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

Chris Woo

Chris Woo

Tax Leader, PwC Singapore

Tel: +65 9118 0811

Tan Tay Lek

Tan Tay Lek

Partner, Corporate Tax, PwC Singapore

Tel: +65 9179 2725

Noel Goh

Noel Goh

Workforce Rewards Leader, PwC Singapore

Tel: +65 9048 8695

Suk Peng Ding

Suk Peng Ding

Partner, Employment Tax, PwC Singapore

Tel: +65 9171 9390

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