If you worked as both an employee and a self-employed person,
From 2017, you will qualify for WIS if you: are a Singapore Citizen; are 35 years old or above on 31 December of the work year (all persons with disabilities would qualify for WIS); work at least one month (previously two months in a three-month period); earn an average gross monthly income1 of not more than $2,000 for the month worked (previously $1,900); earn an average gross monthly income1 of not more than $2,000 in the past 12 months; live in a property with annual value2 of not more than $13,000 assessed as at 31 December of the preceding year; and do not own two or more properties. 1Average gross monthly income includes basic salary and extra wages such as overtime pay and bonuses. 2Annual Value is the estimated gross annual rent of the property if it were to be rented out, excluding furniture, furnishings and maintenance fees. It is determined based on estimated market rentals of similar or comparable properties.
you and your spouse together must not own two or more properties; and the assessable income of your spouse must not exceed $70,000.
YOU WILL RECEIVE
40% of your WIS payment in cash, and 60% in CPF contributions. We will pay the cash portion into your bank account, or send you a cheque if you do not have a bank account.