The SkillsFuture Credit (SFC) aims to encourage individual ownership of skills development and lifelong learning. All Singaporeans aged 25 and above have received an opening credit of S$500, which will not expire and will be topped-up periodically by the government. In 2020, the government announced an additional SFC top-up of $500 which will expire on 31 Dec 2025.
The training grant subsidy for WSQ programme is different from SkillsFuture Credit. This subsidy is applicable for WSQ certifiable courses, and are given to Singaporeans and Singapore Permanent Resident (PR). WSQ courses are aligned to the Skills Framework so as to enhance workers capabilities and productivity. The intent of the subsidy is to make these courses more affordable for Singaporeans and Singapore PR. Depending on the age and citizenship of the individual, the training grant subsidy can cover up to a maximum of 90% of the course fees.
Learners can pay the nett amount after the training grant subsidy by using their SkillsFuture Credit (SFC) or through other payment modes offered by the training provider.
Here is an example of how to calculate the net course fee payable after training grant subsidy. Assuming you are a Singapore Citizen above the age of 40 years old. You are interested to sign up for a two-day course costing $900.
|Course Fee||$ 900.00|
|Training Grant Subsidy (Mid-career Enhanced Subsidy)||($ 810.00)|
|Nett Fee Payable to Training Provider after Subsidy||$ 90.00|
The nett fee amount of $90.00 can be paid using your SkillsFuture Credit (if available) through the MySkillsFuture.sg portal. Alternatively, it can be paid by other payment modes.