Rebrand of the E-submission with CPF
As of March 28, 2021, the Central Provident Fund Board (CPFB), a compulsory comprehensive savings and pension plan for working Singaporeans and permanent residents, has been rebranded as CPF EZPay.
From March 28, 2021, CPF e-Submission will be renamed to CPF EZPay. The submission process will remain unchanged.
Increase in SG United Traineeships Allowances from April 1, 2021
The Ministry of Manpower (MOM) recently announced that polytechnic and Institute of Technical Education (ITE) graduates starting SG United traineeships from April 1, 2021, will have their maximum allowances raised by S$300. It will increase by S$800 for mid-career professionals aged 40 and older.
Dependant’s Pass Holders Need to Apply for Work Pass Instead of Letter of Consent from May 1, 2021
Effective from May 1, 2021, Dependant’s Pass (DP) holders who wish to continue working in Singapore must apply for a relevant work pass rather than a Letter of Consent (LOC).
Existing SP holders with a LOC will be allowed to continue working until their LOC expires.
Tightening of ‘S Pass’ Hiring Quota for Manufacturing Sector
The government announced tighter ‘S Pass’ hiring quotas for the manufacturing sector. The plan is to reduce the quota from the current 20% to:
- 18% by January 1, 2022
- 15% by January 1, 2023.
Jobs Growth Incentive (JGI) Extended by 7 Months
The JGI was first introduced in September 2020 to support the hiring of local employees and was due to end in February 2021. The JGI will now be extended till the end of September 2021.
JGI March 2021 Payout
Businesses eligible to receive March 2021 JGI payouts will receive 25% or 50% support for the first 5000 SGD of gross monthly wages paid to all new local hires for the months of September, October, and November 2020.
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