What is the Workfare Income Supplement Scheme 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 matching those of employees starting from 2029, once their CPF contribution rates align fully with those of employees. They will also receive a higher proportion of WIS payments in cash from the current 10% to 40%.
All eligible platform workers will also receive WIS monthly (instead of annually) from March 2025 (for work done from January 2025 onwards). This is because platform operators will deduct CPF contributions from platform workers as they earn and submit them to CPF Board monthly starting from 2025 onwards. This includes MediSave contributions for those who do not opt in to increased CPF contributions.
This information is sourced from CPF
Related questions
Why will the Workfare Income Supplement for platform workers be aligned with that of employees only in 2029 when their increased CPF contributions are implemented in 2025?
Why are platform workers who have not opted in to the increased CPF contributions ineligible to receive Workfare Income Supplement aligned to that of employees from 2029?
Why is there a need for the government to recover the excess Workfare Income Supplement paid to workers?
What is the Workfare Income Supplement scheme?
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