The gig economy has grown exponentially worldwide, and Singapore is no exception. Platform workers—individuals delivering services through digital platforms such as ride-sharing, delivery, and freelancing apps—now constitute a critical segment of Singapore’s workforce. With over 200,000 workers contributing across industries, they play a pivotal role in the economy.
Platform workers face unique challenges despite their contributions, such as inconsistent incomes and limited access to employee benefits like the Central Provident Fund (CPF). To address these disparities, the Singapore government has revamped its Workfare Income Supplement (WIS) program, introducing key changes starting in 2025 aimed at enhancing financial stability for these workers.
Key Reforms to the WIS Program (Effective 2025)
Monthly Payments for Improved Financial Stability
Previously, WIS payouts were made annually. From 2025, eligible platform workers will receive monthly payments, ensuring a more consistent flow of financial support. This shift addresses the irregular nature of gig work incomes, providing timely assistance to meet monthly expenses.
CPF Contributions: Bridging the Gap with Traditional Employees
Another significant change involves CPF contributions. Platform operators will now deduct CPF contributions monthly, similar to arrangements for traditional employees. This reform ensures workers have a safety net for future needs such as retirement, housing, and healthcare.
Enhanced Parity by 2029
By 2029, platform workers who voluntarily or mandatorily contribute more to CPF will receive WIS benefits equal to traditional employees. This adjustment underscores the government’s long-term vision of creating equitable conditions across different employment types.
Eligibility Criteria for WIS
To qualify for the WIS as a platform worker, applicants must meet specific requirements related to citizenship, age, income, and property ownership.
Criteria
Requirement
Citizenship
Must be a Singapore Citizen.
Age
At least 30 years old by the end of the work year, or any age for persons with disabilities.
Income
Monthly income of $500–$3,000 over the last 12 months.
Property Ownership
Must reside in a property with an annual value of $21,000 or below (as of Work Year 2024).
Property Ownership (Married)
Must not own more than one property. The couple’s combined assessable income should not exceed $70,000 if married.
Notably, persons with disabilities or caregivers can qualify under relaxed income thresholds, reflecting the program’s inclusivity.
Maximum WIS Payouts for Platform Workers (2025 Onward)
The amount of WIS depends on the worker’s age, with higher benefits allocated to older individuals. The following table outlines the maximum payouts:
Age Group
Maximum WIS Per Year
30–34
$1,633
35–44
$2,333
45–59
$2,800
60 and above
$3,267
Persons with Disabilities
$3,267
This age-based structure acknowledges the increasing financial and healthcare needs associated with ageing.
How WIS Payments Will Be Distributed
Breakdown of Payments
The WIS is split into two parts:
10% Cash: Credited to your PayNow NRIC-linked or registered bank account. If unavailable, payments will be disbursed via GovCash.
90% MediSave: Directed to your MediSave account to support future healthcare expenses.
Payment Schedule
Starting March 2025, WIS payments will be made monthly. Below is the timeline for payouts based on work completed:
Month Worked
Payment Received By
January
End of March
February
End of April
March
End of May
Subsequent Months
End of Month X+2
For work completed in 2024 or earlier, payments will follow the rules for Self-Employed Persons (SEPs).
Actions for Platform Workers to Take
Automatic Enrollment
Eligible platform workers do not need to take additional steps to receive WIS. The CPF Board will automatically assess eligibility based on declared income from platform operators.
Addressing CPF Contribution Discrepancies
If a platform operator fails to make CPF contributions on your behalf, you are encouraged to address the issue directly. Persistent non-compliance can be reported to the CPF Board for resolution.
Conclusion
The revamped Workfare Income Supplement (WIS) for platform workers demonstrates Singapore’s commitment to improving the welfare of gig economy participants. The program addresses key challenges platform workers face by introducing monthly payments, aligning CPF contributions with traditional employment, and enhancing parity. These reforms pave the way for a fairer and more inclusive workforce in Singapore.
FAQs
1. What is the primary benefit of monthly WIS payments?
Monthly payments provide a consistent financial safety net, helping platform workers manage their expenses more effectively.
2. Can younger platform workers qualify for WIS?
The program primarily targets workers aged 30 and above, with exceptions for persons with disabilities who can qualify regardless of age.
3. How do CPF contributions benefit platform workers?
CPF contributions build savings for retirement, housing, and healthcare needs, ensuring greater long-term financial security.
4. What happens if my platform operator doesn’t deduct CPF contributions?
You should contact the operator for clarification. If the issue persists, you can file a report with the CPF Board for enforcement.
5. Do WIS payments differ for persons with disabilities?
No, individuals with disabilities receive the same maximum WIS as those aged 60 and above, reflecting their unique financial needs.
Akesh is an avid job enthusiast with a passion for uncovering the latest job vacancies. From the most recent admit card news to trending recruitment updates, Akesh thrives on exploring what’s new in the job market. Akesh delivers comprehensive insights and honest opinions to readers, helping them navigate their career paths with confidence and clarity.
