Singapore Government has extended the soldarity budget on 21 April 2020.
- Jobs Support Scheme wage subsidy
- Extend the 75% wage subsidy under the Jobs Support Scheme (JSS) to all sectors for the month of May
Payout
Date of Payment
Aviation and tourism
Food services
Others
Computation of Payout Capped at first $4,600 of gross monthly wages Based on:
Payout 1
Apr 2020
+ 75% of Oct 2019 wages
+ 75% of Nov 2019 wages
+ 75% of Dec 2019 wages
+ 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
Additional Payout in May
May 2020
+ 75% of Nov 2019 wages
+ 75% of Nov 2019 wages
+ 75% of Nov 2019 wages
Payout 2
Jul 2020
+ 75% of Feb 2020 wages
+ 75% of Mar 2020 wages
+ 75% of Apr 2020 wages
+ 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
+ (75% of May 2020 wages
– 75% of Nov 2019 wages)**
+ 75% of Jun 2020 wages
+ 75% of Jul 2020 wages
+ (75% of May 2020 wages
– 75% of Nov 2019 wages)**
+ 50% of Jun 2020 wages
+ 50% of Jul 2020 wage
+ (75% of May 2020 wages
– 75% of Nov 2019 wages)**
+ 25% of Jun 2020 wages
+ 25% of Jul 2020 wages
* This adjustment is for the temporary JSS enhancement for the month of April 2020. Any negative quantum for a single employee will be offset from the overall JSS payout for the employer.
** Any negative quantum for a single employee will be offset from the overall JSS payout for the employer
- Extend to Director-Shareholder
Companies registered on or before 20 April 2020
For the wages of shareholder-directors with Assessable Income of $100,000 or less for Year of Assessment 2019
Included in the May 2020 and subsequent JSS payouts
Back-payment for companies with qualifying shareholder-directors whose wages were excluded from the first JSS payout in April 2020 will be included in May 2020 payout also
- Waiving the Foreign Worker Levy (FWL) due in May and provide employers with another $750 in FWL rebate for every foreign worker in employment
- Solidarity Payment for adult Singaporeans
- About 90% of adult Singaporeans received the Solidarity Payment of $600 through direct bank transfer on 14 April 2020.
- The rest will be receiving this payment through their recently registered bank accounts on 28 April 2020, or by cheque from 30 April 2020 onwards.
- The remaining Enhanced Care and Support – Cash will be paid out from end-June 2020, together with the $300 for each parent of a Singaporean child aged 20 and below in 2020, and $100 cash for Singaporeans aged 50 and above in 2020 (replacing the PAssion Card top-up)
- Temporary Relief Fund and COVID-19 Support Grant for lower- to middle- income Singaporeans
- Lower- to middle-income Singaporeans who require urgent help with their basic living expenses can apply for the Temporary Relief Fund which provides a one-off cash grant of $500 in April.
- From 1 May 2020 onwards, Singaporeans who are unemployed due to COVID-19 can apply for the COVID-19 Support Grant, which provides a cash grant of $800 a month for three months. MSF will provide more details on how to apply soon
