With the current circuit breaker measures, are you able to still keep your job, stay safe with your family, and work from the comfort of your home?
In response to the COVID-19 crisis, the government announced the Resilience Budget on 26 March. This was further enhanced by the Solidarity Budget on 6 April 2020. Both financial measures were introduced with the goal of saving jobs and protecting the livelihoods of Singaporeans.
Here’s a breakdown of the benefits under both measures:
Resilience Budget: Job Support Scheme
- Subsidising 25% of the first $4,600 of gross monthly wages for all local employees
- Subsidising 50% for the food services sector
- Subsidising 75% for the aviation and tourism sectors
Solidary Budget: Enhanced Job Support Scheme
- This involves raising the wage subsidy of all firms to 75% of gross monthly wages for the first $4,600 of wages paid in April 2020, for each local employee. The wage subsidy applies to over 1.9 million local employees.
- Regardless of how much they earn, the maximum subsidy to the firms will be 75% of $4,600 per person, which is $3,450. The salary limit of $4,600 is based on the median wage level of full-time employed residents.
Further Measures to Ease Labour Costs
Employers are also encouraged to take care of their foreign workers on work permits and S-passes.
To ease the labour costs during these four weeks:
- The monthly Foreign Worker Levy due in April will be waived.
- Foreign Worker Levy Rebate of $750 will be provided for each work permit or S pass holder, based on previous levies paid in 2020.
- Employers will receive the rebate as early as 21 April 2020.
If you are thinking of buying, selling, or renting property while the circuit breaker measures are in effect, don’t worry! Our team is still hard at work.
Learn more about Ohmyhome services during the circuit breaker period.