What is SkillsFuture Credit?

SkillsFuture Credit consists of credits that Singapore Citizens can use to pay out-of-pocket course fees for attending work-skills-related courses. The credits can be used on top of existing course fee subsidies provided by the Government.

 

SkillsFuture Credit Top Up 

Opening SkillsFuture Credit of $500 

All Singapore Citizens aged 25 and above in 2016 received an opening credit of S$500. Singapore Citizens who were below 25 years old in 2016 will similarly receive $500 worth of credits in the year that they turn 25 years old

SkillsFuture Credit Top Up 2020 

A SkillsFuture Credit Top Up will be made in the year 2020 as announced in Budget 2020. A one-off SkillsFuture Credit Top Up of $500  will be provided to every Singapore Citizen  aged 25 years and above as of 31 December 2020. This top-up is on top of the Opening SkillsFuture Credits and can be used for SkillsFuture courses starting on 1 October 2020

Additional SkillsFuture Credit Top Up for those aged 40 to 60 years old

A one-off SkillsFuture Credit of  $500 will be provided to every Singapore Citizen aged 40 to 60 (inclusive) as of 31 December 2020. This will be on top of the SkillsFuture Credit Top Up for Singapore Citizens aged 25 and above. 

 Starting 1 October 2020, eligible individuals can use the SkillsFuture Credit on about 200 career transition programmes offered by the Continuing Education and Training (CET) Centres. 

SkillsFuture Credit Expiry

 SkillsFuture Credit expiry varies for the different top-up tranches. The Opening SkillsFuture Credits do not have an expiry date. However, the SkillsFuture Credit Top Up 2020 and the Additional SkillsFuture Credit Top Up for Singaporeans aged 40 to 60 will expire in five years (by end of the year 2025). 

SkillsFuture Credit Top Up & Expiry Summary 

SkillsFuture Eligibility Amount Available For Use Expiry
Singapore Citizens aged 25 and above $500 Upon credit, in the year you turn 25 years old No Expiry
Singapore Citizens aged 25 years and above as of 31 December 2020 $500 1 October 2020 Expires end of 2025
Singapore Citizens aged 40 to 60 (inclusive) as of 31 December 2020 $500 1 October 2020, on about 200 career transition programmes Expires end of 2025

SkillsFuture Funding & Subsidy 

To ensure course fees remain affordable, SkillsFuture Singapore (SSG) provides a course fee subsidy for Singapore Citizens and Singapore Permanent Residents (PR) on SkillsFuture approved courses. This is applicable to both self-sponsored and company-sponsored applicants. Individuals can offset the remaining course fees using their SkillsFuture Credit. Eligible individuals can further benefit from SSG’s other subsidies up to 90% via the SkillsFuture Mid-Career Enhanced Subsidy (MCES).

SkillsFuture Training Subsidy 

Type of Course Course Level Singaporeans 21 – 39 yrs old / PRs 21 yrs old & above Singaporeans 40 yrs old & above (MCES)
Courses offered by SSG-appointed CET Centres Non-PMET Up to 90% of course fees before GST Up to 90% of course fees before GST
PMET Up to 70% of course fees
Certifiable Courses approved by SSG

* Self-sponsored individuals must be ≥ 21 years old

Non-PMET 80% of course fees before GST, capped at $17 per hour 90% of course fees before GST, capped at $25 per hour
PMET 50% of course fees before GST, capped at $15 per hour 90% of course fees before GST, capped at $50 per hour

Example of a SkillsFuture approved, Non-PMET course with GST 

Full Course Fee Singaporeans 21 – 39 yrs old / PRs 21 yrs old & above Singaporeans 40 yrs old & above (MCES)

$401.25

$375.00 before GST

$101.25

$75.00 after 80% subsidy, plus $26.25 GST

Payable using SkillsFuture Credit

$63.75

$37.50 after 90% subsidy, plus $26.25 GST

Payable using SkillsFuture Credit

SkillsFuture Credit Courses 

SkillsFuture Credit can be used on top of existing government course subsidies to pay for a wide range of approved skills-related courses: 

  • Courses subsidised or approved by SSG including online courses 
  • Selected courses offered by Ministry of Education-funded institutions 
  • Courses supported by public agencies 
  • SkillsFuture@PA courses offered by the People’s Association 
  • Courses offered by the Infocommunications Media Development Authority of Singapore’s Silver Infocomm Junctions 
  • Selected courses under National Silver Academy 

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