SkillsFuture Credit aims to encourage individual ownership of skills development and lifelong learning. Introduced in 2015, all Singaporeans aged 25 years and above can use their $500 SkillsFuture Credit from the government to pay for a wide range of courses. The credits can also be used on top of existing course fee subsidies provided by the Government.
Top Up of SkillsFuture Credit
As part of efforts to encourage Singaporeans to take ownership of their skills development and be well-equipped to seize opportunities in the future economy, a one-off SkillsFuture Credit top-up of $500 will be provided to every Singapore Citizen aged 25 years and above as at 31 December 2020
Additional SkillsFuture Credit (Mid-Career Support)
To improve individuals’ access to career transition programmes, a one-off SkillsFuture Credit of $500 will be provided to every Singapore Citizen (SC) aged 40 to 60 (inclusive) as at 31 December 2020. This will be over and above the $500 SkillsFuture Credit top-up for SCs aged 25 and above as at 31 December 2020. Eligible individuals can start using the SkillsFuture Credit provided under this package from 1 October 2020, on about 200 career transition programmes offered by the Continuing Education and Training (CET) Centres.
All unused credit from this top up and additional SkillsFuture Credit will expire on 31 December 2025. Find out more here.
