{"id":4399,"date":"2020-05-20T09:07:20","date_gmt":"2020-05-20T01:07:20","guid":{"rendered":"https:\/\/dollarsandsense.sg\/business\/?p=4399"},"modified":"2021-03-16T16:45:46","modified_gmt":"2021-03-16T08:45:46","slug":"what-you-need-know-about-ntuc-care-fund-covid-19","status":"publish","type":"post","link":"https:\/\/dollarsandsense.sg\/business\/what-you-need-know-about-ntuc-care-fund-covid-19\/","title":{"rendered":"Here’s What You Need To Know About The NTUC Care Fund (COVID-19)"},"content":{"rendered":"\n

The consequences of the economic recession from COVID-19 has been far-reaching, with some companies starting to close their shutters and individuals taking pay cuts or getting retrenched. Freelancer and self-employed persons have also been particularly hard-hit.<\/p>\n\n\n\n

To complement government support measures such those contained in the Care and Support Package<\/a>, NTUC has also stepped up to provide support to help persons who have suffered a job or income loss, such as introducing the NTUC Care Fund (COVID-19).<\/p>\n\n\n\n

The NTUC Care Fund (COVID-19) provides one-off relief of up to $300<\/strong> per union member, and is a joint-effort by NTUC, its associated unions and associations, and the government.<\/p>\n\n\n\n

Here’s what you need to know about the NTUC Care Fund (COVID-19) and how you can apply for it.<\/p>\n\n\n\n

Read Also: <\/em><\/strong>Self-Employed Person Income Relief Scheme (SIRS) \u2013 Importance Of Filing Taxes And Having The Necessary Paperwork<\/em><\/strong><\/a><\/p>\n\n\n\n

Who Is Eligible For The NTUC Care Fund (COVID-19)?<\/h3>\n\n\n\n

To qualify for the NTUC Care Fund (COVID-19), you must be a registered NTUC union member during the time of application.<\/p>\n\n\n\n

For members staying with dependents staying in the same household, your original gross monthly income must not exceed $3,400, while members without dependents living with them must not exceed $1,500 in gross monthly income.<\/p>\n\n\n\n

Members must also suffer an income drop of at least 30% or a freelancer who had job\/event cancellations. For those who were retrenched, your retrenchment benefits must not exceed $6,500.<\/p>\n\n\n\n

Read Also: <\/em><\/strong>ESG Food Delivery Booster Package: Subsidies For F&B Stalls To Use Food Delivery Platforms And Logistics Partners<\/em><\/strong><\/a><\/em><\/strong><\/p>\n\n\n\n

How Much Can I Receive From The NTUC Care Fund (COVID-19?<\/h3>\n\n\n\n

The amount of payouts you can look forward to receiving would depend on whether you have dependents or not, and whether you are an existing or new NTUC member.<\/p>\n\n\n\n

\"\"
Source: NTUC<\/a><\/em><\/figcaption><\/figure><\/div>\n\n\n\n

Applying For The NTUC Care Fund (COVID-19)<\/h3>\n\n\n\n

Ordinary Branch union members can obtain and submit the application form directly with your respective unions or associations, who would then inform you of the outcome of your application.<\/p>\n\n\n\n

General Branch union members can download the application form<\/a>\u00a0and follow the submission instructions<\/a>. If you are unsure about your membership type, you can call the NTUC hotline to enquire on your membership details.<\/p>\n\n\n\n

Members who qualify for this relief fund can only receive this financial assistance once, and have to do so between 25 March 2020 to 30 September 2020.<\/p>\n\n\n\n

Supporting Documents Needed For Application<\/h3>\n\n\n\n

If you are currently employed, you would have to submit a payslip of pre-COVID-19 (i.e. payslip of any month in 2019), to prove your original income of $3,400 and below, as well as a payslip of after COVID-19, i.e. payslip of any month in 2020, to show the income drop of at least 30%.<\/p>\n\n\n\n

If you have been retrenched, you would have to submit your retrenchment letter, which should show that your retrenchment benefits did not exceed $6,500.<\/p>\n\n\n\n

If you are a self-employed person or a freelancer, you would have to submit an income document of pre-COVID19, such as the IRAS statement for the year 2019 as well as documentary evidence of cancellations\/postponement of jobs or quarantine order\/stay-home notice.<\/p>\n","protected":false},"excerpt":{"rendered":"Distressed union members can apply for the NTUC Care Fund (COVID-19) to tide over difficult times.\n","protected":false},"author":5,"featured_media":4401,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[95],"tags":[183,186,275,202],"yoast_head":"\nHere's What You Need To Know About The NTUC Care Fund (COVID-19) | DollarsAndSense Business<\/title>\n<meta name=\"description\" content=\"NTUC Care Fund (COVID-19) is to help affected NTUC union members in light of the economic uncertainties brought about by COVID-19.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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