How is the Annual Value (AV) requirement for Workfare Income Supplement (WIS) decided and what address is used to determine the AV in WIS?
The Annual Value (AV) threshold of $13,000 covers all HDB flats, as well as some smaller private residences. In general, Singaporeans staying in larger properties with AV above the cut-off tend to have greater access to household wealth, and therefore would not be eligible for the Workfare Income Supplement (WIS) scheme.
The AV will be based on the address reflected in your NRIC. Under the National Registration Act, you must report a change of address within 28 days of moving at the Immigration & Checkpoints Authority (ICA) website.