Senior Employment Credit (SEC)
· Last verified 23 Oct 2026Automatic wage offset for employers of Singapore Citizen workers aged 60 and above earning below $4,000 a month. Extended to end-2027 at Budget 2026.
- Support
- 2026-2027: up to 2% of wages (age 60-64), 4% (65-68), 7% (69 and above), for monthly wages up to $3,000; tapered for wages over $3,000 to under $4,000.
- Maximum funding
- No fixed cap published
- How to apply
- No separate application needed
- Apply before starting?
- No
Recent changes
Budget 2025 extended SEC to end-2026 and moved the 7% tier to age 69+ for 2026 (in line with re-employment age rising to 69 on 1 Jul 2026). Budget 2026 extended SEC to 31 Dec 2027 at the same rates.
Who is eligible
- Registered and operating in Singapore
- Employee is a Singapore Citizen aged 60 or above
- Employee earns below $4,000 per month
- Employer made timely CPF contributions
- Employees eligible for EEC cannot also get SEC
- Business owners and employers trading in personal capacity are not eligible
Quick eligibility check
- 1. Do you employ Singapore Citizens aged 60 or above?
- 2. Do these employees earn below $4,000 a month?
- 3. Do you pay their CPF contributions on time?
- 4. Is your business an entity rather than a sole trader trading in a personal capacity?
- 5. Are these employees not already covered by the Enabling Employment Credit?
0 of 5 answered.
What it covers
- Wages of eligible senior employees paid 1 Jan 2024 to 31 Dec 2027
How to apply
- Employ eligible senior Singapore Citizens and pay CPF on time
- IRAS notifies eligible employers by letter (also on myTax Portal)
- Receive payout through GIRO or PayNow Corporate
Processing time: Jan-Jun wages paid in September; Jul-Dec wages paid in March of the following year
Claims: Automatic. Employers may request a breakdown or appeal within 2 months of the payout month.
Documents you need
- None. SEC is automatic; employers do not need to apply
- Timely CPF contribution records
- GIRO or PayNow Corporate registration for payout
Frequently asked questions
What is the Senior Employment Credit?
Automatic wage offset for employers of Singapore Citizen workers aged 60 and above earning below $4,000 a month. Extended to end-2027 at Budget 2026.
How much funding does SEC give?
2026-2027: up to 2% of wages (age 60-64), 4% (65-68), 7% (69 and above), for monthly wages up to $3,000; tapered for wages over $3,000 to under $4,000.
Who is eligible for SEC?
Applicants must be registered and operating in Singapore. Employee is a Singapore Citizen aged 60 or above Employee earns below $4,000 per month Employer made timely CPF contributions Employees eligible for EEC cannot also get SEC Business owners and employers trading in personal capacity are not eligible
Do I need to apply for SEC?
No separate application is needed. Automatic. Employers may request a breakdown or appeal within 2 months of the payout month.
What documents do I need for SEC?
None. SEC is automatic; employers do not need to apply; Timely CPF contribution records; GIRO or PayNow Corporate registration for payout.
Sources
- Official page: https://www.iras.gov.sg/schemes/disbursement-schemes/senior-employment-credit-(sec)-cpf-transition-offset-(cto)-and-enabling-employment-credit-(eec)
- https://www.mom.gov.sg/newsroom/press-releases/2026/0303-partnering-businesses-and-workers-to-thrive-in-a-changed-world
Information last verified on 23 Oct 2026. Grant rules change often. Always confirm with Inland Revenue Authority of Singapore (IRAS) before you apply.
