TSingapore Releases $2800 Workfare Bonus.he Singapore Government is going to implement an increase in Workfare Income Supplement (WIS) payments. It can provide up to $2,800 per year for 60+ self-employed Senior workers. Singapore can expect a significant income boost in 2025. This program aims to help low-wage independent contractors, gig workers, and small company owners. Those who miss the regular benefits, including health insurance and CPF payments.
This could be your opportunity to increase your MediSave contributions for retirement and healthcare. They can obtain the additional benefits for daily needs if you’re a self-employed person in Singapore. Here in this article, we have included all the important facts of this $2800 Workfare Bonus Payout, including the status Check Process, Eligibility, and payment amounts.
Singapore $2800 WIS Payment Extra Bonus: Key Details
| Max. Annual Payout | $2,800 Annual Payment |
| Payment Division | 10% to Cash & 90% to MediSave contribution |
| Eligibility Age | 30 Years and above |
| Income Requirement | Monthly Income Between $500 to $3,000 |
| Property Criteria | Annual Value less than $21,000 |
| Property Ownership | Own no more than 1 property |
| Spouse Income Limit | If married, the spouse’s income and property criteria |
| How to Receive | PayNow or GovCash |
| Official Details | cpf.gov.sg |
What is the Workfare Income Supplement (WIS)
WIS (Workfare Income Supplement) is a crucial component of Singapore that offers social support to low & middle-income workers. In contrast to a regular welfare program, WIS encourages long-term savings via MediSave contributions and rewards labour by augmenting income. Here are the key elements of this WIS Self-Employed Persons 2025:
- It offers up to $2,800 annually based on income, work criteria, and age.
- 10% cash payment will be credited to the Cash, and 90% to the MediSave Account.
- Annual Payout can depend on the income that you have earned from the previous year.
- More than one million platform workers and Self-Employed Persons have benefited from WIS.
- $10.5 billion has been paid out to platform and GIG Workers.
Who Qualifies for the $2800 Workfare Bonus?
| Citizenship Status | You must be a permanent citizen of Singapore |
| Age Requirement | Age must be more than 30 years by 31 Dec 2025.No age bar for disabled people. |
| Monthly Income | $500 to $3,000, increased from $2,500 in previous years |
| MediSave & Income Declaration | Must declare Net Trade Income & make MediSave contributions |
| Property Ownership | Own 1 or fewer properties |
| Annual Value of Property | Must live in a property with an Average Value of less than $21,000 on 31st Dec. 2024. |
| Spouse Income Limit | If married, the assessable income of the wife/husband must be less than $70,000 and jointly have property of less than one. |
How Much WIS Can You Get in 2025?
The Workfare Income Supplement payment increases with age, recognising that older workers need more support for retirement.
| Age Group | Maximum Annual WIS Payout |
| 30 to 34 years | $1,400 |
| 35 to 44 years | $2,000 |
| 45 to 54 years | $2,400 |
| 55 to 59 years | $2,800 |
| 60+ years | $2,800 |
How to Check Your Workfare Payment Status?
For qualified self-employed persons, platform workers, workfare payouts are done automatically. However, you should verify your eligibility to get the payment on time.
- Go to https://www.cpf.gov.sg and log in.
- Verify your income status and declaration, which are due on 18th April 2025.
- Check your MediSave contributions, which are due on 31st December 2025.
- Log in to check for SMS or Singpass payment notifications.
- If all the eligibility conditions are met, the payments will be credited in April 2025.
- The payment is sent via GovCash or PayNow.
Why Is Workfare Important for Self-Employed Workers?
Self-Employed Persons and platform workers will receive the Workfare Income Supplement Payment. SEPs do not receive employer contributions to the CPF and paid time off for medical reasons. WIS increases take-home income to assist in closing this gap by obtaining medical funding MediSave Account. It promotes retirement savings for those who do not have other plans.
Conclusion
For Singaporeans who work as Self-Employed persons, the 2025 Workfare Bonus Payout is an essential lifeline. This plan offers up to $2,800 annually to SEPs who are above 60 years, which includes instant financial relief, long-term savings with MediSave Account, and increased stability in finances. Make sure you have a declared eligible income by 18th April 2025.
| Home Page | https://sbbarristers.com/ |
FAQs for Singapore Releases $2800 Workfare Bonus
If you fulfil all the eligibility conditions of WIS for SEPs, you will receive it by April 2025.
You must pay by 31st December 2025, to get the Workfare Income Supplement.
Yes, if you have a disability or are a caretaker, you can get the WIS with this income limit.
The quickest option is PayNow; if not, use GovCash to collect.
10% will be sent to the Cash Account, and 90% will be sent to the Medisave Account.