How much cash and CPF contributions will I receive from the Workfare Income Supplement (WIS) scheme?
If you are an employee, you will receive 60% of your Workfare Income Supplement (WIS) in CPF contributions and the remaining 40% in cash.
A higher proportion is credited into your Special and MediSave Accounts to boost your retirement and healthcare savings, as savings in these accounts earn up to 5% per annum if you are below 55, and up to 6% per annum if you are 55 or above.
You can refer to the table below on the allocation of the WIS CPF into the three accounts, according to the age bands.
Age
(Years)
|
Ordinary Account
|
MediSave Account
|
Special Account
|
35 & below
|
0.3000
|
0.3500
|
0.3500
|
Above 35 - 45
|
0.2856
|
0.3711
|
0.3433
|
Above 45 – 50
|
0.2785
|
0.3816
|
0.3399
|
Above 50 – 55
|
0.2498
|
0.3751
|
0.3751
|
Above 55 – 60
|
0.4315
|
0.4545
|
0.1140
|
Above 60 – 65
|
0.2080
|
0.6384
|
0.1536
|
Above 65
|
0.0784
|
0.8408
|
0.0808
|
If you are a self-employed person, you will receive 90% of your WIS in your MediSave Account and the remaining 10% in cash.
