WAGE CREDIT SCHEME PAYOUTS IN MARCH 2022
13/01/2022
To support businesses in transformation and share productivity gains with workers, eligible employers can look forward to the next tranche of Wage Credit Scheme (WCS) payouts in March 2022.
To qualify for the upcoming tranche of the WCS payouts, employers must:
(a)Have given Singapore Citizen employees who earned a gross monthly wage of up to $5,000, a gross monthly wage increase of at least $50 in 2021, and/or have sustained the gross monthly wage increase (at least $50) previously given to employees in 2019 and/or 2020; and
(b)Have paid the employees’ mandatory CPF contributions on 2021 wages to the CPF Board by 14 January 2022
More details can be found at IRAS website.
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