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9 in 10 lower-income self-employed able to make MediSave contribution to qualify for 2018 Workfare payouts


SINGAPORE - Lower-wage self-employed people must contribute to their MediSave account to qualify for government payouts to supplement their income.
Based on the latest data, nine in 10 of self-employed persons (SEPs) who earned an average monthly income of $2,300 and below were able to fulfil the requirement, among other criteria under the Workfare Income Supplement (WIS) Scheme, for Work Year 2018.
The scheme tops up the incomes of lower-wage workers - both employees and SEPs. Eligible SEPs get up to $2,667 in Workfare payouts a year.
All lower-wage employees and SEPs have to contribute to the Central Provident Fund (CPF) to benefit from Workfare, Senior Minister of State for Manpower Zaqy Mohamad told Parliament on Monday (Aug 2). ....

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