I set up my own private limited company 2 years ago, and my role is director of the company. It's a very small company and I dont have any employees. Can I receive help from the SIRS scheme? - Seedly
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Anonymous

Asked on 17 Apr 2020

I set up my own private limited company 2 years ago, and my role is director of the company. It's a very small company and I dont have any employees. Can I receive help from the SIRS scheme?

I understand that directors of private limited companies do not seem to be automatically included in the eligibility criteria. However, my salary has always been irregular and is not even more affected by the COVID situation. Hence, would really appreciate any financial help given. If I'm not eligible, how and where do I apply for the SIRS scheme or other relevant financial help?

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SkyFP.com
Level 3. Wonderkid
Answered 6d ago

As long as the criteria is met, you will be eligible!

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Cedric Jamie Soh
Cedric Jamie Soh, Director at Seniorcare.com.sg
Level 9. God of Wisdom
Answered on 20 Apr 2020

Directors are not "Self-Employed" by the definition.

The government is not so willing to help out directors as this group is a vast group with most people in a comfortable position. Although not all directors are the same, quite a large share of directors are not as seriously affected by "Self Employed" (which is not just sole proprietors, but grabdrivers, taxi drivers, etc)

Do appeal though, as your sister is definitely caught in a bad situation

https://www.ntuc.com.sg/sirs/

I will go so far as to ask her to appeal for the Temporary Relief Fund if she is having difficulties for day-to-day living expenses

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ZT
Zachary Teo
Level 6. Master
Updated on 18 Apr 2020

Hey Anon! I do face the same issue as you or rather my sister. She runs her own business as well, a sole-proprietor. She hits all the criteria for the selection.

  • Started work as an SEP on or before 25 March 2020;

  • Currently earn a Net Trade Income (NTI) of not more than $100,000;

  • If SEP also has employment (i.e. dual status worker), the income earned as an employee must be not more than $2,300/month;

  • Live in a property with an AV not more than $21,000; and

  • Do not own two or more properties.

  • Above 37 Years old will be automatically included

  • Below 37 must appeal

However, the downside is that she is below 37 years old and will not be automatically added into the scheme. I've informed her to apply for the scheme this coming Tuesday, 20th April.

You can check it here and appeal this Tuesday: https://www.ntuc.com.sg/sirs/

Hence, do check against your criteria above and apply for the scheme to appeal for it.​​​

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