Wage Credit Scheme payouts by end-March 2022

30/03/2022

The final tranche of payouts under the Wage Credit Scheme (WCS) will be paid out by end-March 2022.

By 31 Mar 2022, eligible employers will be notified of their payout amount and have their payouts credited directly to their accounts through PayNow Corporate or GIRO.

The government extended the WCS by 1 year for Budget 2021 to help companies build up their local workforce and “emerge stronger from Covid-19” by supporting wage increments.

For more details, please refer to MOF and IRAS websites.

Feel free to contact us if you are needing financial or HR consultancy at +65 66363691, +65 9326 2271 or info@lnmsolutions.com!

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