Low income households see real income grew by 40% through Workfare Income Supplement

Workfare Income Supplement benefits consumers through lowering of costs

Workfare Income Supplement or WIS costs the government $850 million a year and benefits almost half a million workers. It was introduced in 2007 to boost income and retirement savings. As PM Lee said, WIS is effectively a negative income tax with the government topping up incomes rather than taxing the incomes. In two years’ […]