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Singapore $3,267 Supplement Amount 2024, How to Qualify

Singapore $3,267 Supplement for Low-Income Workers in 2024 Are you a low-income worker in Singapore? The government is offering a $3,267 supplement to support you in 2024. This money can help you pay for daily expenses and build your savings. To qualify, you must be at least 30 years old, earn between $500 and $2,500 monthly, and live in a property worth no more than $21,000. To apply, make sure your income is accurately declared and that you're making MediSave contributions. The supplement will be paid as 10% cash and 90% into your MediSave account. Don't miss out on this financial assistance! Learn more and apply today.

By Dhananjay Published on February 3, 2025

The Singapore government has introduced the $3,267 Supplement Amount for 2024 as part of its ongoing efforts to support lower-income workers, including self-employed individuals and platform workers. This financial aid initiative aims to provide stability and security for those facing economic challenges. This article will explore the eligibility criteria, payment details, and steps to qualify for the $3,267 Supplement Amount in 2024.

Overview of the $3,267 Supplement Amount

The $3,267 Supplement Amount is a component of the Workfare Income Supplement (WIS) Scheme, designed to help lower-income workers manage daily expenses and build long-term savings through contributions to the Central Provident Fund (CPF). The supplement is distributed annually and aims to provide financial support to eligible workers, ensuring they can cope with the rising cost of living.

1 Overview of the $3,267 Supplement Amount 2 Eligibility Criteria 3 Payment Details

4 Steps to Qualify 5 Key Enhancements for 2024 6 Conclusion

Eligibility Criteria

To qualify for the $3,267 Supplement Amount, individuals must meet specific eligibility criteria related to age, income, and property value Scheme – SupportGoWhere – Life](https://supportgowhere.life.gov.sg/schemes/E-WIS/workfare-income-supplement-wis-scheme). Here are the details:

Age Requirement: Must be at least 30 years old as of 31 December 2023 Scheme – SupportGoWhere – Life](https://supportgowhere.life.gov.sg/schemes/E-WIS/workfare-income-supplement-wis-scheme).
Income Threshold: Gross monthly income must be between $500 and $2,500 (if married, the assessable income of the applicant’s spouse must not exceed $70,000) Scheme – SupportGoWhere – Life](https://supportgowhere.life.gov.sg/schemes/E-WIS/workfare-income-supplement-wis-scheme).
Property Value: Must live in a property with an annual value of up to $21,000 Scheme – SupportGoWhere – Life](https://supportgowhere.life.gov.sg/schemes/E-WIS/workfare-income-supplement-wis-scheme).
Property Ownership: Must not own more than one property (if married, the applicant and spouse must not own more than one property) Scheme – SupportGoWhere – Life](https://supportgowhere.life.gov.sg/schemes/E-WIS/workfare-income-supplement-wis-scheme).

Payment Details

The $3,267 Supplement Amount is distributed annually, with 10% paid in cash and 90% deposited into the recipient’s MediSave account Scheme – SupportGoWhere – Life](https://supportgowhere.life.gov.sg/schemes/E-WIS/workfare-income-supplement-wis-scheme). This distribution ensures that workers have immediate financial support while also building their long-term savings Scheme – SupportGoWhere – Life](https://supportgowhere.life.gov.sg/schemes/E-WIS/workfare-income-supplement-wis-scheme).

Steps to Qualify

To qualify for the $3,267 Supplement Amount, individuals must follow these steps:

Income Declaration: Ensure that your income is accurately declared by your employer or platform operator Scheme – SupportGoWhere – Life](https://supportgowhere.life.gov.sg/schemes/E-WIS/workfare-income-supplement-wis-scheme). This information will be used to assess your eligibility for the supplement Scheme – SupportGoWhere – Life](https://supportgowhere.life.gov.sg/schemes/E-WIS/workfare-income-supplement-wis-scheme).
MediSave Contributions: Make the required MediSave contributions to ensure that you are eligible for the supplement Scheme – SupportGoWhere – Life](https://supportgowhere.life.gov.sg/schemes/E-WIS/workfare-income-supplement-wis-scheme). This step is crucial for receiving the financial aid Scheme – SupportGoWhere – Life](https://supportgowhere.life.gov.sg/schemes/E-WIS/workfare-income-supplement-wis-scheme).
Application Process: For employees and platform workers, the eligibility assessment is automatic based on the income declared by your employer or platform operator Scheme – SupportGoWhere – Life](https://supportgowhere.life.gov.sg/schemes/E-WIS/workfare-income-supplement-wis-scheme). No separate application is needed Scheme – SupportGoWhere – Life](https://supportgowhere.life.gov.sg/schemes/E-WIS/workfare-income-supplement-wis-scheme).

Key Enhancements for 2024

The 2024 updates to the $3,267 Supplement Amount include several enhancements to better support eligible workers Scheme – SupportGoWhere – Life](https://supportgowhere.life.gov.sg/schemes/E-WIS/workfare-income-supplement-wis-scheme). These enhancements aim to provide greater financial stability and address the unique challenges faced by lower-income workers, including platform workers Scheme – SupportGoWhere – Life](https://supportgowhere.life.gov.sg/schemes/E-WIS/workfare-income-supplement-wis-scheme).

Conclusion

The $3,267 Supplement Amount for 2024 is a vital initiative by the Singapore government to support lower-income workers and ensure their financial well-being Scheme – SupportGoWhere – Life](https://supportgowhere.life.gov.sg/schemes/E-WIS/workfare-income-supplement-wis-scheme). By meeting the eligibility criteria and following the necessary steps, eligible individuals can benefit from this financial aid and improve their economic stability.

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