Continued support for lower-wage workers to upskill

There is continued support for lower income households with a $2.4 billion top-up of the Progressive Wage Credit Scheme through which the Government jointly funds (with employers) wage increases for lower income workers. This scheme, introduced last year, is seen as successful in providing workers with specific training requirements and a clear career pathway with wages that commensurate with their skills and productivity. This year the Government will continue to co-fund up to 75% of increases for workers earning less than $2,500 a month. The co-funding percentage will taper down over the years to 15% in 2026. There will be a lower Government co-funding of wage increases for workers earning more than $2,500 and up to $3,000.

Contact us

Lennon Lee

Lennon Lee

Tax Leader, PwC Singapore

Tel: +65 8182 5220

Tan Tay Lek

Tan Tay Lek

Partner, Corporate Tax, PwC Singapore

Tel: +65 9179 2725

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