Singapore legislation

Regulation 8AG

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

Regulation 8AG

Average monthly income

Subregulation 1

In regulation 8AA(b)(iii), 8AB(b)(iii), 8AC(b)(iii) or 8AD(b)(iii), “average monthly income” means the amount determined in accordance with the formula where —

(a)

Ep is the member’s total APE (if any) received in the relevant period;

(b)

Wp is the member’s total wages (if any) received in the relevant period;

(c)

Npy —

(i)

is the member’s notified income (if any) for the calendar year preceding the applicable year (called in this sub‑paragraph the preceding year), divided by the number of months in the preceding year in which the member worked as a self‑employed person; and

(ii)

is deemed to be zero if the member’s notified income for the preceding year is a negative value;

(d)

Ppy is the number of months in the preceding year, falling within the relevant period, in which the member worked as a self‑employed person (if applicable); and

(e)

Mp is the total number of months in the relevant period in which the member has worked as one or more of the following:

(i)

an employee;

(ii)

a self‑employed person (other than a platform worker);

(iii)

a platform worker.

Subregulation 2

In regulation 8AE(1)(b)(iii), “average monthly income” means the amount determined in accordance with the formula where —

(a)

Ey is the member’s total APE (if any) received in the relevant year;

(b)

Wy is the member’s total wages (if any) received in the relevant year;

(c)

Ny —

(i)

is the member’s notified income for the relevant year; and

(ii)

is deemed to be zero if the member’s notified income for the relevant year is a negative value; and

(d)

My is the total number of months in the relevant year in which the member has worked as one or more of the following:

(i)

a self‑employed person (other than a platform worker);

(ii)

an employee;

(iii)

a platform worker.

Subregulation 3

In this regulation —

(a)

a reference to a member’s total APE received in a relevant period or a relevant year —

(i)

is a reference to the total APE for each month in the relevant period or relevant year, as the case may be; and

(ii)

excludes any APE for a relevant month from a platform operator —

(A)

for a Group A worker — of $50 or less; or

(B)

for a Group B worker — of $500 or less,unless the member has paid or received the additional contributions in accordance with regulation 8AI in relation to that APE; and

(b)

a reference to a member’s total wages received in a relevant period or a relevant year —

(i)

is a reference to the total wages for each month in the relevant period or relevant year, as the case may be; and

(ii)

excludes any wages for the relevant month from an employer of $50 or less, unless the member has paid or received the additional contributions in accordance with regulation 8AI in relation to those wages.

Read in full context — Central Provident Fund (Revised Workfare Income Supplement Scheme) Regulations 2016 →