Do I qualify?
You will qualify for WIS if you:
- are a Singapore Citizen;
- are at least 30 years old (previously 35 years old) as of 31 December of the work year (including all persons with disabilities);
- earn an average monthly income of at least $5001, but not more than $2,500 (previously $2,300) for the month worked; and
- have declared your net trade income and made MediSave Contribution.
1Persons with disabilities, workers who qualify for ComCare Short-to-Medium-Term Assistance and caregivers of care recipients (generally include caregivers residing with care recipients who are medically certified to have permanent moderate to severe disabilities) will qualify for concessionary WIS, even if they earn less than $500. More details on the concessionary WIS for caregivers will be provided later.
However, you will not qualify for WIS if you:
-
live in a property with an annual value2 of more than $13,000 assessed as at 31 December of the preceding year;
-
own two or more properties; or
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if married:
- you and your spouse together own two or more properties;
- or the assessable income of your spouse for the preceding Year of Assessment exceeds $70,000.
2Annual value is the estimated gross annual rent of the property if it were to be rented out, excluding furniture, furnishings and maintenance fees. It is determined based on estimated market rentals of similar or comparable properties.