SubsidyOpen🇸🇬 Singapore

Senior Employment Credit (SEC)

Automatic wage offset for employers of Singaporean workers aged 60 and above earning up to S$4,000 a month.

Run by

IRAS / Ministry of Manpower

Funding

Amount varies

2026: up to 2% of wages (age 60-64), 4% (65-68), 7% (69+), on wages up to S$4,000/month

Who can apply

Employs Singaporean workers aged 60+ earning up to S$4,000/month
Timely mandatory CPF contributions
No application needed; paid automatically (Sep and Mar)

How to apply

No application needed: IRAS pays eligible employers automatically, as long as CPF contributions are made on time.

Timing

Extended to 31 Dec 2026

Last checked

2026-10-11

Official page ↗

BizGrantAI is an independent guide, not a government agency. Rules and amounts change, so always confirm on the official page before applying. We never charge for applications.