Individual Funding & SkillsFuture Credit

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What is SkillsFuture Credit

SkillsFuture Credit consists of credits which Singapore Citizens can use to pay for 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

SkillsFuture Credit

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

One-Off SkillsFuture Credit Top-Up

A SkillsFuture Credit Top Up will be made in 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 at 31 December 2020. This top up is on top of the SkillsFuture Credits, and can be used for SkillsFuture courses from 1 October 2020.

Additional SkillsFuture Credit (Mid-Career Support)

From 1 May 2024, the SkillsFuture Credit (Mid-Career) can be used to offset out-of-pocket course fees for selected courses that have better employability outcomes

Courses eligible for SkillsFuture Credit (Mid-Career) include:

  1. Institute of Higher Learning (IHL) full qualifications and shorter modules that stack to a full qualification,
  2. MOE-subsidised full qualifications from the University of the Arts Singapore and Arts Institutions,
  3. SkillsFuture Career Transition Programmes (SCTP), which are train-and-place programmes in sectors with good hiring opportunities,
  4. Courses aligned to training requirements in Progressive Wage Model (PWM) sectors, and
  5. Workplace Literacy and Numeracy courses.

The full list of eligible courses can be viewed from 22 Apr 2024. Stay tuned for latest updates on SkillsFuture Credit (Mid-Career) top-up and other schemes under the SkillsFuture Level-Up Programme by subscribing to our mailing list

SkillsFuture Credit Expiry

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

SkillsFuture Credit Top Up & Expiry Summary

Type of SupportSkillsFuture EligibilityAmountExpiry
(Base Tier)
 SkillsFuture Credit (Opening Credit)
Singapore Citizens aged 25 and above$500No Expiry
(Base Tier)
One-off SkillsFuture Credit Top-Up In 2020
Singapore Citizens aged 25 years and above as at 31 December 2020$500Expires 31 Dec 2025
(Mid-Career Tier)
One-off Additional SkillsFuture Credit (Mid-Career Support Top-Up)
Singapore Citizens aged 40 to 60 (inclusive) as at 31 December 2020$500Outstanding balance will be merged with the SkillsFuture Credit (Mid-Career) from 1 May 2024, and the expiry lifted
(Mid-Career Tier)
From 1 May 2024, SkillsFuture Credit (Mid-Career) Top-Up
Singapore Citizen aged 40 and above $4,000Does not expire

See more on How to check SkillsFuture Credit balance.

SkillsFuture Funding & Subsidy

To ensure course fees remain affordable, SkillsFuture Singapore (SSG) provides course fee subsidy for Singapore Citizens and Singapore Permanent Residents (PR) on SkillsFuture approved courses. This will be 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 other SSG’s subsidies up to 90% via SkillsFuture Mid-Career Enhanced Subsidy (MCES).

SkillsFuture Training Subsidy (As of 12 Sep 2022)

Courses offered by SSG-appointed CET Centres Funding Support
Singapore Citizens (SCs) and Permanent Residents (PRs)Up to 70% of course fees
SCs aged >= 40 years old (Mid-Career Enhanced Subsidy)Up to 90% of course fees
Persons With Disabilities (PwDs) – SCs and PRs
(Only for eligible courses supported by SG Enable.
Up to 95% of course fees
Certifiable Courses approved by SSG Funding Support
Singapore Citizens (SCs) and Permanent Residents (PRs)Up to 50% of course fees
SCs aged >= 40 years old (Mid-Career Enhanced Subsidy)Up to 70% of course fees

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

Full Course FeeSporeans 21 – 39 yrs old /
PRs 21 yrs old & above
Sporeans 40 yrs old & above
$401.25$375.00 before GST$213.75$187.50 after 50% subsidy, plus $26.25 GST
Payable using SkillsFuture Credit
$138.75$112.50 after 70% 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 SkillsFuture Singapore (SSG) including online courses
  • Selected courses offered by Ministry of Education (MOE)-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 (IMDA)’s Silver Infocomm Junctions
  • Selected courses under National Silver Academy

Questions on SkillsFuture Credit?

If you have any enquiries on SkillsFuture Credit and which courses are suitable for you, feel free to enquire.