Have you heard of the Self-Employed Person Income Relief Scheme (SIRS)?
If you are self-employed, you can apply for the SIRS starting 27 April. You can even check online if you are automatically eligible.
What is the SIRS?
This new scheme is open to self-employed people who have an annual net trade income of no more than $100,000, who live in a property with an annual value of no more than $21,000, and do not own two or more properties.
How will the SIRS disburse payouts?
The scheme will disburse three quarterly cash payouts of $3,000 in May, July and October.
Who can qualify for the SIRS?
About 100,000 self-employed people are automatically eligible.
The National Trades Union Congress (NTUC) said those aged 37 and above as of 31 Dec 2020 who meet eligibility criteria need not apply. Instead, they will be notified automatically via SMS. They will also get a letter from the Central Provident Fund (CPF) Board.
People who miss out can submit appeals through the NTUC. The NTUC will help administer applications and appeals for those who do not automatically qualify. The website for applications will be integrated with MyInfo, a government service that consolidates the personal data of residents and can be then used to auto-fill official forms.
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.
Sources: The Straits Times
