Singapore has announced Solidarity Budget on 6th April 2020.
Enhance the Jobs Support Scheme (JSS)
Payout | Date of Payment | Food services | Others (excluding aviation, tourism, food services) |
Computation of Payout Capped at first $4,600 of gross monthly wages Based on: | |||
Payout 1 | Apr 2020 | + 75% of Oct 2019 wages + 50% of Nov 2019 wages + 50% of Dec 2019 wages | + 75% of Oct 2019 wages + 25% of Nov 2019 wages + 25% of Dec 2019 wages |
Payout 2 | Jul 2020 | + 50% of Feb 2020 wages + 50% of Mar 2020 wages + (75% of Apr 2020 wages – 25% of Oct 2019 wages*) | + 25% of Feb 2020 wages + 25% of Mar 2020 wages + (75% of Apr 2020 wages – 50% of Oct 2019 wages*) |
Payout 3 | Oct 2020 | + 50% of May 2020 wages + 50% of Jun 2020 wages + 50% of Jul 2020 wages | + 25% of May 2020 wages + 25% of Jun 2020 wages + 25% of Jul 2020 wages |
* If Payout 2 is insufficient to make this adjustment, the outstanding amount will be adjusted through Payout 3.
Note: Aviation and tourism sectors will continue to receive 75% wage subsidies on the first $4,600 of gross monthly wages for local workers for all applicable months
- The wage cap of $4,600 does not mean that workers earning more than $4,600 do not qualify. Regardless of how much they earn, the maximum subsidy to the firms will be 75% of $4,600 per person, which is $3,450
- Firms on GIRO and PayNow will start receiving the first Jobs Support Scheme payout next week.
- Firms which are not on GIRO or PayNow will receive their payouts by cheque, starting about a week later
Further Measures to Ease Labour Costs
- Waive the monthly Foreign Worker Levy due in April
- Foreign Worker Levy Rebate of $750 for each work permit or S pass holder, based on previous levies paid in 2020
- Employers will receive the rebate as early as 21 April 2020
Enhanced Self-Employed Person Income Relief Scheme (SIRS)
- Eligibility Criteria:
- Singaporean
- Started work as an SEP on or before 25 March 2020;
- Only earn a small income from employment work;
- Earn a Net Trade Income of no more than $100,000;
- Live in a property with an annual value of no more than $21,000; and
- Do not own two or more properties.
- For married Singaporean SEPs, the following additional criteria apply:
- The individual and spouse together do not own two or more properties; and
- The Assessable Income of his/her spouse does not exceed $70,000.
Enhanced Support for Households
Solidarity Payment
- All adult Singaporeans aged 21 and above will receive a one-off Solidarity Payment of $600 in cash
- For the majority of Singaporeans who have provided their bank account details to the Government, the Solidarity Payment will be credited directly into their bank accounts by 14 Apr 2020.
- The rest will receive the payment by cheque, to be issued in stages later, starting from 30 Apr 2020
- Other cash payouts under the Care and Support Package, which were earlier announced, will be brought forward to Jun 2020, instead of Aug 2020
- The remaining $300 or $600 from the higher tiers of the Care and Support –Cash payout,
- The additional $300 payout for each parent with at least one child aged 20 and below, and
- The $100 PAssion Card top-up, which will be given in cash, for Singaporeans aged 50 and above
