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Eligibility criteria for member who was both employee and self‑employed person in relevant year 2023 or 2024

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

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—(1) A member who —(a)worked as a self‑employed person in the relevant year 2023 or 2024; and(b)worked as an employee for at least one month in that relevant year,is an eligible member for that relevant year if that member satisfies all of the requirements in paragraph (2), except any requirement that is waived under regulation 10.(2) For the purposes of paragraph (1), the requirements are as follows:(a)the member is a Singapore citizen —(i)on 31 December of the relevant year; and(ii)at the time the benefit for that relevant year is to be paid or credited to the member in accordance with regulation 13;(b)the member —(i)attains 30 years of age on or before 31 December of the relevant year; or(ii)is a specified member;(c)the member resides, on 31 December in the year immediately preceding the relevant year, in a property with an annual value that is not more than the amount specified for that relevant year in the First Schedule;(d)the member and the member’s spouse collectively do not own more than one immovable property as at 31 December in the year immediately preceding the relevant year;(e)the member has worked as a self‑employed person in at least one month in the relevant year;(f)the member has notified income for the relevant year in accordance with regulation 8(4);(g)the member’s average monthly income earned during the relevant year is at least $500 and not more than $2,500;(h)where the member’s monthly wage from any employer is $50 or less, the member has paid, or received from that employer, an additional contribution to any account of the member in the Fund as the Minister may direct —(i)if the relevant year is 2023 — in accordance with regulation 5(6); or(ii)if the relevant year is 2024 — in accordance with regulation 5(7);(i)the member’s spouse has an assessable income of not more than $70,000 for the purposes of a notice of assessment under the Income Tax Act 1947 for the year immediately preceding the relevant year;(j)the member pays every contribution which the member must pay under section 9A of the Act for the relevant year, in accordance with paragraph (4);(k)the member pays an additional contribution to the member’s medisave account, for the relevant year, in accordance with —(i)where the member’s notified income for the relevant year is not more than $6,000 — paragraphs (5) and (6); or(ii)where the member’s notified income for the relevant year is more than $6,000 — paragraphs (5) and (7).(3) For the purposes of paragraph (2)(g) and the Eleventh Schedule —(a)“average monthly income”, in relation to a member, means the amount determined in accordance with the formula where —(i)W is the member’s total monthly wages as an employee received from the member’s employer (or all of the member’s employers if the member has more than one employer) in the relevant year;(ii)D —(A)is the member’s notified income for the relevant year; and(B)is deemed to be zero if the member’s notified income for the relevant year is a negative value; and(iii)M is the total number of months in the relevant year in which the member has worked as an employee, a self‑employed person or both; and(b)the member’s total monthly wages in sub‑paragraph (a)(i) excludes any monthly wage received from an employer of $50 or less, unless the member has paid or received the additional contribution mentioned in paragraph (2)(h) in relation to that monthly wage.(4) For the purposes of paragraph (2)(j), the contribution for the relevant year must be paid on or before 31 December of the second year after that year.(5) For the purposes of paragraph (2)(k), the additional contribution for the relevant year must be paid on or before 31 December of the second year after that year.(6) For the purposes of paragraph (2)(k)(i), the additional contribution for the relevant year is an amount equal to —(a)where the member is below 35 years of age on 1 January of that year — $240;(b)where the member has attained 35 years of age but is below 45 years of age on 1 January of that year — $270;(c)where the member has attained 45 years of age but is below 50 years of age on 1 January of that year — $300; or(d)where the member is 50 years of age or older on 1 January of that year — $315.(7) For the purposes of paragraph (2)(k)(ii), the additional contribution payable for each relevant year is —(a)where A exceeds B — the amount determined in accordance with the formula A – B; or(b)where A does not exceed B — nil.(8) In paragraph (7) —(a)A is the amount that is applicable to the member as set out in the Second Schedule for the relevant year; and(b)B is the amount of the self‑employed contribution and estimated contribution (if any) required to be paid by or for the member for that relevant year.

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