The Gen XY Lifestyle

Skillsfuture Credit To Be Made Available From 1 January 2016

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Come January next year, the SkillsFuture Credit will be made available to eligible Singaporeans.

Announced by Mr Ong Ye Kung, Acting Minister for Education (Higher Education and Skills) at the Lifelong Learning Festival held at the Lifelong Learning Institute from 7 to 8 November 2015, the SkillsFuture Credit will be made available to eligible Singaporeans from January 2016, and it can be used for about 10,000 approved skills-related courses across 57 functional areas covering all the key industries.

The SkillsFuture Credit was first announced by Deputy Prime Minister Mr Tharman Shanmugaratnam in Budget 2015, with the initiative hoping to empower Singaporeans to take personal ownership of lifelong learning.

Under the SkillsFuture Credit, Singaporeans aged 25 years and above will receive an initial credit of S$500 which can be used to pay for course fees, apart from government subsidies. Through the month of January 2016, eligible Singaporeans will receive their SkillsFuture Credit account activation letter. They will then be able to access their account to use their credit for courses that commence on or after 1 January 2016.

The SkillsFuture Credit will not expire, and the Singapore Government will make periodic top-ups to the accounts, thus there is no need for you to rush to use your SkillsFuture Credit.

The list of approved courses that one can use their SkillsFuture Credits with include:

  • Courses subsidised or approved by WDA
  • Selected courses offered by the Ministry of Education (MOE)-funded institutions
  • Courses supported by public agencies
  • SkillsFuture@PA courses offered by the People’s Association
  • Courses offered by the Infocomm Development Authority’s participating Silver Infocomm Junctions

A preview of these approved courses will be available on 20 November 2015 through the SkillsFuture Credit course directory at www.skillsfuture.sg/credit. WDA, which is administering the SkillsFuture Credit, will continue to work with training providers and government agencies to update the courses available.

 

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