Unity and Resilience Budgets Supplement – Need Help to Close Down Your Company ? Call Us Now 9133 3633

This will supplement the support for workers that was earlier announced at the Unity and Resilience Budgets.

Here’s a recap of what workers can receive at the latest Solidarity Budget, as well as from the earlier announced Unity Budget and Resilience Budget.

Unity Budget [announced 18 Feb 2020]

Jobs Support Scheme to provide wage support
$500 SkillsFuture Credit top-up for all Singaporeans aged 25 and above
Senior Worker Support Package to help companies retain senior workers
SkillsFuture Mid-Career Support Package for those in their 40s and 50s to reskill
70-70 target for youths for them to go for overseas programme

Resilience Budget [announced 26 Mar 2020]

Enhancements to the Jobs Support Scheme to provide enhanced wage support, particularly for those in sectors most affected by COVID-19
Self-Employed Person Income Relief Scheme (SIRS) – monthly cash payout to eligible SEPs
Self-Employed Persons Training Support scheme to help SEPs train and upskill
Enhanced Workfare Special Payment – one-off cash payment of $3,000
COVID-19 Support Grant for lower and middle-income workers who lost their jobs
Temporary Relief Fund for families who need urgent help
SGUnited Jobs initiative to create 10,000 jobs in one year
SGUnited Traineeships to support 8,000 traineeships for first-time job seekers

Solidarity Budget [announced 6 Apr 2020]

Further enhancements to the Jobs Support Scheme will help to save jobs:

The Government will pay 75% of the first $4,600 of monthly salaries for all local employees for April 2020
First JSS payout brought forward from May to April
From May 2020, wage subsidy levels will revert to what was announced in Resilience Budget

More Self-Employed Persons (SEPs) to get help

More SEPs to qualify for SEP Income Relief Scheme (SIRS)
- To include all who also earn a small income from employment work
- Raise the Annual Value threshold from up to $13,000 to up to $21,000
A total of about 100,000 SEPs will receive three quarterly cash payouts of $3000 each, starting from May 2020

The primary aim of this Solidarity Budget is to take further steps to save jobs and protect the livelihoods of our people during this temporary period of heightened measures.

Deputy Prime Minister and Finance Minister Heng Swee Keat in Parliament on 6 Apr 2020

For more on Budget 2020, visit www.singaporebudget.gov.sg

View the Budget booklets here