Singapore legislation
Schedule 2
of Central Provident Fund (Revised Workfare Income Supplement Scheme) Regulations 2016
Schedule 2
Value of ‘A’ in regulations 6(8), 7(8), 7A(8), 7B(8), and 8AJ(2)
SECOND SCHEDULERegulations 6(9)(a), 7(8)(a), 7A(8)(a), 7B(8)(a), 8(1), (2) and (4) and 8AJ(2)(a)Value of ‘A’ in regulations 6(8), 7(8), 7A(8), 7B(8), and 8AJ(2)Total declared income or notified income (as the case may be) for relevant yearAge of member on 1 January of relevant yearMember is below 35 years of ageMember has attained 35 years of age but is below 45 years of ageMember has attained 45 years of age but is below 50 years of ageMember has attained 50 years of age or older1.Exceeding $6,000 but not exceeding $12,000An amount equal to 4% of the member’s declared income or notified income (as the case may be) for that yearAn amount equal to 4.5% of the member’s declared income or notified income (as the case may be) for that yearAn amount equal to 5% of the member’s declared income or notified income (as the case may be) for that yearAn amount equal to 5.25% of the member’s declared income or notified income (as the case may be) for that year2.Exceeding $12,000 but not exceeding $18,000An amount equal to the sum of $480 and 0.16 of the difference between the member’s declared income or notified income (as the case may be) for that year and $12,000An amount equal to the sum of $540 and 0.18 of the difference between the member’s declared income or notified income (as the case may be) for that year and $12,000An amount equal to the sum of $600 and 0.20 of the difference between the member’s declared income or notified income (as the case may be) for that year and $12,000An amount equal to the sum of $630 and 0.21 of the difference between the member’s declared income or notified income (as the case may be) for that year and $12,0003.Exceeding $18,000An amount equal to 8% of the member’s declared income or notified income (as the case may be) for that yearAn amount equal to 9% of the member’s declared income or notified income (as the case may be) for that yearAn amount equal to 10% of the member’s declared income or notified income (as the case may be) for that yearAn amount equal to 10.5% of the member’s declared income or notified income (as the case may be) for that year