Singapore legislation
Regulation 12
of Central Provident Fund (Revised Workfare Income Supplement Scheme) Regulations 2016
Regulation 12
Benefits for self‑employed eligible member in relevant years before 2025
Subregulation 1
Subject to regulations 13E, 13F and 14A, the Board must, as soon as practicable after a self‑employed eligible member is entitled to receive any benefit —
make a cash payment to the member of an amount, rounded up to the nearest dollar, equivalent to one‑tenth of the value of all benefits which the member is entitled to receive; and
credit, to the member’s medisave account, a relevant contribution, of an amount equivalent to the difference between —
the value of all benefits which the member is entitled to receive; and
the value of the cash payment under sub‑paragraph (a).
Subregulation 2
The value of the benefits which a self‑employed eligible member is entitled to receive in a relevant year is the amount, rounded to the nearest dollar, determined in accordance with the formula A × B, where —
A is the amount that is applicable to the member as set out —
in the Fourth Schedule if the relevant year is 2017, 2018 or 2019;
in the Seventh Schedule if the relevant year is 2020, 2021 or 2022; or
in the Tenth Schedule if the relevant year is 2023 or 2024; and
B is the total number of months in the relevant year in which the member worked as a self‑employed person.