SkillsFuture
Credits

All Singaporeans 25 and above get an opening SkillsFuture Credit of $500

 

SkillsFuture Credit aims to encourage individuals to take ownership of their skills development and lifelong learning. Introduced in 2015, all Singaporeans aged 25 and above will receive an opening credit of S$500.

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The 2020 One-Off SkillsFuture Credit Top-Up

 

To further encourage Singaporeans to take timely action to reskill and upskill 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. From 1 October 2020, this top-up can be used on all SkillsFuture Credit-eligible courses, and will expire on 31 Dec 2025.

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This brings the total amount of SkillsFuture Credits you can have, to $1000.

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Additional SkillsFuture Credit for those aged 40 - 60 (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.

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The maximum SkillsFuture Credits for a 40 to 60-year-old will be $1500. Do note that this additional $500 (Mid-Career Support) can only be used on (i) SGUnited Skills Programme, (ii) SGUnited Mid-Career Pathways Programme – Company Training, and (iii) Career Transition Programmes.

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All unused credit from this additional SkillsFuture Credit topup will expire on 31 December 2025.

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Source: SkillsFuture

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