The Workfare Income Supplement (WIS) program is a vital initiative designed to provide financial support to eligible workers in Singapore, particularly those earning below $3,000 monthly.Starting in March 2025, recipients can benefit from annual payments of up to $3,267, significantly aiding their financial stability.
CPF contributions
CPF Contributions: Updates and Details for 2025
In Singapore, CPF contributions play a pivotal role in securing financial stability for employees, as mandated by the Central Provident Fund (CPF) system.This mandatory social security savings scheme ensures that both employers and employees contribute to various CPF accounts, which are essential for retirement, healthcare, and housing needs.
CPF Contributions: Bribery Case Involving Sats Officer
CPF contributions play a vital role in Singapore’s financial ecosystem, serving as a cornerstone for social security and retirement savings.In a recent bribery case involving Lim Ban Hock, it was revealed that more than $4,736 was funneled as disguised CPF contributions to Leong Poh Keong, a former Sats officer.