Why must self-employed persons (SEPs) contribute to MediSave to receive Workfare Income Supplement (WIS)?
A key principle of the Workfare Income Supplement (WIS) scheme is that each recipient has a personal responsibility to save for his future needs, with the government providing additional support.
Self-employed persons (SEPs) are required to contribute to their MediSave Accounts as they do not receive regular MediSave contributions from employers. It is important to contribute regularly to ensure enough savings for healthcare needs. This is especially important during old age, when SEPs may have stopped working.
WIS is intended to supplement, not replace the MediSave contributions made by the SEPs.