Latest grants in Singapore to combat Covid-19

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With Covid-19 (Coronavirus) turning into a global pandemic, the Singapore government has put aside a $48 billion resilience budget to support Singaporeans and businesses in this tough period.

 

 

 

Grants to support workers and protecting livelihoods

For individuals: Solidarity payment

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On 6 April, the Singapore government announced a third round of support measures to help individuals and families through the Covid-19 outbreak. One main addition that was introduced was – solidarity payment.

 

Those eligible will now get an additional SGD $300 on top of the SGD $300 – $900 payment that was announced in the Resilience Budget. 

Criteria

  • Singaporeans aged 21 and above in 2020

How to apply

You would not need to apply for this scheme if you are eligible. SGD $600 will directly be credited into your bank account by 14 April 2020 or issued via cheque starting from 30 April 2020. 


Image from https://www.gov.sg

For companies: Jobs Support Scheme (JSS)

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The Jobs Support Scheme (JSS) will support 1.9 million local employees in Singapore. This scheme will be available for 9 months (till the end of 2020), up from 3 months previously. 

 

Previously, the 75% subsidy was offered to employers to cover 75% of their Singapore workers gross monthly wages for the first SGD $4,600 of the wages earned in April.

 

With the new extension announced on 20 April 2020, the 75% wage subsidy will now be extended to all sectors for the month of May.

 

The JSS scheme will also extend their payout and cover wages of employees of a company who are also shareholders and directors of the company.

Criteria

All employers who have made CPF contributions for their Singaporean or PR employees will qualify for the payout except those who are in this list

For shareholders and directors

  • Companies that were registered on or before 20 April 2020
  • Wages of shareholder-directors with Assessable Income of $100,000 or less for Year of Assessment 2019

The May 2020 payout will also include back-payment for companies with qualifying shareholder-directors whose wages were excluded from the first JSS payout in April 2020.

How to apply

Employers do not have to apply for this scheme. The grant that they receive will be computed based on the Central Provident Fund (CPF) contribution data. Employers will receive the payouts in 3 instalments: April, July and October 2020.

For companies: Wage Credit Scheme (WCS)

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The Wage Credit Scheme has now added additional $500 million for employees’ wage increases, on top of the $600 million that was disbursed in March 2020. This scheme supports businesses and encourages employers to share productivity gains with workers by co-funding wage increases.

Criteria

  • Have given Singaporean employees who have earned a gross monthly wage up to SGD $4,000, a gross monthly wage increase of at least SGD $50 in 2019 and/or have continued the gross monthly wage increase of at least SGD $50 previously given to the employees in 2017 and/or 2017 
  • Have paid the employees’ the mandatory CPF contributions on 2019 wages to the CPF board by 14 January 2020

How to apply

Employers will not need to file for the WCS grant. Employers who benefit from additional wage credit will receive a separate payout by the end of September 2020. Letters will be sent to all employers that qualify for this scheme, informing them about the payout. 

 

For individuals: Covid-19 Support Grant

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Covid-19 Support Grant has been introduced to support those who have lost their jobs due to the Covid-19 outbreak. This grant will help them to find a new job or enrol themselves for training. Successful applicants will receive a cash grant of $800 for 3 months.

Criteria

Singapore Citizens or PRs aged 16 years and above (who are presently unemployed due to retrenchment or contract termination due to the virus and meet the following requirements: 

  • Had a monthly household income of not more than SGD $10,000, or per capita household income not more than $3,100 per month (before unemployment) 
  • Live in a property with an annual value of not more than SGD $21,000
  • Not currently receiving ComCare Short-to-Medium Term assistance (SMTA) or ComCare Interim Assistance. 

Take note: Before facing unemployment, the applicant had to have been employed as a full-time or part-time permanent or contract staff. Applicants must also agree to participate in a job search or enrol for training programmes under Workforce Singapore or the Employment and Employability Institute (e2i).

How to apply

This grant will be open for application from May – September 2020. Those who would like to apply for this would need to submit their application at their nearest Social Service Office (SSO). You can click here to find the nearest SSO to you. 

 

If you need immediate assistance in April 2020, you can apply for the Temporary Relief Fund.

For individuals: Temporary Relief Fund

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Similar to the Covid-19 Support Grant, the Temporary Relief Fund focuses on providing immediate assistance. They will now be able to get financial help to assist them with their basic day-to-day expenses. They will now be able to apply for a one-off cast assistance of SGD $500 from 1st April 2020 onwards. 

Criteria

Singapore Citizens or PRs aged 16 years and above (who are presently unemployed due to retrenchment or contract termination due to the virus and meet the following requirements: 

  • Had a monthly household income of not more than SGD $10,000, or per capita household income not more than $3,100 per month (before unemployment) 
  • Live in a property with an annual value of not more than SGD $21,000
  • Not currently receiving ComCare Short-to-Medium Term assistance (SMTA) or ComCare Interim Assistance. 

How to apply

Those who would like to apply for this would need to submit their application at their nearest Social Service Office (SSO). You can click here to find the nearest SSO to you.

For individuals: NTUC Care Fund (Covid-19)

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The NTUC Care Fund (Covid-19) is a one-off cash relief payment from SGD $50 to SGD $300 per union member. An estimate of 108,000 members are expected to benefit from this grant.

Criteria

For those members with dependents staying in the same household in Singapore:

 

Existing members: SGD $300

New members (signups after 1 March 2020): SGD $200

 

For those members without dependents staying in the same household in Singapore:

 

Existing members: SGD $100

New members (signups after 1 March 2020): SGD $50

How to apply

Members can apply for this grant and other programmes via the NTUC membership from 25 March to 30 September 2020.

For individuals: SGUnited Traineeships for trainees

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The SGUnited Traineeships allows those students who have graduated or are graduating in 2020 to provide them with related work experience and to boost their employability rate. 

Trainees will receive a training allowance for the duration of the traineeship. This allowance will be co-funded by the government and companies that are participating. 

 

Allowance: 

 

Required qualifications University degree or abovePolytechnic diploma or professional qualificationsITE or equivalent
Estimated monthly  AllowanceSGD $1,800 to $2,500SGD $1,300 to $1,800SGD$1,100 to $1,500

Criteria

You need to fulfil the following criteria: 

  • Singapore Citizen or Permanent Resident; and Graduated or graduating in calendar year 2019 or 2020 from ITEs, polytechnics, universities, or other educational institutions (e.g. private universities and overseas institutions); or
  • Graduated earlier from above institutions and completed National Service in 2019 or 2020.

How to apply

From 1st June 2020 onwards, eligible jobseekers who are keen to apply for SGUnited Traineeships can visit mycareersfuture.sg and search for traineeship opportunities under the hashtag #SGUnitedTraineeships.

 

Before 1st June 2020: Fresh graduates are advised to register an account on MyCareersFuture.sg to receive latest updates on SGUnitedTraineeships Programme and explore job opportunities.

For companies: SGUnited Traineeships for host companies

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Companies can now join the programme as host companies to bring in newly graduates as trainees which will then help support their business necessitates and also be able to tap on government support during the traineeship period.

 

More information:  Factsheet and FAQs.

 

Criteria

 

All host companies need to fulfil the following: 

  • Host companies must be registered or incorporated in Singapore
  • Offer traineeships lasting up to 12 months (Traineeship must commence by 31st December 2020)
  • Need to provide clear traineeship descriptions and development plans that would benefit the trainees. This will be subjected to approval by the appointed programme manager (SBF).
  • Co-fund 20% of the training allowance for the duration of the traineeship

 

How to apply

 

This programme will start on 1st June 2020. Those who are interested can fill up this form and from there, SBF will get in touch with you about the application process and more. 

For companies: Foreign Worker Levy

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Previously, the Singapore government announced that they will be waiving the foreign worker levy for the month of April 2020. On 20 April 2020, an extension was announced and now the levy due in May 2020 will also be waived. 

 

Employers will also now be given another SGD $750 in foreign worker levy rebates for every foreign worker employed in their company. 

Criteria

  • If you employ Work Permit holders

 

 

Grants to support Self-Employed Persons (SEPs)

For individuals: SEP Income Relief Scheme (SIRS)

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Self-Employed Person Income Relief Scheme will directly provide cash assistance to the self-employed. Those eligible will receive SGD $1000 per month for 9 months.

Criteria

  • Started work as a SEP on/before 25 March 2020
  • Do not earn income as an employee
  • Earn a Net Trade income of no more than SGD $100,000
  • Live in a property with an annual value of no more than SGD $21,000
  • Do not own 2 or more properties 

Additional criteria for married Singaporean SEPs:

  • The individual and spouse together do not own 2 or more properties 
  • The assessable income of his/her spouse does not exceed SGD $70,000

How to apply

SEPs aged 37 and above in 2020 who declared positive SEP income to IRAS/CPF board for Work Year 2018 do not have to apply.  They will automatically be informed about their eligibility via a letter and SMS and will then receive the first SIRS payout automatically in May 2020. 

 

 

More details regarding the application process will be released soon.

For individuals: SEP Training Support Scheme

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Self Employed Persons Training Support Scheme will provide support for them to make use of this period to train upskill. Up to 90% of course fees will be subsidised and also, from 1 May 2020, there will be a training allowance given for SGD $10/hour. 

 

There will also be an automatic deferment of income tax payment for 3 months.

Criteria

  • Self-employed person at the point of the application
  • Main income is from self-employment 
  • You will be required to produce proof, your consolidated statement of Income for the year of assessment 2020

How to apply

You will have to add your personal details here and submit your supporting documents for a Letter of Eligibility here. If your application is successful, you will receive the Letter of Eligibility from NTUC’s e2i within 2 working days.

For individuals: Point-to-Point Support Package

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The Point-to-Point Support Package is to help taxi and PHC drivers who have been affected by the virus. Eligible full-time taxi and PHC drivers can now receive up to SGD $300 per vehicle per month till the end of September. There will also be additional support provided for taxi and PHC operators and also to defray the operating cost, they will receive a 1-year road tax rebate and a 6-month waiver for parking charges.

Criteria

  • Must be existing main taxi hirers
  • Continue driving their taxis or remain in the PHC platform during the period of assistance

How to apply

All eligible drivers will receive relief from their respective taxi companies or PHC operations. Take note that drivers who have received the Special Relief Fund (SRF) will not be eligible for this grant. 

For individuals: Enhanced Workfare Special Payment

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This grant will provide a cash payout of SGD $3,000 for all eligible Singaporeans, up from the quantum announced previously. They will be paid in 2 instalments of SGD $1,500 each in July and October 2020. The enhanced WSP will provide more help for low-wage workers aged 35 and above. 

Criteria

  • Singapore Citizen
  • 35 years old and above (person with disabilities of all ages will qualify) 
  • Earn an average gross monthly income of not more than SGD $2,300 in a month

How to apply

If you are employed, you will be automatically assessed based on the CPF contribution from your employer.

 

If you are self-employed, the Ministry of Manpower (MOM) will assess you in the following year after you declare your income to IRAS or CPFB and make the required MediSave contributions. 

 

 

Grants to support Families

For individuals: Enhanced Care & Support Package

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The Enhanced Care & Support Package has been designed to help families and also individuals. Each eligible citizen will receive – SGD $300, $600 or $900 (depending on their income). Parents with at least one Singaporean child aged 20 & below in 2020, will also receive an additional SGD $300 in cash. 

 

In addition, they will also receive the following: 

  • All Singaporeans aged 50 and above in 2020 will receive SGD $100 PAssion Card top-up in cash 
  • Singaporeans living in 1 room and 2 room HDB flats will receive SGD $300 in Grocery Vouchers and SGD $100 in 2021
  • If you have received Workfare payments for work done in 2019, you will also get SGD $3,000 in cash.

Eligible Singaporeans will receive the payout directly in their designated bank account, together with their Care and Support – cash payout.

For individuals: Greater Flexibility on Government Fees and Loans

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To help graduates who are worried about having to pay off their student loans while they try to find a job during this period, all student loan repayments and interest charges have been suspended for 1 year – from 1 June 2020 to 31 May 2021. This applies to graduates of autonomous universities and polytechnics. 

 

They have also added a 3 month suspension of late payment charges on HDB mortgage arrears. DDB will continue to provide assistance through existing measures such as deferring payment of loan installments for 6 months.

 


Grants to support Businesses

For companies: Enhanced Property Tax Rebate for 2020

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Property Tax Rebate will be granted to owners of qualifying commercial properties (hotels, serviced apartments, tourist attractions, shops and restaurants), to help them with the cost pressure during this period. With this enhancement, owners will now be granted rebates of up to 100% of their property tax payable from 1 January – 31 December 2020.

Criteria

100% rebate for: 

  • Hotel room or function room of a registered hotel under the Hotels Act
  • Serviced apartment or serviced apartment function room 
  • Premises of prescribed Meetings,  MICE venues
  • Premises of a prescribed international cruise or regional ferry terminal 
  • Shops and restaurants
  • Premises of tourist attractions 

60% rebate for: 

  • Marina Bay Sands
  • Resort World Sentosa

30% rebate for: 

  • Premises used whether wholly or partly for an excluded purpose 
  • The part of a carpark in the same building as premises mentioned above that corresponds to those premises 
  • Any other premises in the same building as premises mentioned in the first point that are used or intended to be used for/or in connection with the operation or enjoyment of those premises
  • All non-residential properties 

How to apply

IRAS will send out the rebate notices by 31 May 2020 to those qualifying owners. Qualifying owners can expect to receive their refunds by 30 June 2020.

For individuals: Enhanced Rental Waivers

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Stall owners at hawker centres and markets will now be applicable to the Enhanced Rental Waivers. The enhanced waivers will now be increased from 1 month to 3 months.

Criteria and application

  • All stallholders in hawker centres managed by NEA or NEA-appointed operators (includes both in the cooked food and market section of the centre)
  • Up to 2 months retail waiver for commercial and other non-residential tenants in the government properties
  • Enhanced Jobs Support Scheme will also be for food and beverage firms, with a total of 50% wage offset (capped at monthly of SGD $4,600).

For more information regarding these waivers, you can contact NEA.

For companies: Cash Flow Support

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During this period, the government will support those who are facing cash flow challenges, with the following support: 

 

Criteria

For Temporary Bridging Loan programme: 

  • A business entity that is registered and physically is in Singapore
  • At least 30% local equity held directly or indirectly by Singaporean or a PR

For SME Working Capital Loan: 

  • A business entity that is registered and physically is in Singapore
  • At least 30% local equity held directly or indirectly by Singaporean or a PR
  • Maximum Borrower Group revenue cap od SGD $500 million for all enterprises
  • SME definition refers to Group revenue of up to SGD $1 million or a maximum of 200 employees 

For Trade Loan: 

  • Be registered and operating in Singapore
  • Have a minimum of 30% local shareholding 
  • Maximum Borrower Group revenue cap of SGD $500 million for all enterprises 

For the Loan Insurance Scheme (LIS):

  • A business entity that is registered and physically is in Singapore
  • At least 30% local equity held directly or indirectly by Singaporean or a PR
  • Group revenue of up to SGD $100 million or maximum employment of 200 employees

How to apply

You can click here to find out more information regarding the application process. 

For companies: Support for Capability Development

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The Capability Development Grant focuses on supporting the exposure to learning in diverse areas of functions and practices within the arts field. This grant can be used for workshops, masterclasses, seminars, conferences, residencies and other professional training programmes. 

  • The support level for Productivity Solutions Grants and Enterprise Development Grant has been raised to 80% and 90% respectively, till the end of 2020
  • Enhanced SMEs Go Digital to avoid physical meetups 
  • Extended enhanced training support to more sections – higher course fee subsidies and payroll support till the end of the year

Criteria

For Productivity Solution Grants:

  • Registered and operating in Singapore
  • Purchase/lease/subscription of the IT solutions must be used in Singapore
  • Have a minimum of 30% local shareholding (for selected solutions only)

For Enterprise Development Grant:

  • Registered and operating in Singapore
  • Have a minimum of 30% local shareholding
  • Be in a financially feasible position to start and complete the project

How to apply

For Productivity Solution Grants:

  • Visit Tech Depot and access the list of supportable solutions to identify the solution that suits you best 
  • For IT solutions: Get a quotation from the pre-approved vendor 
  • For equipment: Source for the equipment and get a quotation directly from the vendor 
  • Submit an application on the Business Grants Portal

For Enterprise Development Grant: 

 

Take note that applications will be assessed by Enterprise Singapore. Find out more information regarding the application process here.

For companies: Resilience Building

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The SG Together Enhancing Enterprise Resilience (STEER) programme will support funds set up by the TACs or industry groupings, aiming to help businesses who have suffered during this period. Under this programme, Enterprise Singapore will match SGD $1 for every SGD $2 raised by such initiatives, up to SGD $1 million per fund. 

 

Funding support for specialised cleaning under SG clean has also been introduced.

Criteria and application

For the criteria and application process for the STEER programme, contact Enterprise Singapore.

For companies: Advanced Aviation Support Package

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With a minimum level of air connectivity as airlines continue to ground flights, via the Enhanced Jobs Scheme explained above, the government will pay 75% of the first SGD $4,600 of a local employee’s monthly pay (in the aviation sector). 

 

Airlines will also get the following benefits: 

  • 10% landing charge rebate for all scheduled passenger flights landing in Singapore (From April to end of October 2020)
  • 50% rebate on rental for airlines loungers and offices within Changi Airport (From April to end of October 2020)
  • 100% rebate on parking charges at Changi Airport (from August – October 2020)

Criteria

All employers who have made CPF contributions for their Singaporean or PR employees will qualify for the payout except those who are in this list.

How to apply

Employers do not have to apply for this scheme. The grant that they receive will be computed based on the Central Provident Fund (CPF) contribution data. Employers will receive the payouts in 3 instalments: May, July and October 2020.

Next steps

During this tough period, it does not mean that you have to pause your business activities. If you are looking to set up a company, we can help you. Through our online platform, you do not even have to leave your home to begin! Contact us to get started or find out more information regarding these new grants. 

 

You can click here to view a PDF that was created by the Ministry of Finance.

 

 

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