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