Senior Employment Credit

Who qualifies

• All employers that employ Singapore Citizen employees aged 60 years and above, earning below $4,000 per month, and have made timely CPF contributions for the employee qualify for the payout for 2023 to 2027.
• Wages paid to business owners (sole proprietors, partners, and shareholders who are also directors) or to employers trading in their own personal capacity are not eligible, even if CPF was contributed.
• Local government agencies, International Organisations and businesses not registered in Singapore do not qualify.
• Employees eligible for the EEC are not eligible for the SEC.

What it funds

• Recruiting, salary support, job redesign, career conversion

Costs covered: External payment tied to a hire's salary (offsets).

Maximum support: up to 7%.

For wages paid between 1 Jan 2024 and 31 Dec 2027, employers receive up to 7% of the wages of Singaporean workers aged 60 and above earning up to $4,000 per month, depending on age and wage. For 2026 and 2027 the monthly rates are 2% of wage for ages 60 to 64, 4% for ages 65 to 68 and 7% for ages 69 and above, tapering above $3,000 of monthly wage.

Payment: Paid as a percentage of salary over time.

How to apply

Employers do not need to apply. IRAS notifies eligible employers and automatically credits the payout through GIRO or PayNow Corporate.

The official page and user guide name an eligibility checker and payout-breakdown request; they do not name any upload document for the payout.

1. Check the payout eligibility using the SEC/EEC/CTO Payout Eligibility Checker & Breakdown Request digital service.
2. Ensure a GIRO arrangement or PayNow Corporate account is available for the payout.
3. View the IRAS notification in the post or myTax Portal and wait for automatic disbursement.

Before applying

• The employer must be eligible for the payout.
• The employer must have GIRO or PayNow Corporate set up to receive the payout.

Processing time: Payouts for wages paid from January to June are received in September; payouts for wages paid from July to December are received in March the following year.

Claiming support

No post-award claim is required; IRAS automatically disburses the payout. An employer who believes it should have qualified may complete the SEC appeal form and email it to SEC_EECAppeal@iras.gov.sg.

Employers have up to 2 months from the month of payout to lodge an appeal (e.g. a March payout must be appealed by 31 May).

Contact: https://go.gov.sg/askpayout

Application window: The SEC covers wages paid between 1 Jan 2024 and 31 Dec 2027 (extension to 2027 announced at Budget 2026). The page announces a September 2026 payout but there is no application window.