Read? Workfare Payouts
After clarifying with WIS back-end staff' on his eligibility for 2018 WIS; CPF counter staff finally accepted Uncle8888's appeal for 2018 WIS as self-employed low income worker.
WIS payout as follows:
$200 per month kopi money in 2018!
So Uncle8888 officially contributed +1 to that number of low income workers in Singapore.
Haha 👍
ReplyDeleteBut how come need to justify with WIS staff? Shouldn't it be automatic?
Last year i.e. 2017 WIS was disqualified as self-employed status due to one time deferred bonus payment from 2016 from ex-company as I retired and not resigned so I was entitled to pro-rated bonus declared in 2016.
DeleteThis CPF counter staff just wanted to be very sure so she checked with WIS back end staff since I was disqualified last year.
I remarked that CPF policies are often not easy to understand. She replied immediately WIS is not CPF. It is from Government. LOL!
Oh i c...
DeleteGood lah ... the Medisave portion can more than cover annual medishield premium. Hoho!
I previously wanted to get as self-employed tutor, but kena disqualified due to co-owning 2 properties, @#$%^& grrr! :)
Rental is considered as income. You definitely not counted as low income. Your rental income is median income. LOL!
DeleteLucky, dividends are not counted as income!
DeleteLol 😂 No lah still lower middle income haha.
DeleteSince me jobless so all the rental income put under me to reduce wifey taxes. Now I laggi cannot qualify 😩
Beside salary <2K, one has to meet additional criteria:
ReplyDelete** Live in a property with an annual value3 of more than $13,000 assessed as at 31 December of the preceding year;
** does not own two or more properties; or
**if married:
you and your spouse together own two or more properties; or
the assessable income of your spouse for the preceding Year of Assessment exceeds $70,000.
Unfair leh.
own two or more properties are passive income earners and likely can't be low income. Taxable income from rental more than $20K?
Delete