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Tax & AccountingLegalComplianceFebruary 18, 2025

Singapore Budget 2025 - HR & Employment Report

By: Premsheila KhindriaKavitha Kesavan

On, Tuesday, 18 February 2025, the 2025 Singapore Budget was delivered by Prime Minister and Minister of Finance, Lawrence Wong.


Wolters Kluwer will be providing coverage of all the major economic, tax, accounting reforms and announcements impacting your clients and organisation.


The following report is a concise overview of the 2025 Budget based on the Budget Statement, written specifically for the HR sector.
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HR and Employment eBook Cover for Singapore Budget 2025

Key highlights are outlined for:

Central Provident Fund (CPF)

Employment credit

MediSave Scheme

Retirement

SkillsFuture

Wage Credit Scheme

Workfare Skills Support (WSS)

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