplement Scheme (WIS) enhancement that applies to platform workers?
Why will Platform Workers CPF Transition Support (PCTS) cease in 2029?
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?
What is the increase in platform workers’ share of CPF Ordinary and Special or Retirement Account contribution rates, which is used to compute Platform Workers CPF Transition Support (PCTS)?
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