To empower Singapore Citizens in their learning and skills development, the Government will create a SkillsFuture Credit for all Singapore Citizens aged 25 and above. Singapore Citizens can use the SkillsFuture Credit to take charge of their own learning over the course of their lives. Every Singapore Citizen aged 25 and above will receive an initial credit of $500. The Government will make further top-ups to their SkillsFuture Credit at regular intervals. These credits will not expire, but can only be used for education and training initiated by individuals, to offset course fees. Subsequent cohorts of Singapore Citizens will similarly receive an initial credit of $500 in the year that they turn 25.
Singapore Citizens will be able to use their SkillsFuture Credit to pay for the following workskills related courses, on top of existing subsidies:
- Courses subsidised by the Singapore Workforce Development Agency (WDA). Please refer to the link for more information: http://www.wda.gov.sg/content/wdawebsite/L204-CourseDirectory.html.
- Courses offered by the Ministry of Education (MOE)-funded Post-Secondary Education Institutions (i.e. Institute of Technical Education, polytechnics, and autonomous universities). Singapore Citizens will also be able to use the credits for selected courses at SIM University, LASALLE College of the Arts, and Nanyang Academy of Fine Arts.
- Courses supported by other public agencies. (More details will be released subsequently.)
More than two million Singapore Citizens will receive the SkillsFuture Credit in 2016. The Government will notify eligible Singapore Citizens of their SkillsFuture Credit in due course.
More details of the SkillsFuture Credit will be released in due course.
For more information, please visit the SkillsFuture website.