Singapore Workfare Payout 2024, New Eligibility, Payment Date, and Increased Amount

The Workfare Payout Program in Singapore provides essential financial aid to low-income workers, helping them cope with the rising cost of living and inflation. Through this initiative, beneficiaries receive cash payouts and vouchers to support their basic needs. This guide covers important updates about the November 2024 Workfare Payout, eligibility criteria, payment processes, and recent changes in benefits.

Singapore Workfare Payout 2024

Aspect	Details
Program Name	Workfare Payout Program
Purpose	Financial aid for low-wage workers
Administered By	Singapore Government
Budget Allocated (2024)	S$1.4 billion
Mode of Payment	Bank deposit, GovCash account
Target Groups	Workers, seniors, self-employed individuals

Workfare Payout November 2024 Payment Dates

The November 2024 Workfare Payout includes disbursements in cash or vouchers, depending on the payment mode beneficiaries register. Payments are aligned with the government’s GST Voucher distribution schedule.

Payment Mode	Expected Date
Bank Account (General)	1 November 2024
UOB/OCBC Bank Accounts	11 November 2024
GovCash Accounts	21 November 2024

Notes:

• Payment dates are subject to government revisions based on administrative circumstances.
• Recipients are advised to ensure their account details are up to date.

Recent Changes: Workfare Payout Amounts

The government has increased certain allowances and payout rates under the Workfare Payout Program in response to economic challenges, including inflation and rising living costs.

GST and Program Funding Updates

• GST Increase: GST rates were raised by 6% in 2024.
• Program Budget: Welfare program funding saw a 5.6% increase to better support recipients.

Changes in Workfare Income Supplement and Wage Rates

Benefit/Category	Previous Rate	Updated Rate	Effective Date
Workfare Income Supplement (WIS)	Maximum salary cap: S$2,500	Maximum salary cap: S$3,000	1 January 2025
Workers Aged 35–44	N/A	Increased payouts begin	1 November 2024
Full-Time Worker Hourly Rates	S$1,400/month	S$1,600/month	1 November 2024
Minimum Hourly Wage	S$9/hour	S$10/hour	1 November 2024

Senior Allowance Update

• Age Pension for Seniors: Increased from S$600 to S$900 monthly.
• One-Time Cash Deposits: Expected to range between S$400 and S$850.

Workfare Payout New Eligibility Criteria

To qualify for the Workfare Payout Program, beneficiaries must meet the following requirements:

Eligibility Criteria	Details
Citizenship	Must be a certified Singapore citizen.
Income Limit	Annual income must not exceed S$34,000.
Property Value Limit	– 2023: S$21,000
	– 2024–2025: S$25,000
Property Ownership	Beneficiaries must pay property tax on one residence only.

Key Notes

• Property tax is applicable for primary residences only.
• Eligible beneficiaries can estimate their payout amounts using the calculator available on the Singapore Government Portal.

Claiming Workfare Payout

Steps to Claim Your Workfare Payment

1. Link Bank Account
   • Ensure your bank account is linked to your NRIC account for automatic transfers.
   • Alternatively, payments can be made via GovCash account.
2. File Income Tax
   • Tax filing periods run annually from 1 March to 31 October. Ensure all pending returns are completed.
   • Self-employed beneficiaries must file their income through the myTax Portal.
3. Submit Supporting Documents
   • Include documents that verify income, residence, and eligibility.
4. Await Notification
   • Applicants will be informed of their approval status.
   • For delays or discrepancies, contact government authorities promptly.

FAQs: Workfare Payout November 2024

1: What is the purpose of the Workfare Payout Program?

The program supports low-wage workers by providing financial aid to mitigate the rising cost of living and inflation.

2: Who qualifies for the Workfare Payout?

Eligibility is based on:

• Singapore citizenship.
• Annual income ≤ S$34,000.
• Property value ≤ S$25,000 (2024–2025).

3: How will I receive my payment?

Payments will be made through direct bank deposits or credited to GovCash accounts, depending on your registered preference.

4: When will I receive my payout?

Payments for November 2024 are scheduled for:

• 1 November (general bank accounts).
• 11 November (UOB/OCBC accounts).
• 21 November (GovCash accounts).

5: How can I estimate my benefits?

Use the benefit calculator available on the Singapore Government Portal to estimate your payout.

Click here to know more.