Personal Finance
Guide To The Working Mother’s Child Relief (WMCR) For Mothers In The Workforce (2023)
By ValueChampion  •  March 8, 2023
The Working Mother’s Child Relief (WMCR) was first introduced in 2004 as a tax relief scheme to encourage women to continue working after they give birth to children. The scheme offered much-needed childcare relief and maternity benefits amidst the rising living cost in Singapore. To provide even more support to lower- to middle-income mothers, the government has recently announced the revision of the scheme from a percentage of earned income to a fixed amount. If you are a working mother, here is a quick guide to the WMCR and how the revised plan, which will take effect in 2025, will affect your maternity rebates in Singapore. Source: Unsplash How the Working Mother’s Child Relief (WMCR) Works The WMCR is available to married, divorced or widowed working mothers with taxable earned income from employment or through pensions, trade or business, or through a profession or vocation. You can only claim the yearly relief if you are a parent to an unmarried child who:...
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By ValueChampion
We distill sprawling marketplaces—for insurance, credit cards, bank accounts, and more—down to choices that represent a sweet spot for value—as in offering the features, returns, or experience we think you need for the smallest outlay. We ask: Is the return on a particular purchase or decision worth the cost or risk of that option, and how does the choice stack up against other options?
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