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Written Answer to PQ on Tax Treatment for Payouts from Proposed SkillsFuture Jobseeker Support Scheme

Employment practices Skills, training and development

NOTICE PAPER NO. 3132 OF 2024 FOR SITTING ON OR AFTER 15 OCTOBER 2024
QUESTION NO. 6696 FOR ORAL ANSWER

MP: Assoc Prof Jamus Jerome Lim

To ask the Minister for Manpower whether the payouts received by the participants of the proposed SkillsFuture Jobseeker Support scheme will be subject to income tax.


Answer:


In Singapore, income is taxable and payouts from the SkillsFuture Jobseeker Support (JS) scheme are considered income. However, we intend to exempt the JS scheme payouts from income tax. This is consistent with the policy objective of the scheme to provide temporary financial support to involuntarily unemployed jobseekers, who face employment setbacks and need greater support.