Introduced in 2015, all Singaporeans aged 25 and above will receive an opening credit of S$500.Â
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 was provided to every Singapore Citizen aged 25 years and above as at 31 December 2020.
To improve individuals’ access to career transition programmes, a one-off SkillsFuture Credit of $500 was provided to every Singapore Citizen (SC) aged 40 to 60 (inclusive) as at 31 December 2020. This was in addition to the one-off $500 SkillsFuture Credit top-up for SCs aged 25 and above as at 31 December 2020.
SkillsFuture Credit can be used on top of existing government course subsidies to pay for a wide range of approved skills-related courses
1. Eligible employers can receive a one-off $10,000 SkillsFuture Enterprise Credit (SFEC) to cover up to 90% of out-of-pocket expenses on qualifying costs for supportable initiatives, over and above the support levels of existing schemes.
The Union Training Assistance Programme (UTAP) is supported by the NTUC-Education and Training Fund (NETF) set up to help our working people in skills upgrading and re-skilling.
Union members can tap on more than 5,000 training courses to enjoy course fee subsidy, capped at $250 per qualifying member per year. Union members aged 40 and above get a further boost to upskill, with higher course fee subsidy, capped at $500 per qualifying member per year. This applies to courses attended from 1 July 2020 to 31 December 2025.