What is Skillsfuture?

What is Skillsfuture Credit?

How to use my Skillsfuture Credit?

Skillsfuture Courses

Skillsfuture

SkillsFuture is a national movement that provides opportunities for all Singaporeans to develop to their fullest potential at different stages of their lives. Regardless of your starting point, you can realise your goals and aspirations through a holistic system of education and training.

Whether you are a student, a working adult starting out in your career, a professional in your mid-career, or an experienced worker in your silver years – you can access a wealth of resources to help you attain skills mastery. Skills mastery is not about paper qualifications or traditional definitions of success. Instead, it is about continually striving towards excellence through knowledge, application, and experience.

Nurturing a culture of lifelong learning together with the skills, passion and contributions of every individual will drive Singapore’s next phase of development towards an advanced economy and inclusive society.

Objectives Of Skillsfuture

1. Help individuals to make well-informed choices in education, training and careers

With the development of a full system of guidance, everyone will be equipped to make better choices in their education, training, and career. It will start with educational counselling in schools and extend throughout an individual’s working life.

Through collaborations between the Government, industry, and institutions, individuals will have exposure to a wide range of occupations and industries from a young age. They will also have access to ongoing information about the changing needs of the labour market.

2. Develop an integrated, high-quality system of education and training that responds to constantly evolving industry needs

Education and training will be reviewed on a regular basis to ensure that a sound and broad-based education for the young is complemented with full menus of continual learning options – including opportunities to develop new specialisations.

3. Promote employer recognition and career development based on skills and mastery

Employers will be involved in designing and implementing a framework to enable employees to advance in their careers through skills ladders.

4. Foster a culture that supports and celebrates lifelong learning

This will involve a long-term effort to respect every job for its requisite skills, and value the achievements of individuals who attain mastery in their own fields. It will also promote the habit of learning throughout life – for work as well as for personal development and interest.

Skillsfuture Credit

Singaporeans can take ownership of their skills development and lifelong learning through SkillsFuture Credit. From 2016, all Singaporeans aged 25 and above will receive an opening credit of S$500. This credit will not expire and the government will provide periodic top-ups so individuals can accumulate their credit.

Summary:

• All Singaporeans aged 25 years and above
• S$500 opening credit
• Claimable for a wide range of SkillsFuture Credit-eligible courses
• Does not expire

 

One-Off SkillsFuture Credit Top-Up

As part of efforts to encourage Singaporeans to take ownership of their skills development and be well-equipped 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. Eligible individuals can start using the additional $500 SkillsFuture Credit from 1 October 2020.

This top-up will be valid for five years to encourage Singaporeans to take timely action to reskill and upskill, and be better equipped to seize new career opportunities. All unused credit from this top-up will expire on 31 December 2025.

Summary:

• All Singaporeans who are 25 years or above by 31 Dec 2020
• One-time S$500 credit top-up
• Claimable for a wide range of SkillsFuture Credit-eligible courses
• With effect from 1 Oct 2020
• Expires on 31 Dec 2025

Additional SkillsFuture Credit (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. Eligible individuals can start using the SkillsFuture Credit provided under this package from 1 October 2020, on about 200 career transition programmes offered by the Continuing Education and Training (CET) Centres. This additional SkillsFuture Credit will be valid for five years to encourage individuals to take timely action to learn, reskill, and seize new career opportunities. All unused credit from this additional SkillsFuture Credit will expire on 31 December 2025.

Summary:

• All Singaporeans who are 40 to 60 years by 31 Dec 2020
• Additional one-off special S$500 credit
• Claimable for a selected list of courses (to be announced)
• With effect from 1 Oct 2020
• Expires on 31 Dec 2025
• How Do I Use Skillsfuture Credit?

All eligible Singaporeans will be able to access their SkillsFuture Credit account at  www.skillsfuture.sg/credit, You can use your credits to pay for or offset course .

Contact Us

Contact us now and our friendly customer service consultants will be in touch with you on how you can use your Skillsfuture Credit for skills development and lifelong learning needs.