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Value of ‘A’ in regulation 12(2) for relevant years 2023 and 2024

Central Provident Fund (Revised Workfare Income Supplement Scheme) Regulations 2016

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TENTH SCHEDULERegulations 6(2) and 12(2)(a)(iii)Value of ‘A’ in regulation 12(2) for relevant years 2023 and 2024Average monthly income of self‑employed eligible member in relevant yearAge of self‑employed eligible member on 31 December of relevant yearAttained 30 years of age but below 35 years of ageAttained 35 years of age but below 45 years of ageAttained 45 years of age but below 60 years of ageAttained 60 years of age or if a member is a specified member1.Less than $500 (if the Board has waived the requirement under regulation 6(1)(h)(iii) for the member)100/3 dollars$50$80260/3 dollars2.At least $500 but not more than $7001/12 times the member’s average monthly incomeThe difference between 643/5400 times the member’s average monthly income and 1/27 of a dollarThe difference between 329/1800 times the member’s average monthly income and 1/6 of a dollarThe sum of 31/168 times the member’s average monthly income and 50/63 of a dollar3.More than $700 but not more than $1,2001/12 times the member’s average monthly incomeThe difference between 643/5400 times the member’s average monthly income and 1/27 of a dollarThe sum of 1/9 times the member’s average monthly income and $50The sum of 31/168 times the member’s average monthly income and 50/63 of a dollar4.More than $1,200 but not more than $1,4001/12 times the member’s average monthly incomeThe difference between 643/5400 times the member’s average monthly income and 1/27 of a dollarThe sum of 1/12 times the member’s average monthly income and 250/3 of a dollarThe sum of 1/18 times the member’s average monthly income and 1400/9 of a dollar5.More than $1,400 but not more than $2,000350/3 dollars500/3 dollars$200700/3 dollars6.More than $2,000 but not more than $2,500The difference between 1225/3 of a dollar and 7/48 times the member’s average monthly incomeThe difference between 1750/3 of a dollar and 5/24 times the member’s average monthly incomeThe difference between $700 and 1/4 times the member’s average monthly incomeThe difference between 2450/3 of a dollar and 7/24 times the member’s average monthly income

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