Singapore WIS Payment 2024 Hike New Benefit Amounts and Claim Process Explained

The Singapore Workfare Income Supplement (WIS) scheme aims to enhance the financial stability of self-employed individuals (SEPs) and lower-income workers. Launched in 2007, this program has distributed over S$10.5 billion by February 2024, benefiting more than 1,035,000 people. For Work Years (WY) 2023 and 2024, eligible SEPs receive up to S$2,800 annually through CPF contributions … Read more