Singapore’s Freelance Revolution?

The Covid-19 pandemic has accelerated the ‘future of work’ in Singapore. The gig economy has grown and self-employed workers increased by approximately 9% from 174,800 to 190,900 (Manpower Ministry’s Labour Force Survey, 2020). Irregular income has also intensified, with added uncertainty, gigs dried up when the Covid-19 pandemic hit):

“My income became more irregular… so when I make more this month, I put a bit more, then when I make less, I put less,” Mr Yip said. “A lot of my peers and I resorted to food delivery, package delivery or odd jobs (during the ‘circuit breaker’ period),” he said.


ILostMyGig.SG is an estimate of lost income and projects since the pandemic began. These hard times have pushed us at Lyte to work harder towards financial solutions to serve freelancers.

Please find our first curated resource bite below:

  1. Cash Payouts / Grants
  2. Freelancers and SEP Taxes
  3. Community Support

Cash Payouts / Grants

LancerX Support List (which is constantly updated). Cash Payouts:



Before you get too happy, this is not true. For those of you who didn’t know, you are required to pay income tax once your income exceeds $22,000 in a year!

This means that if you’re getting an average take-home pay of ~$1800/month, you will have to pay income taxes to IRAS. Check out this tax calculator here.


SG Creatives and Cultural Community: ‘Due to the recent COVID-19 outbreak, many creative/cultural companies and freelancers have had their jobs suddenly cancelled or postponed indefinitely. This is a support group for the creative industry to discuss and find ways to help each other as well as to connect and engage the relevant government bodies as a group’.

If you are a freelancer who wants to share their experiences and wants to chat — follow us on LinkedIn, reach out to us with any suggestions/feedback at:

Blog by LytePay: We make invoice tracking a breeze for freelancers and solopreneurs. LytePay automates your invoice status updates so you can focus on your career and doing what you love.

Secure an invite to LytePay here and learn more about LyteMoney here.

About Lyte Ventures

Based in Singapore, Lyte Ventures provides financing solutions to freelancers and SMEs around the world. Driven by the desire to empower individuals and businesses alike, Lyte Ventures is committed to create opportunities for everyone through our digital platforms. We hold fast to integrity, empathy, and being future-proof in our strategy, design, and innovation.

Up Next

Look forward to this blog series if you are one of the freelancers, side-hustlers, self-employed businesses, solopreneurs that want to find up-to-date tips and toolkits to not just survive but also thrive!

LyteBites on:

  • SEP Grants in Singapore
  • Invoicing and Late Payments
  • CPF and Savings
  • Insurance in Singapore
  • Clients and Contracts
  • Starting Out? Passion into Biz
  • Preventing Burnout and Wellness
  • Need For Community
Follow us to get the latest promos:
LytePay Pte Ltd
6 Bukit Pasoh Road, #02-01
Singapore 089820
Lyte Ventures Pte Ltd is the holding company of the Lyte group of companies. Lytepay Pte Ltd is a subsidiary of Lyte Ventures Pte Ltd. LytePay Pte Ltd is a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS) under the Payment Services Act to provide (i) account issuance service; (ii) domestic money transfer service; and (iii) cross-border money transfer service. Please note that this does not mean you will be able to recover all the money you paid to if LytePay’s business fails. Consumer Advisory: LytePay Pte Ltd is not a moneylender and does not require the approval of the MAS or the Ministry of Law to carry on business. Consumers (users) are advised to read the terms and conditions carefully. If you wish to discuss data protection matters, please contact our Data Protection Officer at Disclaimer: Lyte Ventures Pte Ltd, its officers, employees, representatives or agents shall not be held liable for any damages or injury resulting from your access to, or inability to access this internet site, or from your reliance on any information provided on this site or any accompanying literature or documentation. The information and material provided on this site do not constitute an offer to sell or the solicitation of an offer to buy, any currencies or securities and must not be relied upon in connection with any payment decision.

© 2022 LytePay Pte Ltd. All rights reserved.