SkillsFuture is a national program in Singapore that helps people develop their skills and knowledge throughout life. However, not everyone has taken advantage of this scheme, and that means they are missing out on a great opportunity. Fret not because in this article, we'll give you a step-by-step guide on how to use these free government subsidies to improve your skills and knowledge.
SkillsFuture credits are like a special type of money from the government. They can be used to pay for courses and training programs that help you learn new things. The government gives these credits to Singaporeans so they can keep growing and developing their abilities throughout their lives.
Under this scheme, all Singaporeans aged 25 years and above received an opening credit of $500, which can be used to deepen your existing skills, or to pick up new skills outside of your current expertise. These credits do not expire. A one-time top-up of $500 was provided to those aged 25 and above in 2020. This top-up will expire at the end of 2025.
In 2020, a one-time top-up of $500 was also provided to those aged between 40-60 years (inclusive) back in 2020. Similarly, these credits do not expire.
From 1 May 2024, Singaporeans aged 40 years and above will be receiving a credit top up of $4,000 to pursue a substantive skills reboot. You’d be happy to know that these credits will never expire! Do note that any balance from the 2020 top-up will be merged with this new $4,000 top-up.
To check your credit balance, follow these steps:
1. Navigate to the MySkillsFuture page and click the “Login” button on the top right.
2. On the pop-up login screen, select “Singpass” and continue logging in via the QR code using your Singpass mobile app, or by manually entering your Singpass login details.
3. After you have successfully logged in, you will be brought back to your homepage on MySkillsFuture, where your credit balance will be shown under your account name.
To submit a SkillsFuture credit claim for eligible courses that you’ve attended, follow the steps below.
1. Navigate to the MySkillsFuture page and ensure that you are already logged into your account. Click on the “E-Services” tab on top.
2. After being directed to the E-Services page, select “Check and Claim SkillsFuture Credit”.
3. After being directed to the claim submission page, select “Submit a Claim”.
4. Input either the course name / reference no. or the name of the training provider in the text box. Then, select the “Search” button.
5. Click the “Select” button on the course you enrolled for, and input its start date in the box below.
6. Next, input your payment details. This includes i) the total nett fee you have to pay (after deducting any other subsidies / grants (e.g., IBF-STS)) for the enrolled course under “Fee Payable by You (including GST)”, and ii) the amount of SkillsFuture credit you wish to claim under “Amount of Credit to Claim”. Attach the supporting documents (invoice/receipt) provided by your training provider. The documents should contain your name as per NRIC, and the nett course fees payable (inclusive of GST). Click the “Review” button on the bottom right.
7. Ensure that all the details are accurate and click on the "I have read and agreed to the SkillsFuture Credit Terms & Conditions" checkbox. Lastly, click the “Submit” button!
And… you're now good to go! The entire process would take you less than 5 minutes, there's no more excuse for you not to utilise your SkillsFuture Credits. 🤩
What courses are eligible for SkillsFuture credit? There are variety of exciting courses for you to choose from. As a start, consider some SkillsFuture approved courses with Metacamp:
AI101: Data Analytics and AI with Python
WBT101: Web3.0 and Blockchain Fundamentals for Financial Services
WBT201: Fundamentals of Token Economics
SWE101: Programming Fundamentals
What are you waiting for? Time to make use of your SkillsFuture credits for futureproofing your career now!
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